David Solomon, Goldman Sachs, interview with David Faber, September 7, 2023.
CNBC
Goldman Sachs is scheduled to report its second-quarter results before the market opens on Monday.
Here are Wall Street’s predictions:
Earnings: $8.34 per share, according to LSEG Revenues: $12.46 billion, according to LSEG Trading revenues: $2.96 billion in bonds and $3.17 billion in equities, according to street accounts Investment banking revenues: $1.8 billion, according to street accounts
Expectations for Goldman Sachs are rising as Wall Street businesses are in the midst of a recovery from a 2023 slump.
That’s because, of the six largest U.S. banks, Goldman relies most on investment banking and trading to generate revenue.
Another focus this quarter will be asset and wealth management, an area Goldman CEO David Solomon believes will drive growth for the bank.
Friday, Rivals JPMorgan Chase and Citigroup Both companies beat expectations, driven by a surge in investment banking fees and better-than-expected stock trading results.
Bank of America and Morgan Stanley We will report the results on Tuesday.
This story is developing, please check back for updates.
