Goldman Sachs is about to report fourth-quarter earnings
Published On Jan 15, 2025, 12:01 AM
Goldman Sachs is set to report its fourth-quarter earnings with expectations for earnings per share at $8.22 and revenue at $12.39 billion. The bank is benefiting from a resurgence in investment banking and trading activities, anticipated to drive increases in revenues. The share price of Goldman Sachs has been robust, gaining nearly 50% over the past year, propelled by favorable market conditions following the Federal Reserve's easing measures and the political landscape.
Stock Forecasts
GS
Positive
Goldman Sachs has strong market momentum and is positioned to capitalize on increased investment banking and trading revenue. With Wall Street's overall activity picking up and a positive economic outlook, GS's financial performance is likely to exceed expectations. Analysts are leaning towards a positive reaction to the earnings report, given the anticipated growth in its investment banking and asset management segments.
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