Goldman Sachs is scheduled to report fourth-quarter earnings earlier than the opening bell Tuesday.
This is what Wall Street expects:
associated investing information
- Earnings: $5.48 per share, 49% decrease than a yr earlier, in accordance with Refinitiv
- Income: $10.83 billion, 14% decrease than a yr 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 in all the high questions analysts could have for Goldman CEO David Solomon.
Whereas the fourth quarter was an unpleasant one for bankers — Wall Street rivals JPMorgan Chase and Citigroup every posted declines in funding banking income of almost 60% final week — analysts query the odds of a rebound someday later this yr.
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 workers final week, in addition to particulars about Goldman’s shopper operations because it scales again ambitions there.
Goldman shares have climbed 8.9% this yr 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 revenue, whereas Wells Fargo and Citigroup posted combined results. Morgan Stanley can also be scheduled to launch results Tuesday.
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