Goldman Sachs earnings on deck as CEO David Solomon feels pressure to boost profits

shares edged higher in pre-market trading ahead of the investment bank's third quarter earnings prior to the opening bell.

Merger activity is over the first nine months of 2023 is down around 27% from last year's levels, according to Refinitiv data, with around $2 trillion in deals completed - the lowest total since 2013. Overall third quarter fees, according to Dealogic, are down 17% from last year at $15.2 billion. Goldman will also take a 19 cents per share hit to its third quarter earnings from the sale of GreenSky, it home improvement lending unit, which wrapped-up earlier this month.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expectsWhile Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expectsWhile Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

Goldman Sachs Reports Earnings Tuesday. What to Expect.The bank's profit in the third quarter is expected to fall by 32%, to $2 billion.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »