Here comes Goldman Sachs...
Goldman Sachs is expected to report third-quarter earnings at 7:30 a.m. ET on Wednesday.
Analysts are expecting adjusted earnings per share of $4.80 on revenue of $7.76 billion, according to Bloomberg.
Trading revenue is expected to come in at $3.45 billion, while investment banking revenue is expected to be $1.47 billion.
In the same quarter last year, Goldman Sachs beat expectations, if you exclude a big one-off settlement. It reported diluted earnings per share of $1.27 ($3.62 expected) on revenue of $7.27 billion ($7.11 billion expected), after paying a mortgage-backed securities-related settlement that reduced diluted earnings by $3.41 per share. Adjusted earnings per share were $4.68.
In the third quarter, Goldman Sachs had a big beat, reporting diluted EPS of $4.88 ($3.88 expected) on revenue of $8.17 billion ($7.41 billion expected).
"We saw solid performance across the franchise that helped counter typical seasonal weakness," CEO Lloyd Blankfein said in a statement at the time.
Bank of America, JPMorgan, Wells Fargo, and Morgan Stanley have already reported fourth-quarter earnings. Citigroup is set to report around 8:00 a.m. ET Wednesday.
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