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Goldman Sachs Beats Third Quarter Estimates, Puts Up Strong Economic Returns

publication date: Oct 16, 2024
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Image: Goldman Sachs’ shares have done well the past couple years. 

Goldman Sachs continues to generate value for shareholders. Annualized return on average common shareholder equity [ROE] was 10.4% for the third quarter of 2024 and 12.0% for the first nine months of 2024. We liked Goldman’s revenue growth in the quarter, and the company continues to put up double-digit economic returns. Shares trade at 1.6x book value, so we’re not viewing them as cheap at this time. Shares yield 2.3%.


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