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Q3 Net Earnings, AuM Rise At Goldman Sachs
Tom Burroughes
17 October 2012
Goldman Sachs has reported net revenues of $8.35 billion and
net earnings of $1.51 billion for the third quarter,
compared with $1.09 billion and $962 million for the previous quarter,
respectively, it said yesterday. The Wall Street form logged diluted earnings per common
share of $2.85 compared with a diluted loss per common share of $0.84 for the
third quarter of 2011 and diluted earnings per common share of $1.78 for the
second quarter of 2012. The firm had total assets under management of $856 billion
at September 30, up from $836 billion at the end of June and up from $821
billion a year ago. In the latest quarter, there were total net outflows of $1
billion; within that mix, there were $3 billion in outflows from alternative
assets, $1 billion of outflows from equities, but $5 billion of inflows to
fixed income, Goldman Sachs reported.