Here comes Goldman Sachs … (GS)


Lloyd Blankfein David Solomon Harvey Schwartz Goldman Sachs

Goldman Sachs is set to announce first-quarter earnings results Tuesday morning.

Analysts are expecting the bank to report adjusted earnings per share of $5.56, a 38.4% increase from last year.

Here’s what else to look out for:

Revenue: $8.75 billion, up 9.1% from last year.
Adjusted net income: $2.2 billion, up 31.3% from last year.
Volatility’s impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other things, fears of the US stoking a trade war. JPMorgan and Bank of America Merrill Lynch both posted record quarters in equities trading. How will Goldman Sachs fare?
M&A: There was $1.2 trillion of M&A in the first quarter, an all-time high. How much did Goldman’s investment bank benefit?
$5 billion: Goldman is chasing $5 billion in new revenues from initiatives including a regional expansion of its investment bank to Atlanta and beyond and Marcus, its digital financial destination for the masses. Any updates on these initiatives?
Solomon succession: Part-time DJ and Goldman COO David Solomon is now the heir apparent to CEO Lloyd Blankfein, who’s been cagey about his actual timeline for departure.

Bank of America Merrill Lynch on Monday matched Citigroup and JPMorgan in reporting first quarter earnings that beat analyst expectations.

Now the pressure is on for Goldman Sachs.

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Source:: Business Insider

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