Goldman SachsIt is set to announce third-quarter earnings prior to the opening bell on Friday.

Here are the expectations of Wall Street:

• Refinitiv reports that earnings are $10.11 per share, 13% above a year prior.
• Revenues: $11.67 Billion, 8.3% more than last year.
• StreetAccount estimates that Investment Banking Revenue is $2.93 Billion
• Fixed Income, Trading Revenue, and Equities, $1.97 trillion, respectively

What will Goldman Sachs do about the drop in bond trading revenues for its third quarter?

It’s an important question for Goldman because trading is more profitable than its large bank counterparts.

However, the CEO David SolomonThere are many levers that can be pulled to compensate for a decrease in fixed income revenues. Goldman, the premier investment banking bank in the world, is where analysts can expect to see strong revenues from mergers as well as IPO activity.

High equity values should be a benefit to the wealth management and asset management business of the firm. In addition, the company’s consumer banking business has grown. Solomon continues to strive for steady results.

Analysts will likely ask Solomon why he spent $2.24 trillion. acquisitionGreenSky, a fintech lender. It is anticipated that the deal will close in the first quarter 2022.

Last month, the bank announced that Stephen Scherr, CFO of the bank would be retiring by year’s end. replacedDenis Coleman, currently the Global Financing Group’s co-head.

The Goldman Shares have risen 47% in the past year to surpass the 37% increase of the KBW Bank Index.

Goldman, the sixth-largest U.S. bank to report earnings, is last. JPMorgan Chase Bank of America Morgan Stanley Citigroup Wells FargoAll exceeded expectationsReserve releases and high investment banking revenues can be used to increase profit and revenue.

This is a developing story. Keep checking back for more updates.