Finance
Goldman Sachs (GS) second quarter 2024 earnings
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.
CNBC
Goldman Sachs will report second-quarter earnings before the opening bell on Monday.
Here’s what Wall Street expects:
- Earnings: $8.34 per share, according to LSEG
- Revenue: $12.46 billion, according to LSEG
- Trading revenues: fixed income of $2.96 billion, equities of $3.17 billion, per StreetAccount
- Bank income from investing: $1.80 billion, according to StreetAccount
Expectations are high for Goldman Sachs as Wall Street firms are in the midst of a recovery after a dismal 2023.
That’s because of the six largest U.S. banks, Goldman relies most on investment banking and trading to generate revenue.
Another focus this quarter will be wealth and asset management, areas that Goldman CEO David Solomon has bet could be a growth engine for the bank.
Friday rivals JPMorgan Chase And Citi Group both exceeded expectations thanks to rising investment banking costs and better-than-expected stock trading results.
bank of America And Morgan Stanley report results on Tuesday.
This story is developing. Check back later for updates.
