Wall Street anticipates Goldman Sachs' second-quarter earnings report.

Wall Street anticipates Goldman Sachs' second-quarter earnings report.
Wall Street anticipates Goldman Sachs' second-quarter earnings report.
  • Goldman Sachs reports second-quarter earnings before the market open on Monday.
  • According to LSEG's poll of analysts, the expected earnings per share is $8.34 and the revenue is $12.46 billion.
  • Executives will hold a call with analysts at 9:30 a.m. ET.

Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.

Here's what Wall Street expects:

  • Earnings: $8.34 per share, according to LSEG
  • Revenue: $12.46 billion, according to LSEG
  • Fixed Income and Equities Revenue: $2.96 billion and $3.17 billion, respectively, according to StreetAccount.
  • Investing Banking Revenue: $1.80 billion, according to StreetAccount

High expectations have been set for Goldman Sachs as Wall Street businesses recover from a poor 2023.

Out of the six largest US banks, Goldman Sachs is the most dependent on investment banking and trading to generate income.

In addition to the existing focal points, asset and wealth management will be another area of focus for the bank, as predicted by Goldman CEO David Solomon.

On Friday, both rivals exceeded expectations due to rising investment banking fees and strong equities trading outcomes.

and report results on Tuesday.

This story is developing. Please check back for updates.

by Hugh Son

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