While Goldman Sachs hasn't been walloped by expected loan losses tied to the coronavirus like other rivals, the firm has yet to convince investors its new businesses will drive earnings growth.
Here's what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv.Trading Revenue: Fixed Income $2.03 billion, Equities $2.02 billion, according to FactSet.David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.is scheduled to report third-quarter earnings before the opening bell Wednesday.Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv.
While Goldman Sachs hasn't been walloped by expected loan losses tied to the coronavirus like other big bank rivals, the firm has yet to convince investors its new businesses will drive earnings growth and share appreciation.digital bankingIt's also pushing to get more revenue from wealth management, like rival Morgan Stanley, but hasn't announcedGoldman shares have fallen 8.3% this year, a smaller decline than most big banks and the 31% drop of the KBW Bank Index.
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