The Goldman Sachs Group, Inc. (/sæks/ SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. It is the second-largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 2023, Goldman Sachs ranked 34th. The Financial Stability Board considers it a systemically important financial institution.
Services
Goldman Sachs offers a wide range of services including:
- Investment Banking: Advisory for mergers and acquisitions and restructuring.
- Securities Underwriting: Assisting clients in raising funds.
- Prime Brokerage: Providing services to hedge funds and other large institutional clients.
- Asset and Wealth Management: Through Goldman Sachs Personal Financial Management.
- Market Making: For various financial products.
- Clearing and Custodian Bank Services
- Private Equity and Hedge Funds: Managing investments.
- Direct Banking: Through Goldman Sachs Bank USA.
- Proprietary Trading: Trading for the firm’s own account.
- Startup Financing and IPO Arrangements: Investing in and arranging financing for startups.
The firm is also a strategic partner of the World Economic Forum and maintains offices in all major financial centers globally, with key locations in New York and London. Goldman Sachs is led by a board of directors and a management committee reporting to chairman and CEO David Solomon.
Market Capitalization of Goldman Sachs (GS)
- Market Cap as of May 2024: $149.79 billion
- This makes Goldman Sachs the world’s 92nd most valuable company by market cap.
- Market capitalization, or market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure a company’s worth.
Revenue for Goldman Sachs (GS)
- Revenue in 2023 (TTM): $46.25 billion
- Revenue in 2022: $47.36 billion
- Revenue in 2021: $59.33 billion
Revenue represents the total income generated from the sale of goods or services without deducting expenses.
Earnings for Goldman Sachs (GS)
- Earnings in 2023 (TTM): $10.73 billion
- Earnings in 2022: $13.48 billion
- Earnings in 2021: $27.04 billion
The earnings displayed are the company’s pretax income.
Stock Price History for Goldman Sachs (GS)
- Highest End of Day Price: $466.09 USD on May 15, 2024
- Lowest End of Day Price: $52.00 USD on November 20, 2008
P/E Ratio for Goldman Sachs (GS)
- P/E Ratio as of May 2024 (TTM): 22.3
- At the end of 2022, the P/E ratio was 11.3.
- The price-to-earnings (P/E) ratio measures the company’s current share price relative to its per-share earnings.
P/S Ratio for Goldman Sachs (GS)
- P/S Ratio as of May 2024 (TTM): 3.24
- At the end of 2023, the P/S ratio was 2.72.
- The price-to-sales (P/S) ratio compares the company’s stock price to its revenue.
Total Assets for Goldman Sachs (GS)
- As of December 2023: $1.641 trillion
- Total assets include all current and non-current assets, such as inventories, cash and cash equivalents, properties, and equipment.
Number of Shares Outstanding for Goldman Sachs (GS)
- As of May 2024: 335,700,000 shares
- The number of outstanding shares can be influenced by stock splits and share buybacks.
This detailed overview of Goldman Sachs Group, Inc. provides comprehensive insights into the firm’s market position, financial performance, and historical background, useful for investors and financial analysts.
