10/06/2024

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Goldman Sachs fourth quarter results are coming — what the Street expects

Goldman Sachs fourth quarter results are coming — what the Street expects

David Solomon, main government officer of Goldman Sachs Group Inc., throughout a Bloomberg Television at the Goldman Sachs Economic Companies Meeting in New York, US, on Tuesday, Dec. 6, 2022. 

Michael Nagle | Bloomberg | Getty Photos

Goldman Sachs is scheduled to report fourth-quarter earnings just before the opening bell Tuesday.

Here’s what Wall Street expects:

related investing information

Goldman Sachs fourth quarter results are coming — what the Street expects

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  • Earnings: $5.48 for every share, 49% lessen than a year earlier, in accordance to Refinitiv
  • Earnings: $10.83 billion, 14% decreased than a year earlier.
  • Investing Income: Fixed Income $2.31 billion, Equities $2.14 billion
  • Investing Banking: $1.75 billion

How extended will the investment decision banking drought final?

That’s a person of the prime thoughts analysts will have for Goldman CEO David Solomon.

Even though the fourth quarter was an unattractive 1 for bankers — Wall Street rivals JPMorgan Chase and Citigroup each individual posted declines in expense banking earnings of almost 60% final 7 days — analysts issue the odds of a rebound someday later on this calendar year.

They are going to also want to listen to Solomon’s sights on headcount and expenses after the financial institution laid off up to 3,200 staff final week, as effectively as particulars about Goldman’s purchaser operations as it scales again ambitions there.

Goldman shares have climbed 8.9% this calendar year likely into Tuesday’s investing, compared with a 6.7% advance for the KBW Lender Index.

Last 7 days, JPMorgan Chase and Financial institution of The united states topped income anticipations on surging web desire revenue, although Wells Fargo and Citigroup posted blended outcomes.  Morgan Stanley is also scheduled to launch effects Tuesday.

This story is creating. Make sure you check back for updates.