Goldman Sachs just reported of their latest quarterly numbers and you need to hear about it. What's going on, Apes, welcome to the five-minute peel with Wall Street Oasis. Today we are breaking down everything and anything related to Goldman Sachs in their latest earnings report for the first quarter of 2024. Now we got the party kick started last week with JPMorgan, Wells Fargo City Group, all reporting their numbers for the first quarter of this year as well. The market completely threw up. Those banks absolutely shit the bad, but Goldman managed to put a smile on shareholder's faces. So let's go ahead and find out exactly why. You apes know how this goes already. Let me go ahead and get my trusty Word document pulled up and we can start to break these numbers down. Keep in mind, apes, when we're talking about earnings reports, we're not assessing the company

in its entirety.

We're just talking about the most important numbers and trends that we picked up on in their

latest numbers and in the release that they published here.

So most important thing we want to focus on first is how the company performed against

expectations.

They're expected to have EPS or earnings per share about $8.56 and revenue of $12.92 billion.

They smoked those expectations with EPS coming in nearly 36% above what those expectations were at $11.58 per share.

Revenue destroyed estimates as well, beating by about 10% of $14.21 billion.

For context, JP Morgan, they beat on the EPS side by about 8%.

And on the revenue side by 4%.

So Goldman is completely dominating expectations,

especially in relation to the banks that reported last week.

Now, if you scroll down, we can start to see exactly why that is solid revenue growth of

about 16.27%.

One of the most important line items there, however, was going to be

this global banking and market segment. This hit 2.08 billion grew nearly 32% for the year.

And that is huge for Goldman as well, because this is where they earn those investment banking fees.

And Goldman completely dominated the M&A market in the first quarter. They were number one in

total deals that they were involved in and in total value of those deals for the entire globe. So very solid quarter for the douchebags at Goldman Sachs. This was also a huge sign of the turnaround strategy that the company is employing. They, you know, after the pandemic, they started to shift more towards Main Street. They were trying to get average every day. Poor loser consumers like you and me to go and use their markets platform. They have basically since shut down that entire business, or they're scaling it back dramatically. They don't refocusing once again on Wall Street, and it seems to be working out well for them, at least so far this quarter. Now, if we take a look at FIP, which is fixed income currencies and commodities, we can say this grew about 10%. This is kind of a trading business. And city group is very similar business. So they're kind of like competitor to this line item at City. Actually, so revenue fall 10% for the first quarter. So basically what Goldman did is take a little walk down the street over to city's offices and completely just eat their lunch right off the table in front of them. So very good job once again by the douchebags

employed by David Solomon. All right. Then the asset and wealth management division revenue

came in at about $3.8 billion. Very sizable growth at about 18%. But this was actually hugely

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