This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Goldman Sachs Reports Earnings Per Common Share Of $15.46 For 2013

The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $34.21 billion and net earnings of $8.04 billion for the year ended December 31, 2013. Diluted earnings per common share were $15.46 compared with $14.13 for the year ended December 31, 2012. Return on average common shareholders’ equity (ROE)  (1) was 11.0% for 2013.

Fourth quarter net revenues were $8.78 billion and net earnings were $2.33 billion. Diluted earnings per common share were $4.60 compared with $5.60 for the fourth quarter of 2012 and $2.88 for the third quarter of 2013. Annualized ROE  (1) was 12.7% for the fourth quarter of 2013.

Annual Highlights
  • Goldman Sachs continued its leadership in investment banking, ranking first in worldwide announced and completed mergers and acquisitions for the year.  (2) The firm also ranked first in worldwide equity and equity-related offerings, common stock offerings and initial public offerings for the year.  (2)
  • Investment Banking produced net revenues of $6.00 billion, which is the second highest annual performance. Underwriting produced record net revenues of $4.03 billion, including record net revenues in debt underwriting.
  • Assets under supervision  (3) increased 8% from a year ago to a record $1.04 trillion. Net inflows in long-term assets under supervision  (3) of $41 billion  (4) during 2013 were the highest since 2007. Investment Management generated net revenues of $5.46 billion, which is the second highest annual performance.
  • Book value per common share increased approximately 5% to $152.48 and tangible book value per common share  (5) increased approximately 7% to $143.11 compared with the end of 2012.
  • During 2013, the firm repurchased 39.3 million shares of its common stock for a total cost of $6.17 billion, while maintaining strong capital levels. The firm’s Tier 1 capital ratio  (6) was 16.7%  (7) and the firm’s Tier 1 common ratio  (6) was 14.6%  (7) as of December 31, 2013, in each case under Basel I and also reflecting the revised market risk regulatory capital requirements which became effective on January 1, 2013.
  • The firm continues to manage its liquidity conservatively. The firm’s global core excess liquidity  (8) was $184 billion  (7) as of December 31, 2013.


1 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs