{"id":3045,"date":"2026-04-19T02:20:42","date_gmt":"2026-04-18T19:20:42","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/19\/goldman-sachs-q1-2024-doanh-thu-vuot-ky-vong-nho-co-phieu-ma-rui-ro-nao-dang-hien-huu\/"},"modified":"2026-04-19T02:20:42","modified_gmt":"2026-04-18T19:20:42","slug":"goldman-sachs-q1-2024-doanh-thu-vuot-ky-vong-nho-co-phieu-ma-rui-ro-nao-dang-hien-huu","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/19\/goldman-sachs-q1-2024-doanh-thu-vuot-ky-vong-nho-co-phieu-ma-rui-ro-nao-dang-hien-huu\/","title":{"rendered":"Goldman Sachs Q1 2024: Doanh Thu V\u01b0\u1ee3t K\u1ef3 V\u1ecdng Nh\u1edd C\u1ed5 Phi\u1ebfu &#038; M&#038;A, R\u1ee7i Ro N\u00e0o \u0110ang Hi\u1ec7n H\u1eefu?"},"content":{"rendered":"<div>\n<p><strong>Th\u00e0nh ph\u1ed1 New York<\/strong> \u2013 Goldman Sachs (GS) \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd 1 n\u0103m 2024 v\u01b0\u1ee3t tr\u1ed9i h\u01a1n so v\u1edbi k\u1ef3 v\u1ecdng c\u1ee7a Ph\u1ed1 Wall, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y m\u1ea1nh m\u1ebd b\u1edfi ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch c\u1ed5 phi\u1ebfu k\u1ef7 l\u1ee5c v\u00e0 doanh thu ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 (IB) t\u0103ng cao. Tuy nhi\u00ean, b\u1ee9c tranh t\u00e0i ch\u00ednh n\u00e0y kh\u00f4ng ho\u00e0n to\u00e0n m\u00e0u h\u1ed3ng khi nh\u1eefng lo ng\u1ea1i v\u1ec1 chi ph\u00ed d\u1ef1 ph\u00f2ng r\u1ee7i ro t\u00edn d\u1ee5ng v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng \u0111\u1ecba ch\u00ednh tr\u1ecb v\u1eabn ti\u1ec1m \u1ea9n.<\/p>\n<h2>\u0110i\u1ec3m S\u00e1ng R\u1ef1c R\u1ee1: C\u1ed5 Phi\u1ebfu v\u00e0 Ng\u00e2n H\u00e0ng \u0110\u1ea7u T\u01b0 Th\u0103ng Hoa<\/h2>\n<p>Trong qu\u00fd \u0111\u1ea7u n\u0103m, Goldman Sachs \u0111\u00e3 ghi nh\u1eadn l\u1ee3i nhu\u1eadn t\u0103ng <strong>19%<\/strong> so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc, \u0111\u1ea1t <strong>5,63 t\u1ef7 USD<\/strong>, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng <strong>17,55 USD\/c\u1ed5 phi\u1ebfu<\/strong>. T\u1ed5ng doanh thu t\u0103ng <strong>14%<\/strong>, l\u00ean m\u1ee9c <strong>17,23 t\u1ef7 USD<\/strong>. \u0110\u00e2y l\u00e0 qu\u00fd c\u00f3 doanh thu cao th\u1ee9 hai trong l\u1ecbch s\u1eed c\u1ee7a ng\u00e2n h\u00e0ng, ch\u1ee7 y\u1ebfu nh\u1edd v\u00e0o hai m\u1ea3ng kinh doanh ch\u1ee7 l\u1ef1c:<\/p>\n<ul>\n<li><strong>Giao d\u1ecbch C\u1ed5 phi\u1ebfu (Equities Trading):<\/strong> Doanh thu t\u1eeb m\u1ea3ng n\u00e0y t\u0103ng v\u1ecdt <strong>27%<\/strong>, \u0111\u1ea1t <strong>5,33 t\u1ef7 USD<\/strong>, v\u01b0\u1ee3t kho\u1ea3ng 420 tri\u1ec7u USD so v\u1edbi \u01b0\u1edbc t\u00ednh c\u1ee7a StreetAccount. S\u1ef1 t\u0103ng tr\u01b0\u1edfng n\u00e0y \u0111\u01b0\u1ee3c l\u00fd gi\u1ea3i b\u1edfi ho\u1ea1t \u0111\u1ed9ng t\u00e0i ch\u00ednh s\u00f4i \u0111\u1ed9ng cho c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 trong m\u1ea3ng m\u00f4i gi\u1edbi ch\u00ednh (prime brokerage) v\u00e0 vi\u1ec7c kh\u1edbp l\u1ec7nh mua b\u00e1n hi\u1ec7u qu\u1ea3 h\u01a1n trong c\u00e1c s\u1ea3n ph\u1ea9m c\u1ed5 phi\u1ebfu ti\u1ec1n m\u1eb7t. Nhu c\u1ea7u giao d\u1ecbch t\u0103ng cao, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c thi\u1ebft l\u1eadp v\u1ecb th\u1ebf m\u1edbi tr\u01b0\u1edbc l\u00e0n s\u00f3ng AI g\u00e2y gi\u00e1n \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng, \u0111\u00e3 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho Goldman Sachs.<\/li>\n<li><strong>Ng\u00e2n h\u00e0ng \u0110\u1ea7u t\u01b0 (Investment Banking):<\/strong> Ph\u00ed t\u1eeb ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 t\u0103ng m\u1ea1nh <strong>48%<\/strong>, l\u00ean <strong>2,84 t\u1ef7 USD<\/strong>, cao h\u01a1n kho\u1ea3ng 340 tri\u1ec7u USD so v\u1edbi k\u1ef3 v\u1ecdng. Doanh thu t\u01b0 v\u1ea5n t\u1eeb c\u00e1c giao d\u1ecbch s\u00e1p nh\u1eadp (M&#038;A) ho\u00e0n t\u1ea5t \u0111\u00e3 t\u0103ng v\u1ecdt, c\u00f9ng v\u1edbi doanh thu cao h\u01a1n trong b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu v\u00e0 n\u1ee3. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y s\u1ef1 ph\u1ee5c h\u1ed3i \u0111\u00e1ng k\u1ec3 trong ho\u1ea1t \u0111\u1ed9ng deal-making sau giai \u0111o\u1ea1n tr\u1ea7m l\u1eafng.<\/li>\n<\/ul>\n<h2>Nh\u1eefng M\u1ea3ng G\u00e2y Th\u1ea5t V\u1ecdng v\u00e0 R\u1ee7i Ro Ti\u1ec1m \u1ea8n<\/h2>\n<p>M\u1eb7c d\u00f9 \u0111\u1ea1t \u0111\u01b0\u1ee3c nh\u1eefng k\u1ebft qu\u1ea3 \u1ea5n t\u01b0\u1ee3ng, Goldman Sachs v\u1eabn \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t s\u1ed1 th\u00e1ch th\u1ee9c \u0111\u00e1ng ch\u00fa \u00fd:<\/p>\n<ul>\n<li><strong>Ho\u1ea1t \u0111\u1ed9ng Thu nh\u1eadp C\u1ed1 \u0111\u1ecbnh (Fixed Income):<\/strong> M\u1ea3ng n\u00e0y kh\u00f4ng m\u1ea5y kh\u1ea3 quan, v\u1edbi doanh thu gi\u1ea3m <strong>10%<\/strong> xu\u1ed1ng c\u00f2n <strong>4,01 t\u1ef7 USD<\/strong>, m\u1ed9t m\u1ee9c h\u1ee5t l\u1edbn t\u1edbi 910 tri\u1ec7u USD so v\u1edbi \u01b0\u1edbc t\u00ednh. Goldman Sachs cho bi\u1ebft doanh thu &#8220;gi\u1ea3m \u0111\u00e1ng k\u1ec3&#8221; trong c\u00e1c s\u1ea3n ph\u1ea9m l\u00e3i su\u1ea5t, th\u1ebf ch\u1ea5p v\u00e0 t\u00edn d\u1ee5ng \u0111\u00e3 \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c \u0111\u1ebfn k\u1ebft qu\u1ea3 n\u00e0y.<\/li>\n<li><strong>Qu\u1ea3n l\u00fd T\u00e0i s\u1ea3n v\u00e0 T\u00e0i s\u1ea3n (Asset and Wealth Management):<\/strong> Doanh thu t\u1eeb m\u1ea3ng n\u00e0y t\u0103ng <strong>10%<\/strong> l\u00ean <strong>4,08 t\u1ef7 USD<\/strong>, nh\u01b0ng l\u1ea1i th\u1ea5p h\u01a1n kho\u1ea3ng 140 tri\u1ec7u USD so v\u1edbi k\u1ef3 v\u1ecdng. M\u1eb7c d\u00f9 ph\u00ed qu\u1ea3n l\u00fd t\u0103ng nh\u1edd t\u00e0i s\u1ea3n d\u01b0\u1edbi s\u1ef1 gi\u00e1m s\u00e1t t\u0103ng, nh\u01b0ng \u0111i\u1ec1u n\u00e0y \u0111\u00e3 b\u1ecb b\u00f9 \u0111\u1eafp m\u1ed9t ph\u1ea7n b\u1edfi doanh thu ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n th\u1ea5p h\u01a1n.<\/li>\n<li><strong>Chi ph\u00ed D\u1ef1 ph\u00f2ng R\u1ee7i ro T\u00edn d\u1ee5ng T\u0103ng v\u1ecdt:<\/strong> \u0110i\u1ec1u \u0111\u00e1ng lo ng\u1ea1i nh\u1ea5t l\u00e0 chi ph\u00ed d\u1ef1 ph\u00f2ng r\u1ee7i ro t\u00edn d\u1ee5ng c\u1ee7a Goldman Sachs \u0111\u00e3 t\u0103ng g\u1ea7n <strong>10%<\/strong> so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i, l\u00ean <strong>315 tri\u1ec7u USD<\/strong> \u2013 cao g\u1ea5p \u0111\u00f4i so v\u1edbi \u01b0\u1edbc t\u00ednh 150,4 tri\u1ec7u USD c\u1ee7a StreetAccount. Theo Mike Mayo, nh\u00e0 ph\u00e2n t\u00edch ng\u00e2n h\u00e0ng t\u1ea1i Wells Fargo, \u0111\u00e2y l\u00e0 m\u1ee9c t\u0103ng d\u1ef1 ph\u00f2ng l\u1edbn nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2020, \u0111\u1eb7t ra c\u00e2u h\u1ecfi v\u1ec1 \u0111\u00e1nh gi\u00e1 c\u1ee7a ban l\u00e3nh \u0111\u1ea1o Goldman Sachs v\u1ec1 tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng.<\/li>\n<\/ul>\n<h2>\u1ea2nh H\u01b0\u1edfng C\u1ee7a Bi\u1ebfn \u0110\u1ed9ng \u0110\u1ecba Ch\u00ednh Tr\u1ecb v\u00e0 Tri\u1ec3n V\u1ecdng T\u01b0\u01a1ng Lai<\/h2>\n<p>K\u1ebft qu\u1ea3 qu\u00fd 1 c\u1ee7a Goldman Sachs c\u0169ng \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi t\u1ef7 l\u1ec7 thu\u1ebf v\u00e0 t\u1ef7 l\u1ec7 b\u1ed3i th\u01b0\u1eddng th\u1ea5p h\u01a1n k\u1ef3 v\u1ecdng, c\u00f9ng v\u1edbi ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i c\u1ed5 phi\u1ebfu l\u1edbn h\u01a1n d\u1ef1 ki\u1ebfn. Tuy nhi\u00ean, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch \u0111ang \u0111\u1eb7t ra c\u00e2u h\u1ecfi v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a xung \u0111\u1ed9t Iran \u2013 Israel, b\u1eaft \u0111\u1ea7u t\u1eeb ng\u00e0y 28 th\u00e1ng 2, \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a ng\u00e2n h\u00e0ng.<\/p>\n<p>Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh Goldman Sachs, David Solomon, \u0111\u00e3 \u0111\u1ec1 c\u1eadp \u0111\u1ebfn s\u1ef1 gia t\u0103ng bi\u1ebfn \u0111\u1ed9ng &#8220;trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n r\u1ed9ng l\u1edbn h\u01a1n&#8221; c\u1ee7a giai \u0111o\u1ea1n n\u00e0y. \u00d4ng c\u1ea3nh b\u00e1o r\u1eb1ng n\u1ebfu xung \u0111\u1ed9t k\u00e9o d\u00e0i, \u0111i\u1ec1u \u0111\u00f3 c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh &#8220;m\u1ed9t l\u1ef1c c\u1ea3n&#8221; \u0111\u1ed1i v\u1edbi m\u1ed9t s\u1ed1 l\u0129nh v\u1ef1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 xu h\u01b0\u1edbng l\u1ea1m ph\u00e1t trong qu\u00fd 2 v\u00e0 qu\u00fd 3. C\u00e1c s\u1ef1 ki\u1ec7n g\u00e2y gi\u00e1n \u0111o\u1ea1n c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 h\u00e0ng h\u00f3a, khi\u1ebfn kh\u00e1ch h\u00e0ng doanh nghi\u1ec7p th\u1eadn tr\u1ecdng h\u01a1n, \u0111e d\u1ecda c\u00e1c giao d\u1ecbch th\u1ecb tr\u01b0\u1eddng v\u1ed1n trong t\u01b0\u01a1ng lai nh\u01b0 M&#038;A ho\u1eb7c ph\u00e1t h\u00e0nh n\u1ee3. Solomon c\u0169ng l\u01b0u \u00fd r\u1eb1ng bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 l\u00e0m ngu\u1ed9i l\u1ea1nh c\u00e1c \u0111\u1ee3t IPO v\u00e0o th\u00e1ng 3, m\u1eb7c d\u00f9 \u00f4ng v\u1eabn nh\u00ecn th\u1ea5y ti\u1ec1m n\u0103ng cho m\u1ed9t s\u1ed1 \u0111\u1ee3t IPO l\u1edbn trong t\u01b0\u01a1ng lai.<\/p>\n<p>Vi\u1ec7c c\u1ed5 phi\u1ebfu Goldman Sachs gi\u1ea3m g\u1ea7n 2% v\u00e0o th\u1ee9 Hai, b\u1ea5t ch\u1ea5p k\u1ebft qu\u1ea3 kinh doanh m\u1ea1nh m\u1ebd, cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u1ecbnh gi\u00e1 nh\u1eefng r\u1ee7i ro ti\u1ec1m t\u00e0ng n\u00e0y. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i ch\u1eb7t ch\u1ebd c\u00e1ch Goldman Sachs qu\u1ea3n l\u00fd r\u1ee7i ro t\u00edn d\u1ee5ng v\u00e0 kh\u1ea3 n\u0103ng th\u00edch \u1ee9ng c\u1ee7a c\u00e1c m\u1ea3ng kinh doanh v\u1edbi b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 v\u00e0 \u0111\u1ecba ch\u00ednh tr\u1ecb ph\u1ee9c t\u1ea1p.<\/p>\n<div style=\"text-align: center; margin-top: 30px;\">\n<h3>B\u00c0I VI\u1ebeT LI\u00caN QUAN<\/h3>\n<p>        <a href=\"https:\/\/taichinhphowall.com\/phan-tich-xu-huong-sac-nhap-toan-cau\" target=\"_blank\" rel=\"noopener\">Ph\u00e2n t\u00edch xu h\u01b0\u1edbng M&#038;A to\u00e0n c\u1ea7u: C\u01a1 h\u1ed9i v\u00e0 Th\u00e1ch th\u1ee9c cho c\u00e1c ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0<\/a>\n    <\/div>\n<p style=\"text-align: right; margin-top: 20px;\"><i>Ngu\u1ed3n tin: cnbc.com<\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Th\u00e0nh ph\u1ed1 New York \u2013 Goldman Sachs (GS) \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd 1 n\u0103m 2024 v\u01b0\u1ee3t tr\u1ed9i h\u01a1n so v\u1edbi k\u1ef3 v\u1ecdng c\u1ee7a Ph\u1ed1 Wall, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y m\u1ea1nh m\u1ebd b\u1edfi ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch c\u1ed5 phi\u1ebfu k\u1ef7 l\u1ee5c v\u00e0 doanh thu ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 (IB) t\u0103ng cao. Tuy nhi\u00ean, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-3045","post","type-post","status-publish","format-standard","hentry","category-bao-cao-tai-chinh"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/3045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=3045"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/3045\/revisions"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=3045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=3045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=3045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}