Goldman Sachs is poised to announce its first-quarter earnings prior to the market opening on Monday.
The financial community has set specific expectations for the report:
- Projected Earnings: $12.35 per share, as per LSEG
- Estimated Revenue: $14.81 billion, according to LSEG
- Forecasted Trading Revenue: $4.56 billion in Fixed Income and $3.65 billion in Equities, based on StreetAccount
- Potential Investment Banking Revenue: $1.94 billion, as indicated by StreetAccount
Goldman Sachs could emerge as a beneficiary of the prevailing market conditions.
On Friday, competitors JPMorgan Chase and Morgan Stanley both reported first-quarter results that exceeded expectations, driven by a surge in equities trading activity.
Equities trading revenue experienced remarkable growth of 48% and 45% at these banks, respectively, attributed to the volatility experienced in the early days of President Donald Trump’s administration as he sought to modify global trade deals.
The strong performance of markets throughout the majority of the quarter, concluding on March 31, is also likely to bolster the bank’s wealth and asset management sector, which CEO David Solomon has identified as the bank’s primary growth driver.
However, markets have become increasingly turbulent since Trump heightened trade tensions last week, introducing uncertainty into the largest economy in the world. Shares of Goldman Sachs have fallen by 14% year-to-date as of Friday.
Analysts are particularly eager to hear Solomon’s insights regarding his interactions with corporate clients and institutional investors amid the recent market upheaval.
This story is developing. Please check back for further information.
