Goldman本季度表现炸裂：每股收益17美元，预期为13.65美元，股票业务营收增长72%，顾问费创纪录，且没有正在进行中的CEO继任交接。但该股高开4%后收于当日低点——这不是你想看到的，不过也只是一天而已。
逐段跳播
我们来说说 Goldman，因为那是一次大爆发。每股 17 美元，而预期是 13，13.65 美元。营收是史上第二高的单季营收，达到 186.8 亿美元。股票业务营收增长 72%，股票融资创下纪录，增长 96%。
顾问费 17 亿美元，又一个纪录。呃，他们似乎在各条线上都碾压一切。
let's do Goldman because that was a blowout. $17 a share versus 13 $13.65 expected. Revenue was its second highest quarterly revenue number ever at 18 spot 68 billion. Equities revenue was up 72% and equity financing hit a record up 96%.
Advisory fees 1.7 billion, another record. Um, they just seem to be crushing it all across the board.
首先，我讨厌这只股票的反应。我进入财报季时对银行股是乐观的，因为我觉得局面还可以。我觉得至少从股价来看，预期是相当不错的。
First of all, I hate the stock reaction. Like I I was optimistic on banks going into earnings because I thought the setup was okay. I thought the expectations at least based on the stock price was was pretty damn good.
呃，两位分析师，两位不同的分析师问到了 CEO 继任问题。是的。他两次表示，目前没有正在进行的继任过渡或时间表，意思是在银行内部这甚至都不是一个讨论的话题，我确信其实是有的，但这不是他们现在积极担心的事。
Uh two analy two different analysts asked about CEO succession. Yes. and he said twice there is no succession transition or timeline currently underway like it's not meaning like it's not even a conversation internally at the bank and I'm sure it is but it's not something that they're actively worried about right now.
我觉得这是个有意思的问题。他们说业绩里有没有什么不寻常的地方，尤其是跟情境意识有关的，还有那个爆仓的对冲基金，Solomon 问，跟 CFO 说，我不，Dennis，我不这么认为，对吧，然后说没有，没有不寻常的项目，就是一个了不起的季度。
I thought this was an interesting question. They said anything unusual in the results particularly like as it relates to situational awareness and uh the blown up hedge fun and Solomon asked said to the CFO I don't Dennis I don't think so right and said no there was no no unusual items it was just a hell of a quarter
所以总之，这只股票高开了，我记得是 4%，然后收在当日低点。听着，这才一天，我不想过度解读，但这不算好，不是你想看到的。
so anyway the stock gapped up I think 4% and closed on the lows of the day listen it's one day I don't want to make too much of it but it's not not awesome it's not what you want to see
他们问到了更高的利率是否会扼杀 AI 支出，他重申 Goldman 的内部观点是，美国的建设到 2032 年将需要 10 万亿美元。呃，他说的是 10 年期利率 5%。64 岁的他，大半辈子都见过更高的利率。10 年期 5% 吓不到我。
they asked about higher interest rates choking off AI spend and he reiterated the Goldman House view is that the US buildout will need $10 trillion through 2032. Um he said 5% at uh 10year.
At 64 years old, he's seen higher rates most of his life. A 5% 10 year doesn't scare me.
呃，9 月有一些 IPO 被撤回，因为估值比预期低了 10% 到 15%。他说这就是市场，基本上市场还是开放的。窗口还是开着的，但呃，不是每个风险投资人都能在圣诞节收到一辆 Aston Martin。
Um September there were some IPOs pulled because valuations came in 10 to 15% below expectations. That was the market he said like basically the market is still open. The window is still open but um not every venture capitalist is getting an Aston Martin for Christmas.