Breaking Down Goldman Sachs’ Impressive 2Q 2024 Financial Results

Breaking Down Goldman Sachs’ Impressive 2Q 2024 Financial Results

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

Exit mobile version