Post-Earnings Scrutiny - Goldman Sachs

LONDON, May 6, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free post-earnings review on The Goldman Sachs Group Inc. (NYSE: GS). On April 16, 2015, the company reported its financial results for Q1 FY15 (period ended March 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Goldman%20Sachs&d=06-May-2015&s=GS to read our free earnings review on The Goldman Sachs Group Inc. (Goldman Sachs). During Q1 FY15, the company's total net revenues grew 14% Y-o-Y. Further, the company's net earnings and earnings per diluted common share surged 40% Y-o-Y and 48% Y-o-Y, respectively, in the reported quarter. Chairman and CEO of Goldman Sachs, Lloyd C. Blankfein, expressed his pleasure over the company's Q1 FY15 results and the fact that all of Goldman Sachs' major businesses contributed. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Goldman%20Sachs&d=06-May-2015&s=GS

Earnings Overview 

During Q1 FY15, Goldman Sachs' total net revenues were $10.62 billion, the highest quarterly result in four years, compared to total net revenues of $9.33 billion in Q1 FY14. The company's total net revenues during the reported quarter outperformed Bloomberg analysts' forecast of $9.31 billion. Further, net interest income for Q1 FY15 came in at $859 million compared to $1.04 billion in Q1 FY14.

For Q1 FY15, Goldman Sachs' net revenues from Institutional Client Services were $5.46 billion, up 23% from net revenues of $4.45 billion in Q1 FY14. The company's Investing & Lending net revenues for Q1 FY15 improved 9% to $1.67 billion from $1.53 billion in Q1 FY14. Further, Investment Management's net revenues came in at $1.58 billion in Q1 FY15 compared to $1.57 billion in Q1 FY14. Free research on GS can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Goldman%20Sachs&d=06-May-2015&s=GS

In Q1 FY15, Goldman Sachs' total operating expenses increased 6% to $6.68 billion from $6.31 billion in Q1 FY14. Furthermore, the company's net earnings surged to $2.84 billion, or $5.94 per diluted share, in Q1 FY15 from $2.03 billion, or $4.02 per diluted share, in Q1 FY14. Analysts from Bloomberg had expected the company to report net income of $1.94 billion, or $4.21 per diluted share, in Q1 FY15.

Goldman Sachs ranked first in worldwide announced and completed mergers and acquisitions for the year-to-date, and also ranked first in worldwide equity and equity-related offerings and common stock offerings for the year-to-date.

As of March 31, 2015, Goldman Sachs' Standardized Common Equity Tier 1 ratio was 11.4% and Basel III Advanced Common Equity Tier 1 ratio was 12.6%, in each case reflecting the applicable transitional provisions. Further, the company's book value per common share and tangible book value per common share as of March 31, 2015 were $168.39 and $159.11, respectively. Sign up and read the free analyst's notes on GS at:

http://get.Investor-Edge.com/pdf/?c=Goldman%20Sachs&d=06-May-2015&s=GS

Goldman Sachs repurchased a total of 6.8 million shares of its common stock, at an average cost of $185.18 per share, and for a total cost of $1.25 billion during Q1 FY15. Under the company's existing repurchase program, the remaining share authorization is 18.6 million shares.

On April 15, 2015, the company's Board of Directors announced that its quarterly dividend has been raised to $0.65 per common share from $0.60 per common share. The quarterly dividend will be paid on June 29, 2015 to all common shareholders of record on June 01, 2015. Visit Investor-Edge and access the latest research on GS at:

http://get.Investor-Edge.com/pdf/?c=Goldman%20Sachs&d=06-May-2015&s=GS

Stock Performance 

On the day of the earnings release, April 16, 2015, Goldman Sachs' stock edged 0.44% lower to end the session at $200.21. Since then, the stock has moved both ways with losses outperforming gains. On the last close, Tuesday, May 05, 2015, the company's shares finished at $197.29, down 1.01%, after vacillating between $196.72 and $200.39. A total of 2.29 million shares were traded which was below their three months average volume of 2.47 million shares. Over the last one month and over the past three months, the company's shares have gained 3.00% and 9.14%, respectively. Further, the stock has advanced 1.79% since the beginning of 2015. Furthermore, the stock traded at a PE ratio of 9.87.  

Sneak Peek to Corporate Insider Trading  

In the last one month, there were 10 insider transactions made by 4 individuals. Between April 17, 2015 and April 23, 2015, a total of 258,058 shares were bought at an average price of $112.94 per share and for a total value of $29.15 million. During the same period, a total of 267,386 shares, worth $53.16 million, were disposed at an average price of $198.83 per share. The following are some of the abovementioned transactions: Executive Vice President and CFO at Goldman Sachs, Harvey M. Schwartz, purchased 91,285 shares at an average price of $78.78 per share and disposed an equal number of shares at an average price $197.05 per share; Vice Chairman at Goldman Sachs, John S. Weinberg, bought 91,381 shares at an average price of $131.64 per share and sold an equal number of shares at an average price of $200.17 per share; Vice Chairman at Goldman Sachs, Michael S. Sherwood, purchased 75,392 shares at an average price of $131.64 per share and disposed an equal number of shares at an average price of $199.21 per share. Complimentary in-depth research on GS is available at:

http://get.Investor-Edge.com/pdf/?c=Goldman%20Sachs&d=06-May-2015&s=GS

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