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Goldman Sachs Expects Stronger Results in Q1

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Goldman Sachs,Q1 Earnings,Revenue

Analysts predict that Goldman Sachs will report earnings per share of $8.56 and revenue of $12.92 billion in the first quarter. The company is expected to show improved trading results and a rebound in investment banking fees. However, concerns remain about the impact of the company's push into retail banking and the potential escalation of conflict in the Middle East.

Analysts polled by LSEG expect earnings per share of $8.56 and revenue of $12.92 billion.Trading Revenue: Fixed income of $3.64 billion and equities of $2.95 billion, per StreetAccountDormant capital markets and missteps tied to Solomon's ill-fated push into retail banking should give way to stronger results this year.

Oil prices could see ‘super spike well above $100' if conflict escalates after Iran's attack on Israel Unlike more diversified rivals, Goldman gets most of its revenue from Wall Street activities. That can lead to outsized returns during boom times and underperformance when markets don't cooperate.for growth has centered on its asset and wealth management division. The business could see gains from buoyant markets at the start of the year, though it also has taken write-downs tied to commercial real estate in the past.

 

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Goldman Sachs Expects Stronger Results in 2024Analysts predict Goldman Sachs to report earnings per share of $8.56 and revenue of $12.92 billion. The company's CEO, David Solomon, spoke about the company's performance at the World Economic Forum Annual Meeting in Davos. Despite previous challenges, Goldman Sachs posted better-than-expected trading results and a rebound in investment banking fees in the first quarter. The company's focus on its asset and wealth management division is expected to drive growth.
Source: CNBC - 🏆 12. / 72 Read more »