Goldman Sachs is gearing up to announce its fourth-quarter earnings soon. Analysts anticipate the following numbers:
- Earnings per share: $11.67
- Total revenue: $13.79 billion
- Trading revenue:
- Fixed income at $2.93 billion
- Equities at $3.70 billion
- Investment banking fees: $2.58 billion
The company is likely to benefit from several trends this quarter. Over the past year, trading desks on Wall Street, including Goldman Sachs, have capitalized on the market fluctuations driven by various economic policies. For example, rival JPMorgan Chase recently reported stronger-than-expected earnings, highlighting a robust performance in both equities and fixed income trading.
In the investment banking sector, revenue has grown by 12% compared to last year. This positive trend is expected to boost Goldman Sachs’ advisory services. Additionally, their asset and wealth management division could see gains due to a strong stock market.
A notable event for Goldman this quarter is the transfer of its Apple Card business to JPMorgan. This change is expected to impact their earnings positively, with an estimated boost of 46 cents per share.
Trends in the global economy, along with advancements in technology, mean that banks are adapting quickly. As investment strategies change, institutions like Goldman Sachs play a crucial role in maintaining market stability.
Stay tuned for updates as more information becomes available. For detailed data and insights, you can visit authoritative financial sources like Reuters or Dealogic.
Source link
Breaking News: Earnings,Investment strategy,Breaking News: Investing,Breaking News: Markets,Earnings,Banks,Wall Street,Goldman Sachs Group Inc,JPMorgan Chase & Co,business news
