Goldman Sachs to report third-quarter earnings

Published On Oct 15, 2024, 12:01 AM

Goldman Sachs is set to report its third-quarter earnings with analysts expecting an EPS of $6.89 and revenue of $11.8 billion. The positive outlook for the bank is fueled by falling interest rates, which are anticipated to encourage corporations to engage in mergers and acquisitions. Additionally, Goldman Sachs is expected to benefit from gains in its asset and wealth management segment due to rising asset values in the market.

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Positive

Given the favorable trends in interest rates and the outcomes delivered by competitors like JPMorgan and Wells Fargo, Goldman Sachs is likely to exceed earnings expectations, reflecting a positive sentiment in trading and investment banking areas.

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