What to Expect From Goldman Sachs’ Q3 2024 Earnings Report

New York-based The Goldman Sachs Group, Inc. GS is a financial institution that provides a range of financial services for corporations, financial institutions, governments, and high-net worth individuals. With a market cap of $160.8 billion, the company specializes in investment banking, trading and principal investments, asset management and securities services. The leading global investment banking, securities, and asset and wealth management firm is expected to announce its fiscal third-quarter earnings for 2024 on Tuesday, Oct. 15.

Ahead of the event, analysts expect GS to report a profit of $8.41 per share on a diluted basis, up 53.8% from $5.47 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. In the previous quarter, the company reported a record AUS of $2.9 trillion, marking the 26th consecutive quarter of long-term fee-based net inflows.

For the full year, analysts expect GS to report EPS of $35.43, up 54.9% from $22.87 in fiscal 2023. Its EPS is expected to rise 17% year over year to $41.46 in fiscal 2025.