Goldman Sachs

The Goldman Sachs Group, Inc.
Company typePublic
ISINUS38141G1040
IndustryFinancial services
Founded1869 (1869)
Founders
Headquarters200 West Street,
New York City, New York
,
U.S.
Area served
Worldwide
Key people
Services
RevenueDecrease US$46.25 billion (2023)
Decrease US$10.74 billion (2023)
Decrease US$8.52 billion (2023)
AUMIncrease US$2.81 trillion (2023)
Total assetsIncrease US$1.64 trillion (2023)
Total equityDecrease US$117 billion (2023)
Number of employees
45,300 (2023)
Subsidiaries
Capital ratioTier 1 15.0% (2022; Basel III Advanced)
Rating
Websitegoldmansachs.com
Footnotes / references
[1]
Major Goldman Sachs offices

The Goldman Sachs Group, Inc. (/sæks/ SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers.[1] Goldman Sachs is the second largest investment bank in the world by revenue[2] and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue.[3] In Forbes Global 2000 2023, Goldman Sachs ranked 34th.[4] It is considered a systemically important financial institution by the Financial Stability Board.

Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management as well as wealth management and investment management via Goldman Sachs Personal Financial Management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and tailor-made financial products. It also owns Goldman Sachs Bank USA, a direct bank. It trades both on behalf of its clients (flow trading) and for its own account (proprietary trading). The company invests in and arranges financing for startups, and in many cases gets additional business as bookrunner when the companies launch initial public offerings.[5] It is one of over 100 strategic partners of the World Economic Forum.[6]

The firm maintains offices in all major financial centers around the world, whilst its most important locations are New York and London. The firm is led by a board of directors, reporting to Chief Executive David Solomon. Firm leadership also consists of a separate management committee, responsible for key strategy, policy and management matters across all of Goldman Sachs’ businesses.

  1. ^ a b "The Goldman Sachs Group, Inc. 2023 Annual Report Form 10-K". U.S. Securities and Exchange Commission. February 23, 2024. Retrieved February 23, 2024.
  2. ^ "Leading banks worldwide, by revenue from investment banking". Statista. Archived from the original on March 30, 2018. Retrieved March 29, 2018.
  3. ^ "Fortune 500 Companies: Goldman Sachs". Fortune. Archived from the original on June 2, 2020. Retrieved January 17, 2022.
  4. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  5. ^ Rudegeair, Peter (May 20, 2021). "Goldman Sachs Wants to Charm Startups. It Won't Be Easy". The Wall Street Journal. Archived from the original on January 23, 2022. Retrieved January 23, 2022.
  6. ^ "Goldman Sachs". World Economic Forum. Archived from the original on July 23, 2022. Retrieved September 17, 2022.

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