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Goldman Sachs fourth quarter results are coming — what the Street expects

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David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television on the Goldman Sachs Financial Services Conference in Latest York, US, on Tuesday, Dec. 6, 2022. 

Michael Nagle | Bloomberg | Getty Images

Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Tuesday.

Here’s what Wall Street expects:

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  • Earnings: $5.48 per share, 49% lower than a 12 months earlier, in line with Refinitiv
  • Revenue: $10.83 billion, 14% lower than a 12 months earlier.
  • Trading Revenue: Fixed Income $2.31 billion, Equities $2.14 billion
  • Investing Banking: $1.75 billion

How long will the investment banking drought last?

That is one in every of the highest questions analysts may have for Goldman CEO David Solomon.

While the fourth quarter was an unsightly one for bankers — Wall Street rivals JPMorgan Chase and Citigroup each posted declines in investment banking revenue of nearly 60% last week — analysts query the percentages of a rebound sometime later this 12 months.

They’ll also wish to hear Solomon’s views on headcount and expenses after the bank laid off as much as 3,200 employees last week, in addition to details about Goldman’s consumer operations because it scales back ambitions there.

Goldman shares have climbed 8.9% this 12 months going into Tuesday’s trading, compared with a 6.7% advance for the KBW Bank Index.

Last week, JPMorgan Chase and Bank of America topped profit expectations on surging net interest income, while Wells Fargo and Citigroup posted mixed results.  Morgan Stanley can also be scheduled to release results Tuesday.

This story is developing. Please check back for updates.

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