Investment AuM Reaches Record At Goldman Sachs

Tom Burroughes Group Editor 19 October 2017

Investment AuM Reaches Record At Goldman Sachs

Goldman Sachs is one of the latest of the global financial houses to report Q3 financial figures.

Goldman Sachs reported net revenues of $8.33 billion and net earnings of $2.13 billion for the third quarter ended 30 September, adding to a raft of US financial behemoths issuing results in recent days.

Investing and lending generated net revenues of $1.88 billion, its highest quarterly performance in more than three years, the Wall Street-listed house said.

Assets under supervision rose to a record $1.46 trillion, including net inflows of $13 billion in long-term assets under supervision, it said. 

Net revenues in Investment Management were $1.53 billion for the third quarter of 2017, 3 per cent higher than the third quarter of 2016 and essentially unchanged compared with the second quarter of 2017.

The increase in net revenues compared with the third quarter of 2016 was due to slightly higher management and other fees, reflecting higher average assets under supervision, and higher transaction revenues, partially offset by lower incentive fees. 

The firm’s Common Equity Tier 1 Standardized and Basel III Advanced ratios, common measures of “buffer capital” strength for such institutions, were 13.3 per cent and 12.0 per cent, respectively.


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