The Goldman Sachs Group, Inc. is a prominent global financial institution founded in 1869, providing a broad range of financial services, including investment banking, securities, and asset management, to a diversified client base worldwide.

For the year ended December 31, 2024, Goldman Sachs recorded net revenues of $53.51 billion, a 16% increase from $46.25 billion in 2023. The company’s net earnings rose to $14.28 billion from $8.52 billion, contributing to a diluted earnings per share (EPS) of $40.54, compared to $22.87 in the previous year. In the fourth quarter of 2024, net revenues reached $13.87 billion, up 23% year-over-year, with net earnings of $4.11 billion, a 105% increase from $2.00 billion in the fourth quarter of 2023.

Return on average common shareholders’ equity (ROE) for 2024 was 12.7%, with an annualized ROE of 14.6% for the fourth quarter. Return on average tangible common shareholders’ equity (ROTE) stood at 13.5% for the year, while the fourth quarter saw an annualized ROTE of 15.5%. Book value per common share rose 7.4% during 2024, reaching $336.77.

The Global Banking & Markets segment generated $34.94 billion in revenues for the year, a 16% increase from 2023. Fourth-quarter revenues in this segment were $8.48 billion, reflecting a 33% increase year-over-year. Investment banking fees within Global Banking & Markets totaled $7.73 billion for the year, up 24%, with the fourth quarter contributing $2.05 billion, a 24% increase from $1.65 billion in Q4 2023.

Revenues from Asset & Wealth Management were $16.14 billion for 2024, also up 16% year-over-year. The fourth quarter saw $4.72 billion in revenues, representing an 8% increase from the prior year. The segment’s management fees rose to $10.43 billion for 2024, a 10% increase year-over-year, with a fourth quarter total of $2.82 billion, growing 15% from Q4 2023.

For the Platform Solutions segment, net revenues were $2.43 billion for the year, reflecting a 2% increase, with fourth-quarter revenues of $669 million, a significant 71% increase year-over-year.

The company reported a provision for credit losses of $1.35 billion for the year, compared to $1.03 billion in 2023, with $351 million set aside in the fourth quarter, down from $577 million in Q4 2023. Operating expenses totaled $33.77 billion for 2024, slightly lower than $34.49 billion in the previous year, with a fourth-quarter total of $8.26 billion, down from $8.49 billion year-over-year.

Goldman Sachs’ effective income tax rate for 2024 was 22.4%, an increase from 20.7% in 2023. The firm declared a dividend of $3.00 per common share, set to be paid on March 28, 2025.