The Goldman Sachs Group, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2016
January 18, 2017 at 06:10 pm IST
The Goldman Sachs Group, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2016. For the quarter, the company reported net interest income of $336 million, pre-tax earnings of $3,397 million, net earnings applicable to common shareholders of $2,153 million, diluted earnings per common share of $5.08 compared to the net interest income of $700 million, pre-tax earnings of $1,072 million, net earnings applicable to common shareholders of $574 million, diluted earnings per common share of $1.27 for the same quarter a year ago. Annualized ROE was 11.4% for the fourth quarter of 2016.
For the year, the company reported net interest income of $2,587 million, pre-tax earnings of $10,304 million, net earnings applicable to common shareholders of $7,087 million, diluted earnings per common share of $16.29 compared to the net interest income of $3,064 million, pre-tax earnings of $8,778 million, net earnings applicable to common shareholders of $5,568 million, diluted earnings per common share of $12.14 for the previous year. Book value per common share increased by 6.7% during the year to $182.47. Return on average common shareholders' equity (ROE) was 9.4% for 2016.