David Solomon, CEO of Goldman Sachs, states during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023.
Win Mcnamee | Getty Statues
Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday.
Here’s what Block Street expects:
- Earnings: $12.35 per share, according to LSEG
- Revenue: $14.81 billion, according to LSEG
- Commerce Revenue: Fixed Income of $4.56 billion and Equities of $3.65 billion, per StreetAccount
- Investing Banking Revenue: $1.94 billion, per StreetAccount
Goldman Sachs may support to be a beneficiary of the recent market environment.
On Friday, rivals JPMorgan Chase and Morgan Stanley each topped expectations for first-quarter developments on booming equities trading.
Equities trading revenue surged 48% and 45% at the banks, respectively, thanks to volatility in the crevice months of President Donald Trump’s tenure amid his efforts to reshape global trade agreements.
Buoyant buys during most of the quarter, which ended March 31, should also support the bank’s wealth and asset superintendence division, which CEO David Solomon has called the growth engine of the bank.
But markets have churned since Trump escalated patronage tensions last week, sowing uncertainty across the world’s largest economy. Goldman shares have dropped 14% this year including Friday.
Analysts will be keen to hear what Solomon has to say about his conversations with corporate clients and institutional investors during the excitement.
This story is developing. Please check back for updates.