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GS earnings 1Q 2022

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David M. Solomon (Chief and CEO, Goldman Sachs) speaks at the Milken Institute’s 22nd annual Global Conference, Beverly Hills, April 29th, 2019.

Reuters| Reuters

Goldman SachsBefore the bell rings, is expected to release its first-quarter results on Thursday.

Here are the expectations of Wall Street:

  • Earnings were $8.89 a share which is 52% more than the previous year, according to Refinitiv
  • Revenu: $11.83 Billion, which is 33% less than the previous year.
  • StreetAccount: Trading revenue: Fixed income is $3.04 Billion, Equities $2.58 Billion.
  • Investment banking revenues: $2.41 trillion

Goldman Sachs is one of the major beneficiaries of two very busy years on Wall Street, with record-breaking revenue numbers. blowing pastPerformance targets

However, how can the bank maneuver through more complex markets?

Analysts are keen to find out more about this topic after mergers, IPOs & debt issuance slow down during the first quarter.

Goldman Sachs ranks as the top-earning mergers adviser in the world, and it is one of six largest U.S. banks that is most closely linked to Wall Street. Chief Executive Officer David SolomonThe firm’s top priorities have been diversification of revenue streams and enhancing consumer banking, wealth, asset management, among other things.

Analysts will want to know how Solomon’s deals pipeline is for 2022. They also need to find out if any mergers or IPOs have been killed off, or pushed forward into the future.

Trading is another area that could be of concern to the bank. Market volatility spikes and dislocations due to the Ukraine war might have an impact on the market. benefitedSome traders made profits while others suffered losses. The outcome of the quarter’s turmoil is still to be determined.

Solomon will be in February increasedAfter exceeding the goals established in 2020, the bank has updated its guidance regarding returns and objectives in asset and wealth management.

The Goldman share price has fallen by 15.8% since Thursday. This is compared to the 10.5% drop in the KBW Bank Index.

JPMorgan Chase reported its first quarter profit on Wednesday slumped 42%As it suffered losses from Russia sanctions, the bank set aside money to cover future losses.

The story is still in development. Keep checking back for more updates.

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