高盛 Goldman Sachs Group Inc. (GS) 2024年年度报告「NYSE」（英文版）（267页）.pdf

1、Annual Report2024THE GOLDMAN SACHS GROUP,INC.1In my last letter,I wrote that 2023 was a year of execution,where we made important progress on our strategy and put the firm in a stronger position going forward.I am pleased to report that in 2024,we saw the benefits of our continued investment in our

2、franchise and our people,which helped us serve our clients with excellence and deliver strong results for shareholders.In 2024,we increased our net revenues by 16 percent year-over-year to$53.5billion;we grew our earnings per share by 77 percent to$40.54;we improved our return on equity(ROE)by over

3、500 basis points to 12.7 percent;we improved our efficiency ratio by 11.5percentage points to 63.1 percent;and we generated total shareholder return1 of 52 percent.We have two world-class,interconnected franchises:Global Banking&Markets(GBM),which comprises leading Investment banking,FICC and Equiti

4、es franchises,2 and Asset&Wealth Management(AWM),a leading global active asset manager with a top 5 alternatives business3 anda premier ultrahigh net worth wealth management franchise.Both are well positioned tocontinue to serve our clients and capture the improving opportunity set.Fellow shareholde

5、rs:ANNUAL REPORT 2024LETTER TO SHAREHOLDERSDenis Coleman Chief Financial OfficerDavid SolomonChairman and Chief Executive OfficerJohn WaldronPresident and Chief Operating Officer3In a dynamic operating environment,it is important that we remain focused on helping our clients advance their strategic

6、objectives and solve their most consequential problems.Across GBM,we are advising our clients on transformational strategic transactions,providing them access to financing to fund growth and innovation,and helping them manage volatility by intermediating risk.At the same time,in AWM,our clients cont