From CNBC: 2025-01-15 00:01:01

Goldman Sachs is set to report fourth-quarter earnings, with Wall Street expecting earnings of $8.22 per share and revenue of $12.39 billion. Trading revenue is projected at $2.45 billion for Fixed Income and $3 billion for Equities, while Investment Banking Revenue is estimated at $2.01 billion.

The bank’s shares surged almost 50% last year due to a rebound in Wall Street deals, influenced by the Federal Reserve’s easing cycle and Donald Trump’s election. Fourth-quarter results will offer insight into this year’s expectations, with double-digit increases anticipated in investment banking and trading fees.

Goldman Sachs’ asset and wealth management division is poised for growth, fueled by a strong stock market late last year. CEO David Solomon views this division as the firm’s growth engine, contrasting the challenges faced a year earlier due to losses in consumer finance and dwindling Wall Street deals.

JPMorgan Chase, Wells Fargo, and Citigroup are also reporting results Wednesday, while Bank of America and Morgan Stanley are due on Thursday. Stay tuned for updates as this story develops.



Read more at CNBC:: Goldman Sachs (GS) earnings Q4 2024