Goldman Sachs Group, Inc. reported a strong financial performance for the full year and the fourth quarter of 2024. The company achieved a net revenue of $53.51 billion and net earnings of $14.28 billion for the year, with the fourth quarter contributing $13.87 billion in net revenues and $4.11 billion in net earnings. The diluted earnings per common share (EPS) for the year was $40.54, significantly rising from $22.87 in the previous year, and $11.95 for the fourth quarter. This performance reflects a robust growth in both revenues and profitability, underscoring the successful implementation of the firm's strategic objectives set five years ago.

The financial results were buoyed by substantial gains across various sectors. The Global Banking & Markets segment alone generated $34.94 billion, driven by record revenues in Equities and strong performances in Investment banking fees and Fixed Income, Currency and Commodities (FICC). The Asset & Wealth Management division also saw a remarkable year, generating $16.14 billion, with increases in management fees and private banking. Goldman Sachs maintained its top rank in worldwide announced and completed mergers and acquisitions, highlighting its dominant position in investment banking.

CEO David Solomon expressed satisfaction with the results, noting that the firm had met or exceeded nearly all targets from its five-year growth plan, leading to a near 50% revenue increase and enhanced franchise durability. With an improving operational backdrop and rising CEO confidence, Solomon emphasized the firm's ongoing commitment to serving its clients excellently and continuing to create shareholder value through strategic initiatives and capitalizing on market opportunities.