Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — The Goldman Sachs Group — FY2022 Earnings Presentation
14 slides from Goldman Sachs Group, Inc. (the)'s earnings presentation, Jan 17, 2023
Slide 1: Full Year and Fourth Quarter 2022 Earnings Results Presentation
Full Year and Fourth Quarter 2022 Earnings Results Presentation January 17, 2023
Slide 2: Results Snapshot
Results Snapshot Net Revenues Net Earnings EPS 2022 $47.37 billion 2022 $11.26 billion 2022 $30.06 4Q22 $10.59 billion 4Q22 $1.33 billion 4Q22 $3.32 ROE1 ROTE1 Book Value Per Share 2022 10.2% 2022 11.0% 2022 $303.55 4Q22 4.4% 4Q22 4.8% 2022 Growth 6.7% Annual Highlights 2nd highest firmwide net reve
Slide 3: Financial Overview
Financial Overview Financial Results Financial Overview Highlights 4Q22 results included EPS of $3.32 and ROE of 4.4% $ in millions, vs. vs. vs. — 4Q22 net revenues were lower YoY, reflecting significantly lower net revenues in Asset & except per share amounts 4Q22 3Q22 4Q21 2022 2021 Wealth Manag
Slide 4: Global Banking & Markets
Global Banking & Markets Financial Results Global Banking & Markets Highlights 4Q22 net revenues were lower YoY compared to a strong 4Q21 vs. vs. vs. — Investment banking fees reflected significantly lower net revenues in both Equity and Debt $ in millions 4Q22 3Q22 4Q21 2022 2021 underwriting and
Slide 5: Global Banking & Markets – Net Revenues
Global Banking & Markets – Net Revenues Net Revenues Global Banking & Markets Net Revenues Highlights 4Q22 Investment banking fees were significantly lower YoY compared to a record 4Q21 vs. vs. vs. — Advisory net revenues reflected a significant decline in industry-wide completed mergers and $ in
Slide 6: Asset & Wealth Management
Asset & Wealth Management Financial Results Asset & Wealth Management Highlights 4Q22 net revenues were significantly lower YoY, primarily reflecting significantly lower net vs. vs. vs. revenues in Equity investments and Debt investments $ in millions 4Q22 3Q22 4Q21 2022 2021 — Management and othe
Slide 7: Assets Under Supervision
Assets Under Supervision AUS Rollforward3,4 AUS Highlights3,4 During the year, AUS increased $77 billion to a record $2.55 trillion $ in billions 4Q22 3Q22 4Q21 2022 2021 — Net inflows from acquisitions / (dispositions) of $316 billion, substantially all from the Beginning balance $ 2,427 $ 2,495
Slide 8: Asset & Wealth Management – Alternative Investments
Asset & Wealth Management – Alternative Investments Alternative Investments AUS and Effective Fees Alternative Investments Highlights4 2022 Management and other fees from alternative investments were $1.85 billion (including $492 4Q22 million in 4Q22), up 27% from 2021 $ in billions Average AUS Ef
Slide 9: Platform Solutions
Platform Solutions Financial Results Platform Solutions Highlights 4Q22 net revenues were significantly higher YoY vs. vs. vs. — Consumer platforms net revenues primarily reflected significantly higher credit card balances $ in millions 4Q22 3Q22 4Q21 2022 2021 — Transaction banking and other net
Slide 10: Net Interest Income and Loans
Net Interest Income and Loans Loans by Segment4 ($ in billions) Loans by Type4 Metrics $ in billions 4Q22 3Q22 4Q21 Corporate $ 40 $ 40 $ 37 $179 $177 $158 Commercial real estate 29 30 29 3.2% $15 $13 $7 ALLL to Total Gross Loans, at Residential real estate 23 24 25 Amortized Cost $56 $57 $57 Securi
Slide 11: Expenses
Expenses Financial Results Expense Highlights 2022 total operating expenses decreased slightly YoY vs. vs. vs. — Compensation and benefits expenses down 15%, reflecting a decline in operating $ in millions 4Q22 3Q22 4Q21 2022 2021 performance compared with a strong 2021 Compensation and benefits $
Slide 12: Capital and Balance Sheet
Capital and Balance Sheet Capital3,4 Capital and Balance Sheet Highlights Standardized CET1 capital ratio increased YoY 4Q22 3Q22 4Q21 — Decrease in credit RWAs and an increase in CET1 capital, reflecting net earnings in excess of share repurchases and dividends, partially offset by an increase in
Slide 13: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current con
Slide 14: Footnotes
Footnotes 1. Return on average common shareholders’ equity (ROE) is calculated by dividing net earnings (or annualized net earnings for annualized ROE) applicable to common shareholders by average monthly common shareholders’ equity. Return on average tangible common shareholders’ equity (ROTE) is c
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