Goldman Sachs CEO David Solomon testified at a Senate Banking Committee hearing on December 6, 2023 in the Hart Senate Office building in Washington, DC.
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Goldman Sachs is expected to report first quarter revenues ahead of Monday’s opening bell.
Here’s what Wall Street is hoping for:
According to LSEGREVENUE, revenue: $12.35 per share: LSEGTRADING revenue: $148.1 billion: $45.6 billion and $3.65 billion and shares, bank revenue per investment in bank income: $1.94 billion, $140 million on the street
Goldman Sachs may prove to be a beneficiary of the recent market environment.
On Friday, rivals JPMorgan Chase and Morgan Stanley each breached their expectations for first quarter results on booming stock trading.
Stock trading revenues have skyrocketed in banks, 48% and 45%, respectively, thanks to volatility in the opening months of President Donald Trump’s tenure in the course of office amid efforts to restructure the World Trade Agreement.
The buoyancy market for most of the quarter ended March 31 should also support the bank’s wealth and asset management division, which CEO David Solomon calls the bank’s growth engine.
But since Trump escalated trade tensions last week, markets have been fussing and have been fussing uncertainty across the world’s largest economy. Goldman shares fell 14% this year until Friday.
Analysts want to hear Solomon talk about his conversations with corporate clients and institutional investors, and his conversations during the uproar.
This story is developing. Please check for updates.
