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The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $3.59 billion and a net loss of $393 million for the third quarter ended September 30, 2011. The diluted loss per common share was $0.84 compared with diluted earnings per common share of $2.98 for the third quarter of 2010 and $1.85 for the second quarter of 2011.
Annualized return on average common shareholders’ equity (ROE) was 3.7% for the first ninemonths of 2011. Excluding the preferred dividend of $1.64 billion related to the redemption of the firm’s Series G Preferred Stock in the first quarter of 2011, annualized ROE was 6.0% for the first nine months of 2011.
Highlights
- Goldman Sachs continued to rank first in worldwide announced mergers and acquisitions for the year-to-date.
- The firm continued its leadership in equity underwriting, ranking first in worldwide equity and equity-related offerings, common stock offerings and initial public offerings for the year-to date.
- The firm’s global core excess liquidity averaged $164 billion for the third quarter of 2011, unchanged compared with the average for the second quarter of 2011.
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