Here comes Goldman Sachs earnings… (GS)
Goldman Sachs is expected to announce second-quarter earnings results Tuesday morning.
Analysts expect the bank to report adjusted earnings per share of $4.66, an 18% increase from last year.
Here’s what else analysts will be looking for:
- Revenue: $8.76 billion
- Net income: $1.86 billion
- Business conditions: Goldman’s competitors have reported better-than-expected trading results, driven by good client activity in June. Equities, an area in which Goldman has been investing, is expected to do better than fixed-income. Investors will also look for details from Chief Financial Officer Marty Chavez on the strength of the M&A pipeline, which was at near-record levels heading into the quarter.
- Succession: All of Wall Street will also be listening to what the bank says about Lloyd Blankfein and his tenure as CEO. The firm is reportedly preparing to formally name President David Solomon as his replacement and lay out a timeline for the hand-off.
Read the full article from it’s original source: http://uk.businessinsider.com/goldman-sachs-earnings-as-solomon-to-succeed-blankfein-2018-7