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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs has a bunch of new buy-rated stocks — and says 5 have upside of more than 90%Goldman Sachs' analysts have given 49 stocks a 'buy' rating since January, and expect five of them to rally over 90% this year. What’s their up percentage and average return. Check our vids. LikeShareFollow Lemme guess, Pro content? Twitter should charge for posting stuff that are essentially ads for paid content.
Source: CNBC - 🏆 12. / 72 Read more »
Ethereum, Dogecoin and Shiba Inu Chipping Away at Bitcoin's Crypto Payment Market Share$ETH, $LTC, $SHIB, $DOGE are among the most popular cryptocurrencies with BitPay clients BitPay Litecoin is second!
Source: Utoday_en - 🏆 295. / 63 Read more »
Goldman Sachs has a bunch of new buy-rated stocks — and says 5 have upside of more than 90%Goldman Sachs' analysts have given 49 stocks a 'buy' rating since January, and expect five of them to rally over 90% this year. What’s their up percentage and average return. Check our vids. LikeShareFollow Lemme guess, Pro content? Twitter should charge for posting stuff that are essentially ads for paid content.
Source: CNBC - 🏆 12. / 72 Read more »