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.
This is what Wall Avenue expects:
associated investing information
- Earnings: $5.48 per share, 49% decrease than a 12 months earlier, in line with Refinitiv
- Income: $10.83 billion, 14% decrease than a 12 months earlier.
- Buying and selling Income: Mounted Earnings $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 can have for Goldman CEO David Solomon.
Whereas the fourth quarter was an unsightly one for bankers — Wall Avenue 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 will additionally wish to hear Solomon’s views on headcount and bills after the financial institution laid off as much as 3,200 workers final week, in addition to particulars about Goldman’s client 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 internet curiosity revenue, whereas Wells Fargo and Citigroup posted blended outcomes. Morgan Stanley can also be scheduled to launch outcomes Tuesday.
This story is creating. Please examine again for updates.
