+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here comes Goldman Sachs earnings...

Jul 17, 2018, 16:00 IST

Getty/Bryan Bedder

Advertisement

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.

NOW READ: Goldman Sachs is about to name its next CEO - here are the execs who will be in and out, according to more than a dozen insiders

NOW WATCH: A Nobel Prize-winning economist says 'non-competes' are keeping wages down for all workers

Next Article