David Solomon, CEO of Goldman Sachs, attested on December 6, 2023 during a hearing from the Senate Banking Committee in the Senate of the Senate in Washington, DC.
Win McNamee | Getty pictures
Goldman Sachs should report the result of the first quarter on Monday in front of the opening bell.
Wall Street expects the following:
- Profits: $ 12.35 per share, according to LSEG
- Sales: 14.81 billion US dollars according to LSEG
- Commercial turnover: Fixed income of USD 4.56 billion and stocks of 3.65 billion US dollars per street account
- Investing investment income: 1.94 billion US dollars per street account
Goldman Sachs could prove to be a beneficiary of the latest market environment.
Rivals on Friday JPmorgan Chase And Morgan Stanley Everyone expected the expectations of results of the first quarter to boast of stocking.
The income from stock trading increased by 48% and 45% for banks, thanks to the volatility in the opening months of the term of office of President Donald Trump under his efforts to redesign the global trade agreement.
Building markets during most part of the quarter, which ended on March 31, was also intended to support the Bank's asset and asset management department, which CEO David Solomon referred to as the bank's growth engine.
But the markets have been won in the past week since escalated trade voltages and the uncertainty in the largest economy in the world is reduced. The Goldman shares fell by 14% this year until Friday.
Analysts will be happy to hear what Solomon has to say about his conversations with corporate customers and institutional investors during the tumult.
This story develops. Please check for updates.
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