Analysts predict that Goldman Sachs will report earnings per share of $8.56 and revenue of $12.92 billion in the first quarter. The company is expected to show improved trading results and a rebound in investment banking fees. However, concerns remain about the impact of the company's push into retail banking and the potential escalation of conflict in the Middle East.
Analysts polled by LSEG expect earnings per share of $8.56 and revenue of $12.92 billion.Trading Revenue: Fixed income of $3.64 billion and equities of $2.95 billion, per StreetAccountDormant capital markets and missteps tied to Solomon's ill-fated push into retail banking should give way to stronger results this year.
Oil prices could see ‘super spike well above $100' if conflict escalates after Iran's attack on Israel Unlike more diversified rivals, Goldman gets most of its revenue from Wall Street activities. That can lead to outsized returns during boom times and underperformance when markets don't cooperate.for growth has centered on its asset and wealth management division. The business could see gains from buoyant markets at the start of the year, though it also has taken write-downs tied to commercial real estate in the past.
Goldman Sachs Q1 Earnings Revenue Trading Results Investment Banking Retail Banking Conflict Middle East
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs Expects Stronger Results in 2024Analysts predict Goldman Sachs to report earnings per share of $8.56 and revenue of $12.92 billion. The company's CEO, David Solomon, spoke about the company's performance at the World Economic Forum Annual Meeting in Davos. Despite previous challenges, Goldman Sachs posted better-than-expected trading results and a rebound in investment banking fees in the first quarter. The company's focus on its asset and wealth management division is expected to drive growth.
Read more »
Goldman Sachs now expects the Bank of Japan to hike rates TuesdayGoldman Sachs expects the BOJ to raise interest rates at its March meeting ending Tuesday, bringing forward its previous forecast for an April decision.
Read more »
Goldman Sachs sees resurgence in clients' interest in crypto assets: reportGoldman Sachs has seen growing interest from hedge fund clients in crypto-related products, according to Bloomberg.
Read more »
Goldman Sachs hedge fund clients are piling back into crypto this yearMax Minton, Goldman Sach’s head of digital assets, says an increasing number of his firm’s hedge fund clients are making the jump back into crypto following the approval of spot Bitcoin ETFs.
Read more »
Amid Fintech Slowdown, Goldman Sachs-Backed Startup Considers Sale, Sources SayI lead our fintech coverage at Forbes and also cover crypto. I edit our annual Fintech 50 and 30 Under 30 for fintech, and I’ve written frequently about leadership and corporate diversity. Before Forbes, I worked for ten years in marketing consulting, in roles ranging from client consulting to talent management.
Read more »
Goldman Sachs analysts say there’s still potential for more stock gainsIt’s been a bumpy road for the stock market this year, but investors aren’t complaining.
Read more »