David Solomon, the Chairman and CEO of Goldman Sachs, recently shared insights at the World Economic Forum Annual Meeting in Davos, Switzerland. Goldman Sachs is set to announce its first-quarter earnings soon, with expectations high on Wall Street.
Analysts predict earnings of $8.56 per share and revenue of $12.92 billion. Trading revenue is expected to be strong, with fixed income at $3.64 billion and equities at $2.95 billion. Investment banking revenue is forecasted at $1.77 billion.
Despite challenges faced by CEO David Solomon in the past year, there is optimism for a positive turnaround. Issues related to retail banking are expected to be resolved, leading to improved performance this year.
Competitors like JPMorgan Chase and Citigroup have already reported strong trading results and increased investment banking fees in the first quarter. Investors are eagerly awaiting Goldman Sachs’ results to see if they can match or exceed expectations.
Source: CNBC
Date: 2024-04-14 23:01:01