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Goldman (GS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Goldman Sachs (GS - Free Report) reported $18.68 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 23%. EPS of $17.01 for the same period compares to $12.25 a year ago.
The reported revenue represents a surprise of +10.75% over the Zacks Consensus Estimate of $16.87 billion. With the consensus EPS estimate being $12.90, the EPS surprise was +31.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Goldman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Book Value Per Share: $372.64 versus the four-analyst average estimate of $368.73.
Assets Under Supervision (AUS) - Total: $4,097.00 billion versus $4,179.41 billion estimated by three analysts on average.
Standardized Capital Rules - Common equity tier 1 capital ratio: 12.4% versus the two-analyst average estimate of 12.5%.
Supplementary - Leverage ratio: 4.3% versus the two-analyst average estimate of 4.2%.
Net Revenues- Asset & Wealth Management- Investments: $50 million versus $68.75 million estimated by four analysts on average.
Net Revenues- Asset & Wealth Management- Private banking and lending: $827 million versus the four-analyst average estimate of $701.52 million. The reported number represents a year-over-year change of -21.8%.
Net Revenues- Global Banking & Markets- Other: $322 million compared to the $241.25 million average estimate based on four analysts. The reported number represents a change of +28.8% year over year.
Net Revenues- Global Banking & Markets- Equities: $6.44 billion compared to the $4.96 billion average estimate based on four analysts. The reported number represents a change of +72.4% year over year.
Net Revenues- Global Banking & Markets- Total: $13.46 billion versus $11.69 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +33.1% change.
Net Revenues- Global Banking & Markets- Investment banking fees: $3.22 billion versus $2.76 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.3% change.
Net Revenues- Platform Solutions- Total: $170 million versus the four-analyst average estimate of $213 million. The reported number represents a year-over-year change of -74.6%.
Net Revenues- Asset & Wealth Management- Total: $5.05 billion compared to the $4.49 billion average estimate based on four analysts. The reported number represents a change of +14.8% year over year.
Shares of Goldman have returned -9.6% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Goldman (GS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Goldman Sachs (GS - Free Report) reported $18.68 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 23%. EPS of $17.01 for the same period compares to $12.25 a year ago.
The reported revenue represents a surprise of +10.75% over the Zacks Consensus Estimate of $16.87 billion. With the consensus EPS estimate being $12.90, the EPS surprise was +31.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Goldman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Goldman here>>>
Shares of Goldman have returned -9.6% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.