Analysts predict Goldman Sachs to report earnings per share of $8.56 and revenue of $12.92 billion. The company's CEO, David Solomon, spoke about the company's performance at the World Economic Forum Annual Meeting in Davos. Despite previous challenges, Goldman Sachs posted better-than-expected trading results and a rebound in investment banking fees in the first quarter. The company's focus on its asset and wealth management division is expected to drive growth.
Analysts polled by LSEG expect earnings per share of $8.56 and revenue of $12.92 billion. David Solomon , Chairman & CEO Goldman Sachs , speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Trading Revenue: Fixed income of $3.64 billion and equities of $2.95 billion, per StreetAccountDormant capital markets and missteps tied to Solomon's ill-fated push into retail banking should give way to stronger results this year.
Unlike more diversified rivals, Goldman gets most of its revenue from Wall Street activities. That can lead to outsized returns during boom times and underperformance when markets don't cooperate.for growth has centered on its asset and wealth management division. The business could see gains from buoyant markets at the start of the year, though it also has taken write-downs tied to commercial real estate in the past.
Goldman Sachs Earnings Revenue David Solomon Trading Results Investment Banking Asset Management Wealth Management
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