The Goldman Sachs Group Inc. shared on Wednesday that its net revenue for the fourth quarter jumped 23% year-over-year, landing at $13.8 billion in fiscal 2024 to beat market estimates. The full-year results were up 16% compared to 2023, reaching $53.51 billion.
Its diluted earnings per share surged by 118% to $11.95 in the fourth trimester, and for the whole of 2024 skyrocketed to $40.54, a 77.26% increase from the year before. Net earnings in the last quarter amounted to $4.11 billion and registered $14.28 billion for the full year.
"I'm encouraged that we have met or exceeded almost all of the targets we set in our strategy to grow the firm five years ago, and as a result, have both grown our revenues by nearly 50% and enhanced the durability of our franchise," bank CEO David Solomon remarked.
Goldman Sachs' stock traded 2.15% following the release of the report.
