The Goldman Sachs Group, Inc. (NYSE:GS) Q3 2024 Results Conference Call October 15, 2024 9:30 AM ET
Company Participants
David Solomon – Chairman and Chief Executive Officer
Denis Coleman – Chief Financial Officer
Conference Call Participants
Glenn Schorr – Evercore
Ebrahim Poonawala – Bank of America
Christian Bolu – Autonomous Research
Mike Mayo – Wells Fargo Securities
Betsy Graseck – Morgan Stanley
Brennan Hawken – UBS
Steven Chubak – Wolfe Research
Devin Ryan – Citizens JMP
Dan Fannon – Jefferies
Gerard Cassidy – RBC
Saul Martinez – HSBC
Operator
Good morning. My name is Katie and I will be your conference facilitator today. I would like to welcome everyone to the Goldman Sachs’ Third Quarter 2024 Earnings Conference Call. On behalf of Goldman Sachs, I will begin the call with the following disclaimer.
The earnings presentation can be found on the Investor Relations page of the Goldman Sachs website and contains information on forward-looking statements and non-GAAP measures. This audiocast is copyrighted material of The Goldman Sachs Group, Inc., and may not be duplicated, reproduced, or rebroadcast without consent. This call is being recorded today, October 15th, 2024.
I will now turn the call over to Chairman and Chief Executive Officer, David Solomon; and Chief Financial Officer, Denis Coleman.
Thank you. Mr. Solomon, you may begin your conference.
David Solomon
Thank you, operator, good morning, everyone. Thank you all for joining us. In the third quarter, we produced net revenues of $12.7 billion and generated earnings per share of $8.40 an ROE of 10.4% and an ROTE of 11.1%. Overall, I am pleased with our performance especially in a quarter where our results were impacted by selected items including the narrowing of our consumer footprint which reduced our ROE by 80 basis points. Our performance demonstrates the strength of our world-class and interconnected franchises where we were effectively serving clients in a
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