Goldman Sachs reports Q2-17 earnings per share of $3.95

Goldman Sachs reported first half net revenues of $15.91 billion, 12% higher than the first half of 2016. Capital ratios and liquidity remain strong.

Goldman SachsThe Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $7.89 billion and net earnings of $1.83 billion for the second quarter ended June 30, 2017.

Diluted earnings per common share were $3.95 compared with $3.72 for the second quarter of 2016 and $5.15 for the first quarter of 2017. Annualized return on average common shareholders’ equity (ROE) (1) was 8.7% for the second quarter of 2017 and 10.1% (2) for the first half of 2017.

Highlights

Goldman Sachs reported first half net revenues of $15.91 billion, 12% higher than the first half of 2016, which contributed to a 340 basis point improvement in pre-tax margin to 31.7%.

The firm completed mergers and acquisitions for the year-to-date.

Debt underwriting produced its third highest quarterly performance with net revenues of $721 million.

Equities generated its highest quarterly results in two years with net revenues of $1.89 billion, an increase of 13% compared with the first quarter of 2017.

Investment Management generated record quarterly management and other fees of $1.28 billion, as assets under supervision (4) increased to a record $1.41 trillion.

Goldman Sachs returned nearly $7 billion of capital to common shareholders during the past year. Book value per common share increased by 6.1% from a year ago, including 1.3% during the quarter, to $187.32.

The firm maintained strong capital ratios and liquidity. Common Equity Tier 1 ratio was 13.9% and 12.5%, respectively, and the global core liquid assets were $221 billion as of June 30, 2017.