Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
The Goldman Sachs Group, Inc.
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==== Segment Operating Results ==== {| class="wikitable" |+ ! ! colspan="3" |Year Ended December |- !$ in millions !2022 !2021 !2020 |- ! colspan="4" |Global Banking & Markets |- |Net revenues |$32,487 |$36,734 |$30,469 |- |Provision for credit losses |468 |(171) |1,216 |- |Operating expenses |17,851 |19,542 |18,884 |- |Pre-tax earnings |$14,168 |$17,363 |$10,369 |- |Net earnings to common |$11,458 |$13,535 |$7,428 |- |Average common equity |$69,951 |$60,064 |$54,749 |- |Return on average common equity |16.4% |22.5% |13.6% |- ! colspan="4" |Asset & Wealth Management |- |Net revenues |13,376 |21,965 |13,757 |- |Provision for credit losses |519 |(169) |1,395 |- |Operating expenses |11,550 |11,406 |9,469 |- |Pre-tax earnings |1,307 |10,728 |2,893 |- |Net earnings to common |979 |8,459 |2,083 |- |Average common equity |31,762 |29,988 |24,963 |- |Return on average common equity |3.1% |28.2% |8.3% |- ! colspan="4" |Platform Solutions |- |Net revenues |1,502 |640 |$334 |- |Provision for credit losses |1,728 |697 |487 |- |Operating expenses |1,763 |990 |630 |- |Pre-tax earnings/(loss) |(1,989) |(1,047) |$(783) |- |Net earnings/(loss) to common |(1,673) |(843) |$(596) |- |Average common equity |3,574 |1,777 |$864 |- |Return on average common equity |(46.8)% |(47.4)% |(69.0)% |- ! colspan="4" |Total |- |Net revenues |47,365 |59,339 |$44,560 |- |Provision for credit losses |2,715 |357 |3,098 |- |Operating expenses |31,164 |31,938 |28,983 |- |Pre-tax earnings |13,486 |27,044 |$12,479 |- |Net earnings to common |10,764 |21,151 |$8,915 |- |Average common equity |105,287 |91,829 |$80,576 |- |Return on average common equity |10.2% |23.0% |11.1% |} '''DCF Model''' [[File:DCF .png|left|thumb|1135x1135px|DCF including 5 years of future forecasting]] {| class="wikitable" | colspan="7" |Sensitivity Table |- | | | | | | | |- | | | colspan="5" |Growth Rate |- | |446.36 |10.90% |11.40% |11.90% |12.40% |12.90% |- | rowspan="5" |WACC |4.50% |446.36 |446.36 |446.36 |446.36 |446.36 |- |5.00% |446.36 |446.36 |446.36 |446.36 |446.36 |- |5.50% |446.36 |446.36 |446.36 |446.36 |446.36 |- |6.00% |446.36 |446.36 |446.36 |446.36 |446.36 |- |6.50% |446.36 |446.36 |446.36 |446.36 |446.36 |} The fair value for Goldman's share price is approximately $446.36. Goldman's current share price is $354.51 therefore Goldman is 26% undervalued by the market.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)