Goldman Sachs' Net Profit in 2024 Surges by 158%, Investment Banking and Proprietary Business Experience Negative Growth

According to the 2024 financial report of Goldman Sachs Securities disclosed on the official website of the China Securities Industry Association, the company achieved revenue of 1.841 billion yuan during the reporting period, an increase of 20% compared to 2023, with a net profit of 498 million yuan, an increase of 158% compared to 2023. Looking at the breakdown, in 2024, both the investment banking and proprietary trading businesses of Goldman Sachs Securities saw a decrease. Specifically, Goldman Sachs Securities achieved a net revenue of 871 million yuan from brokerage fees, a year-on-year increase of 57.03%; net revenue from investment banking business was 4.775 million yuan, a year-on-year decrease of 96.91%; net revenue from investment consulting business was 5.967 million yuan, a year-on-year increase of 4%; net interest income was 51.5129 million yuan, a year-on-year increase of 151%; and revenue from proprietary trading was 71.2624 million yuan, a year-on-year decrease of 56%.