From NBC Universal: 2024-10-15 00:01:01

Goldman Sachs is set to report third-quarter earnings with expectations of $6.89 per share and revenue of $11.8 billion. Trading revenue is projected at $2.91 billion for Fixed Income and $2.96 billion for Equities, while Investing Banking Revenue is expected to reach $1.62 billion and Asset & Wealth Management at $3.58 billion.

The Federal Reserve’s rate cuts are expected to benefit Goldman Sachs as companies proceed with acquisitions and fundraising. With rates declining, Goldman’s asset and wealth management division is also anticipated to benefit from rising asset values across markets. Strong results from JPMorgan Chase and Wells Fargo have set high expectations in the industry.

Stay tuned for updates on this developing story.



Read more at NBC Universal: Goldman Sachs (GS) earnings Q3 2024