Welcome to Extreme Investor Network, your go-to source for the latest and most valuable business news updates. Today, we’re diving into the highly anticipated second-quarter earnings report from Goldman Sachs, set to be released before the opening bell on Monday.
Wall Street analysts are eagerly awaiting the results and here’s what they are expecting:
- Earnings: $8.34 per share, according to LSEG
- Revenue: $12.46 billion, according to LSEG
- Trading Revenue: Fixed Income of $2.96 billion, Equities of $3.17 billion, per StreetAccount
- Investing Banking Revenue: $1.80 billion, according to StreetAccount
Goldman Sachs faces high expectations as Wall Street businesses are rebounding following a challenging 2023. Being the most reliant on investment banking and trading to generate revenue among the six biggest U.S. banks, all eyes are on Goldman Sachs this quarter.
CEO David Solomon has identified asset and wealth management as potential growth areas for the bank, adding to the anticipation of the earnings report.
Rivals JPMorgan Chase and Citigroup have already exceeded expectations, driven by strong investment banking fees and impressive equities trading results. Bank of America and Morgan Stanley are set to report their results on Tuesday, adding further excitement to the financial sector.
As developments unfold, stay tuned to Extreme Investor Network for the latest updates on Goldman Sachs second-quarter earnings. Our team of experts will be analyzing the results and providing unique insights to help you navigate the ever-changing world of finance.
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