Shares of the bank dropped 3% in premarket trading.
Goldman Sachs has thrived during the past two years — a booming period in capital markets that suited the bank's Wall Street-centric business model.The question is timely because the red-hot trading markets of the past year are expected to cool down in 2022. Fixed income trading in particular is expected to decline in the fourth quarter.
That's expected to be offset by robust investment banking revenue amid a high rate of mergers and SPAC deals. Analysts will be keen to ask Solomon how the transaction pipeline looks in early 2022. While trading revenue is expected to normalize from a record period, retail banks have gained favor with investors lately. That's because big bank peers like
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