$GS - GOLDMAN SACHS (GS) Q1 RESULTS 🔸 Revenue: $15.06B (+6% y/y, beat $14.76B est.) 🔸 EPS: $14.12 (vs. $11.58 y/y) 🔸 FICC trading: $4.40B (miss $4.47B est.) 🔸 Equities trading: $4.19B (beat $3.8B est.) 🔸 Global Banking & Markets: $10.71B (+10% y/y, beat $10.42B est.) 🔸 Investment banking: $1.92B (-8.1% y/y, miss $2.03B est.) 🔸 Advisory: $792M (-22% y/y, miss $910M est.) 🔸 Equity underwriting: $370M (in line) 🔸 Debt underwriting: $752M (+7.6% y/y, beat $699M est.) 🔸 Net interest income: $2.90B (beat $2.28B est.) 🔸 Platform Solutions earnings: +$25M (vs. est. -$106M) 🔸 Deposits: $471B (+8.8% q/q) 🔸 Provision for credit losses: $287M (better than $410M est.) 🔸 Operating expenses: $9.13B (+5.4% y/y, in line) 🔸 Compensation: $4.88B (+6.3% y/y) 🔸 ROE: 16.9% (beat 14.9% est.) 🔸 ROTE: 18% (beat 16.1% est.) 🔸 CET1 ratio: 14.8% (slight miss vs. 15% est.) 🔸 Book value/share: $344.20 (up from $321.10 y/y) 🔸 Efficiency ratio: 60.6% (better vs. 61.6% est.) 🔸 AUM: $3.17T (+11% y/y, beat $3.15T est.) 🔸 Net inflows: $24B (vs. $15B outflows y/y, miss $34B est.) 🔸 Loans: $210B (beat $197.6B est.)