David Solomon, CEO of Goldman Sachs, testifies during a hearing of the Senate Bank Committee in the heart Senate Office Building in Washington, DC, on December 6, 2023.
Win McNamee | Getty images
Goldman Sachs is planned to report the profit of the first quarter for the opening bell Monday.
This is what Wall Street expects:
- Profit: $ 12.35 per share, according to LSEG
- Proceeds: $ 14.81 billion, according to LSEG
- Trade income: fixed income of $ 4.56 billion and shares of $ 3.65 billion, per street account
- Investing bank income: $ 1.94 billion, per street account
Goldman Sachs can prove to be a beneficiary of the recent market environment.
On Friday, rivals JPMorgan Chase And Morgan Stanley Every top expectations for the results of the first quarter on trade with shares of flowering shares.
The trade revenues of shares rose by 48% and 45% at the banks respectively, thanks to the volatility in the opening months of the term of office of President Donald Trump in the midst of his efforts to reform worldwide trade agreements.
Floating markets In most of the quarter, which ended on March 31, the Wealth and Asset Management division of the bank, which CEO David Solomon has called the Bank’s growth motor.
But the markets have been dedicated since Trump escalated the trade tensions last week, sawing uncertainty about the largest economy in the world. Goldman shares have fallen 14% this year up to and including Friday.
Analysts will gladly hear what Solomon has to say about his conversations with business customers and institutional investors during the tumult.
This story is developing. Come back for updates.