3rd quarter results for Goldman Sachs
21 October 2010 New York
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Goldman Sachs has reported net revenues of $8.90 billion and net earnings of $1.90 billion for its third quarter ended September 30, 2010.
Diluted earnings per common share were $2.98 compared with $5.25 for the third quarter of 2009 and $0.78 for the second quarter of 2010. Annualised return on average common shareholders' equity was 10.3 per cent for the third quarter of 2010 and 11.6 per cent for the first nine months of 2010. Excluding the impact of the $600 million related to the U.K. bank payroll tax and the $550 million related to the SEC settlement in the second quarter of 2010, annualized ROE was 13.2 per cent (3) for the first nine months of 2010.
"Our third quarter results reflect solid performances across our businesses," said Lloyd C. Blankfein, chairman and chief executive officer. "While economic conditions continue to be challenging in a number of important markets, our focus is on helping our clients achieve their goals. In doing this, we benefit from the strength of our balance sheet, our robust business model and the continuing breadth and depth of our global client franchise."
Diluted earnings per common share were $2.98 compared with $5.25 for the third quarter of 2009 and $0.78 for the second quarter of 2010. Annualised return on average common shareholders' equity was 10.3 per cent for the third quarter of 2010 and 11.6 per cent for the first nine months of 2010. Excluding the impact of the $600 million related to the U.K. bank payroll tax and the $550 million related to the SEC settlement in the second quarter of 2010, annualized ROE was 13.2 per cent (3) for the first nine months of 2010.
"Our third quarter results reflect solid performances across our businesses," said Lloyd C. Blankfein, chairman and chief executive officer. "While economic conditions continue to be challenging in a number of important markets, our focus is on helping our clients achieve their goals. In doing this, we benefit from the strength of our balance sheet, our robust business model and the continuing breadth and depth of our global client franchise."
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