The Goldman Sachs Group, Inc. is a global financial institution that delivers a broad range of financial services to a large and diversified client base including corporations, financial institutions, governments, and individuals. The firm operates through three primary segments: Global Banking & Markets (investment banking, FICC, and equities trading and financing), Asset & Wealth Management (asset management, wealth management, and private banking with approximately $4.10 trillion in assets under supervision), and Platform Solutions (transaction banking and consumer platforms). Goldman Sachs ranks #1 in announced and completed M&A and equity offerings globally. The firm is in the process of transitioning its Apple Card consumer lending portfolio following the transfer to held for sale, while actively expanding its alternatives investment platform through acquisitions including NEOS Investments and LCN Capital Partners. Updated
Equities revenue jumped 72% year over year to $6.44 billion on prime and portfolio financing demand, powering a sixth straight quarter of beating consensus EPS. Advisory fees hit a record, though the investment banking backlog slipped from Q2.
The Goldman Sachs Group, Inc. is a global financial institution that delivers a broad range of financial services to a large and diversified client base including corporations, financial institutions, governments, and individuals.