From CNBC: 2024-04-15 00:01:01

Goldman Sachs is set to report first-quarter earnings with expectations of $8.56 per share in earnings and $12.92 billion in revenue, including trading revenue figures from fixed income and equities. CEO David Solomon is hoping for a turnaround after facing challenges in the past year, with a focus on asset and wealth management growth. Rivals JPMorgan Chase and Citigroup have already posted positive results.

Investors are anticipating strong results from Goldman Sachs following a shift away from retail banking towards Wall Street activities. The bank’s asset and wealth management division is expected to benefit from a strong market at the beginning of the year, despite facing challenges with commercial real estate write-downs in the past. CEO David Solomon may also address recent high-level departures within the company.

JPMorgan, Citigroup, and Wells Fargo have already released quarterly results that exceeded expectations, with investors now looking towards Goldman Sachs for similar gains. The story is still developing, so stay tuned for updates on this evolving situation.



Read more at CNBC:: Goldman Sachs (GS) earnings Q1 2024