David Solomon, chief govt officer of Goldman Sachs Group Inc., throughout a Bloomberg Tv on the Goldman Sachs Monetary Companies Convention in New York, US, on Tuesday, Dec. 6, 2022.
Michael Nagle | Bloomberg | Getty Pictures
Goldman Sachs is scheduled to report fourth-quarter earnings earlier than the opening bell Tuesday.
Here is what Wall Road expects:
associated investing information
- Earnings: $5.48 per share, 49% decrease than a 12 months earlier, in response to Refinitiv
- Income: $10.83 billion, 14% decrease than a 12 months earlier.
- Buying and selling Income: Mounted Revenue $2.31 billion, Equities $2.14 billion
- Investing Banking: $1.75 billion
How lengthy will the funding banking drought final?
That is one of many high questions analysts may have for Goldman CEO David Solomon.
Whereas the fourth quarter was an unsightly one for bankers — Wall Road rivals JPMorgan Chase and Citigroup every posted declines in funding banking income of almost 60% final week — analysts query the chances of a rebound someday later this 12 months.
They’re going to additionally wish to hear Solomon’s views on headcount and bills after the financial institution laid off as much as 3,200 staff final week, in addition to particulars about Goldman’s shopper operations because it scales again ambitions there.
Goldman shares have climbed 8.9% this 12 months going into Tuesday’s buying and selling, in contrast with a 6.7% advance for the KBW Financial institution Index.
Final week, JPMorgan Chase and Financial institution of America topped revenue expectations on surging web curiosity earnings, whereas Wells Fargo and Citigroup posted combined outcomes. Morgan Stanley can also be scheduled to launch outcomes Tuesday.
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