Goldman Sachs will release its third-quarter earnings report.
- Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday.
- According to LSEG, Wall Street anticipates earnings per share of $6.89 and revenue of $11.8 billion.
- Goldman executives will host a call with analysts at 9:30 a.m. ET.
is scheduled to report third-quarter earnings before the opening bell Tuesday.
Here's what Wall Street expects:
- Earnings: $6.89 per share, according to LSEG
- Revenue: $11.8 billion, according to LSEG
- StreetAccount reports that the company's trading revenue comes from fixed income of $2.91 billion and equities of $2.96 billion.
- Investing Banking Revenue: $1.62 billion, per StreetAccount
- Asset & Wealth Management: $3.58 billion, per StreetAccount
How much will falling interest rates help Goldman Sachs?
Over the past two years, the Federal Reserve's monetary policy has created unfavorable conditions for investment banks such as Goldman.
With the Fed easing rates, corporations are now taking action to acquire competitors or raise funds, which benefits Goldman Sachs.
Goldman's asset and wealth management division can benefit from rising asset values across markets as rates decline.
Last week, the rival bank exceeded earnings estimates due to better-than-expected results from trading and investment banking.
also exceeded estimates on Friday on the back of its investment banking division.
This story is developing. Please check back for updates.
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