David Solomon of Goldman Sachs was interviewed by David Faber on September 7, 2023, as reported by CNBC. The highly anticipated second-quarter earnings report from Goldman Sachs is set to be released before the market opens on Monday.
Analysts are predicting earnings of $8.34 per share and revenue of $12.46 billion. Trading revenue is expected to come in at $2.96 billion for Fixed Income and $3.17 billion for Equities. Investment Banking Revenue is forecasted to be $1.80 billion.
There is a sense of optimism surrounding Goldman Sachs as Wall Street is experiencing a resurgence following a challenging 2023. Goldman stands out among the top U.S. banks due to its heavy reliance on investment banking and trading for revenue generation.
CEO David Solomon has placed a strong emphasis on asset and wealth management as potential growth areas for the bank, making it a key focus for the upcoming quarter.
Recent reports from competitors JPMorgan Chase and Citigroup exceeding expectations, driven by a surge in investment banking fees, have further heightened anticipation for Goldman Sachs’ earnings report.
2024-07-14 23:01:01
Link from www.cnbc.com