Goldman Sachs CEO David Solomon will speak during the day of Goldman Sachs investors held at Goldman Sachs headquarters in New York City, USA on February 28, 2023.
Brendan McDermid | Reuters
Goldman Sachs is expected to report second quarter revenues ahead of Wednesday’s opening bell.
Here’s what Wall Street is hoping for:
According to LSEGREVENUE, $9.53 per share: $9.53 per share: $13.47 billion: $3.28 billion, $3.65 billion in stock, per bank investment per bank fee: $1.9 billion per street loaded road
Goldman Sachs is set to be a beneficiary of several trends in the second quarter.
The cross-Wall Street desk trading benefits as President Donald Trump’s tariff policies are shaking the markets of bonds, currencies, commodities and stocks.
Investment bank activities, including mergers and debt issuance, have surpassed expectations of rivals, including JPMorgan Chase, thanks to a rapid rebound in asset value from its lows in April.
That stock price recovery also portends a good for the company’s asset and asset management division.
Goldman Sachs earns a large portion of its revenue from Wall Street activities, including trading and investment banking. It could lead to significant returns during boom times and lead to poor performance if the market doesn’t cooperate.
Bank stocks rose 23% this year.
On Tuesday, JPMorgan, Citigroup and Wells Fargo each posted results that have broken analysts’ revenue and revenue expectations.
This story is developing. Please check for updates.
