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Goldman Sachs topped every expectation

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Miguel A. Rodriguez
Miguel A. Rodriguez
20 January 2021
Stronger-than-expected Q4 earnings for Goldman Sachs

For Q4 2020, Goldman Sachs reported an EPS of $12.08, topping the $7.47 per share forecasted. Revenue-wise, the market was looking for $9.9 billion, but the actual figure was $11.74 billion.

Goldman Sachs’ investment division reported for 2020 revenues of $9.42 billion, a record for the bank. Moreover, the bank’s trading division had the highest annual revenue in a decade, rising 43% from the figures reported in 2019.

According to CEO David Solomon, the numbers are just the result of the bank’s efforts to help its clients during the pandemic. “We were able to help clients navigate a difficult environment, and, as a result, achieved strong results across the franchise, while advancing our strategic priorities,” he stated.

Following the report, Goldman Sachs stock price added 2% in premarket trading. In 2020, the stock added 11%.

Read here about how other banks have performed in Q4!

Sources: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.