News Formal

Here's what all the major analysts expect from Goldman Sachs' earnings Tuesday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The bank is scheduled to report its third-quarter earnings on Tuesday before the market opens.

Analysts expect earnings per share of $5.31 and net revenue of nearly $11.19 billion, according to estimates from LSEG. That would result in a 36% decline from Goldman's $8.25 per share profit, as well as a slight revenue decline, from the same period last year. Gloomy results would follow a series of quarterly losses for Goldman.

This marks the seventh consecutive quarter where the firm lowers its estimates due to lower investment banking and sales & trading activity, analyst Daniel Fannon wrote. Still, Jefferies said it likes Goldman in the short term. Ongoing traction around new initiatives in transaction banking and wealth management, as well as increasing capital markets activity throughout the second half of 2023, add to the firm's $387 base case price target. That forecast implies upside of 25%.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Earnings playbook: Netflix and Goldman Sachs headline a big week of reportsExpectations for the overall earnings season are muted.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Goldman Sachs Wants Out of the Apple Card Business, Report ClaimsThe Wall Street giant is expected to disappoint in Tuesday's third-quarter earnings, with the Apple partnership facing intense scrutiny.
ソース: Gizmodo - 🏆 556. / 51 続きを読む »

How Goldman Sachs Fumbled Its Consumer BusinessWhen Goldman Sachs entered the credit card space in 2019, many consumer banks were concerned that a new competitor had emerged. But just four years later, the firm is pulling back. We explain why. Photos: Reuters
ソース: WSJ - 🏆 98. / 63 続きを読む »