Cautionary Word on Ahead-Trying Statements
Immediately’s remarks embrace forward-looking statements. These statements should not historic info, however as an alternative characterize solely the agency’s beliefs concerning future occasions, lots of which, by their nature, are inherently unsure and out of doors of the agency’s management. Ahead-looking statements embrace statements about potential income and progress alternatives, together with the timing, profitability, advantages and different potential features of enterprise initiatives (together with financing exercise, M&A exercise, projected fundraising, AUM and associated profitability of our Asset & Wealth Administration (AWM) enterprise, introduced and potential acquisitions, and our means to promote Asset & Wealth Administration historic principal investments) and the achievability of medium- and long-term targets and objectives, together with expense administration and productiveness enhancements, the alternatives offered by AI, estimated GDP progress or contraction, rate of interest and inflation developments and volatility and the impacts of commerce coverage, the long run state of the agency’s liquidity and regulatory capital ratios (together with the agency’s G-SIB buffer and the affect of potential adjustments within the regulatory capital necessities relevant to us ensuing from adjustments in laws), the agency’s potential capital distributions (together with dividends and repurchases), adjustments in different laws, and the agency’s Funding banking charges backlog and future outcomes. It’s potential that the agency’s precise outcomes, together with the incremental revenues, if any, from such alternatives, and monetary situation, might differ, presumably materially, from the anticipated outcomes, monetary situation and incremental revenues indicated in these forward-looking statements.
Statements about our income and progress alternatives, together with the timing, profitability, advantages and different potential features of enterprise initiatives, together with expense administration and productiveness initiatives, introduced and potential acquisitions, the alternatives offered by AI, and the achievability of medium- and long-term targets and objectives are topic to the danger that the agency’s companies could also be unable to generate extra incremental revenues or reap the benefits of progress alternatives and that we might not have the ability to implement the enterprise initiatives (together with our means to attain anticipated advantages from introduced and potential acquisitions and to promote AWM historic principal investments) on the phrases or in any other case as we presently count on. Statements about macroeconomic components are topic to the danger that precise situations might differ, presumably materially, because of, amongst different issues, adjustments normally financial situations and financial, fiscal and commerce insurance policies. Statements concerning the future state of the agency’s regulatory capital ratios and distributions are topic to the danger that the agency’s precise ratios and distributions might differ, presumably materially, from what’s presently anticipated. Statements about adjustments in laws are topic to the danger that laws might not change as presently anticipated. For a dialogue of a number of the dangers and vital components that would have an effect on the agency’s future outcomes and monetary situation, see “Threat Elements” in our Annual Report on Type 10-Okay for the 12 months ended December 31, 2024. You must also learn the forward-looking disclaimers in our Type 10-Q for the interval ended September 30, 2025 and data on the calculation of non-GAAP monetary measures that’s posted on the Investor Relations portion of our web site: www.gs.com.
These remarks are present solely as of their date, December 9, 2025.
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