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Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day astatine Goldman Sachs Headquarters successful New York City, U.S., February 28, 2023.
Brendan Mcdermid | Reuters
Goldman Sachs is scheduled to study second-quarter net earlier the opening doorbell Wednesday.
Here's what Wall Street expects:
- Earnings: $9.53 per share, according to LSEG
- Revenue: $13.47 billion, according to LSEG
- Trading Revenue: Fixed income of $3.28 billion, equities of $3.65 billion, per StreetAccount
- Investing Banking fees: $1.9 billion, per StreetAccount
Goldman Sachs is acceptable up to beryllium a beneficiary of respective trends successful the 2nd quarter.
Trading desks crossed Wall Street person benefited arsenic President Donald Trump's tariff policies person roiled markets for bonds, currencies, commodities and stocks.
Investment banking enactment including mergers and indebtedness issuance has exceeded expectations astatine rivals including JPMorgan Chase acknowledgment to a crisp rebound successful plus values from April lows.
That betterment successful banal prices besides bodes good for the firm's plus and wealthiness absorption division.
Goldman Sachs gets the bulk of its gross from Wall Street activities including trading and concern banking. That tin pb to outsized returns during roar times and underperformance erstwhile markets don't cooperate.
Shares of the slope person climbed 23% this year.
On Tuesday, JPMorgan, Citigroup and Wells Fargo each posted results that topped analysts' expectations for net and revenue.
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