On July 18, 2022, Goldman Sachs reported Q2 revenue of $11.9 billion (a decrease of 23% year-over-year) on diluted earnings per common share (Diluted EPS) of $7.73.
Summary: Goldman Sachs’s Q2 2022 revenue decreased by 23% compared to the same period in 2021. The bank had a Common Equity Tier 1 (CET1) ratio of 14.2% and remained above the regulatory minimum of 9.1%. The bank had a $ 667 million provision for credit losses in the quarter, up $759 million from the previous year due to portfolio growth (primarily in credit cards) and the impact of broad macroeconomic concerns.
Goldman Sachs had four reportable operating segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.
Guidance: No guidance is provided for Q3 2022 and full-year 2022.
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