Goldman Sachs Reports Earnings Tuesday. What to Expect.

Goldman Sachs can prove that it’s serious about getting back to its investment banking roots when it posts third-quarter earnings on Tuesday.

And even though markets have been frenzied with the surge in bond yields, trading revenue isn’t expected to wow either. With deal-making and trading off sharply from the booming times of 2021, Wall Street will instead be focused on more strategic issues, such as the bank’s retreat from its costly foray into consumer banking.

“This transaction demonstrates our continued progress in narrowing the focus of our consumer business,” said Goldman CEO David Solomonsaid last week, noting the sale would allow the bank to focus on its strengths in investment banking and wealth management. “While GreenSky is an attractive business, we are focused on advancing the strategy we laid out for our two core franchises.”

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.

Earnings playbook: Netflix and Goldman Sachs headline a big week of reportsExpectations for the overall earnings season are muted.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Are Poised to Rise MondayThis week includes earnings reports from Tesla, Netflix, and Goldman Sachs.
Source: MarketWatch - 🏆 3. / 97 Read more »

Here's what all the major analysts expect from Goldman Sachs' earnings TuesdayThe bank is scheduled to report its third-quarter earnings on Tuesday before the market opens.
Source: CNBC - 🏆 12. / 72 Read more »

Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman SachsHedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs
Source: Investingcom - 🏆 450. / 53 Read more »