Goldman Sachs Group

F500 2019-Goldman Sachs
The headquarters of Goldman Sachs is pictured on April 17, 2019 in New York City. (Photo by Johannes EISELE / AFP) (Photo credit should read JOHANNES EISELE/AFP/Getty Images)Johannes Eisele—AFP/Getty Images
  • Previous Rank
    70
  • Revenues ($M)
    52528.0
  • Revenue Percent Change
    24.3
  • Profits ($M)
    10459.0
  • Profits Percent Change
    144.0
  • Assets ($M)
    931796.0
  • Employees
    36600

What will Goldman Sachs become? That is the question on Wall Street as the investment giant transitions leadership–and broadens its strategy. At the helm since late 2018: David Solomon, who has earned repute not just as a finance executive but as a DJ and an Instagram user. “I needed a more modern way to communicate with a workforce that is 75% millennial (and Gen Z),” Solomon explained in reference to his social media usage at the Milken Conference. This new public image makes sense as the bank forays into a new area: consumer banking. In past years, much of Goldman’s revenue came from its fixed income trading division. Now, as that division flags, the bank is seeking steadier revenue sources such as from deposits and a credit card partnership with Apple. A robust stock market and deal flow meanwhile boosted the bank’s businesses across the board, with its investment management division revenues rising 13% to $7 billion, and equities group up 15% to $7.6 billion.

Company Info

CEODavid M. Solomon
CEO TitleChairman & Chief Executive Officer
SectorFinancials
IndustryCommercial Banks
HQ LocationNew York, N.Y.
Websitewww.goldmansachs.com
Years on Fortune 500 List20
Employees36,600

Key Financials (Last Fiscal Year)

Revenues ($M)$52,528
Profits ($M)$10,459
Assets ($M)$931,796
Total Stockholder Equity ($M)$90,185

Profit Ratios

Profit as % of Revenues19.9%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity11.6%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)25
EPS % Change (from 2017)180.5%
EPS % Change (5 year annual rate)10.3%
EPS % Change (10 year annual rate)18.9%

Total Return

Total Return to Investors (2018)-33.4%
Total Return to Investors (5 year, annualized)0.2%
Total Return to Investors (10 year, annualized)8.5%