Goldman Sachs reports earnings before market open — here’s what the Street expects

Goldman Sachs is scheduled to report first-quarter earnings earlier than the opening bell Monday.

Here is what Wall Avenue expects:

Earnings: $8.56 per share, in line with LSEGRevenue: $12.92 billion, in line with LSEGTrading Income: Mounted earnings of $3.64 billion and equities of $2.95 billion, per StreetAccountInvesting Banking Income: $1.77 billion, per StreetAccount

Goldman Sachs CEO David Solomon has taken his lumps prior to now yr, however hope is constructing for a turnaround.

Dormant capital markets and missteps tied to Solomon’s ill-fated push into retail banking ought to give technique to stronger outcomes this yr.

Rivals JPMorgan Chase and Citigroup posted better-than-expected buying and selling outcomes and a rebound in funding banking charges within the first quarter; buyers will probably be dissatisfied if Goldman does not present related beneficial properties.

In contrast to extra diversified rivals, Goldman will get most of its income from Wall Avenue actions. That may result in outsized returns throughout increase occasions and underperformance when markets do not cooperate.

After pivoting away from retail banking, Goldman’s new emphasis for development has centered on its asset and wealth administration division. The enterprise might see beneficial properties from buoyant markets in the beginning of the yr, although it additionally has taken write-downs tied to business actual property prior to now.

Solomon may additionally area questions in regards to the newest examples of an exodus in senior managers, together with his world treasurer Philip Berlinski and Beth Hammack, co-head of the financial institution’s world financing group.

On Friday, JPMorgan, Citigroup and Wells Fargo every posted quarterly outcomes that topped estimates.

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