Goldman Sachs' Q3 2024 earnings surged, with a net income of $2.99 billion and a net margin of 25.64%, primarily due to strong performance in its investment banking and asset management segments1:
- Investment Banking Segment: The investment banking segment benefited from deal activity, particularly in the United States, which remained robust. This was reflected in the significant earnings contribution from investment banking revenues, which underscore the segment's strong performance.
- Asset Management Segment: The asset management segment experienced increased revenue growth, driven by higher asset management fees and performance-based revenues. This was a result of strong client demand for investment products and services, which led to increased asset management fees and performance-based revenues.
Overall, the surge in earnings can be attributed to the combined strength of the investment banking and asset management segments, which collectively contributed to Goldman Sachs' robust financial performance in Q3 2024.
3/28/2025 07:19am
