What impacted GS's Q2 2024 earnings?

Goldman Sachs' Q2 2024 earnings were positively impacted by several key factors:

1. Record Base Management Fees and Trading Revenue: Goldman Sachs reported strong Q2 2024 earnings with record base management fees and trading revenue. This indicates a successful performance in its core banking and trading operations.
2. Earnings Per Share (EPS) Outperformance: The company's EPS for Q2 outperformed expectations by 30 cents, reflecting efficient management and a robust profitability model. This outperformance is a testament to Goldman Sachs' strong operational efficiency and market positioning.
3. Net Income Growth: Despite a slight increase in net income growth rate from the previous year, the company's net income for the quarter was $3.04 billion, indicating a healthy financial performance. This growth is a positive signal for the bank's ability to generate earnings from its various business segments.
4. Revenue Growth: Total revenue for the quarter was $12.73 billion, which, when compared to the previous year, shows a positive growth trajectory. This increase in revenue is a direct result of Goldman Sachs' successful business operations and market activities.
5. Return on Equity (ROE) Improvement: The annualized ROE for the second quarter of 2024 was 10.9%, reflecting the bank's effective use of shareholders' equity to generate profits. An ROE of 10.9% is a strong indicator of the bank's financial health and profitability.

In conclusion, Goldman Sachs' Q2 2024 earnings were significantly impacted by record base management fees, trading revenue, and strong earnings per share, along with overall revenue and net income growth, and improved return on equity. These factors combined to deliver a robust financial performance for the bank during the quarter.