Goldman Sachs is about to report fourth-quarter earnings

Goldman Sachs is scheduled to report fourth-quarter earnings earlier than the opening bell Wednesday.

Here’s what Wall Street expects:

• Earnings: $8.22 per share, in accordance with LSEG
• Revenue: $12.39 billion, in accordance with LSEG
• Trading Revenue: Fixed Income of $2.45 billion, Equities of $3 billion, per StreetAccount
• Investing Banking Revenue: $2.01 billion, per StreetAccount

Goldman Sachs is using a wave of enthusiasm over a rebound in Wall Street offers.

The financial institution’s shares jumped almost 50% final 12 months, topping its huge financial institution rivals, because the Federal Reserve’s easing cycle and the November election of Donald Trump boosted expectations for mergers and inventory offers.

Goldman’s fourth-quarter outcomes will give traders a preview of what to anticipate this 12 months, as funding banking and buying and selling charges are each anticipated to rise by double digit percentages. Investment banking income for the business jumped 29% within the quarter, per Dealogic figures, fueled by rising advisory and fairness capital markets exercise.

Furthermore, the buoyant inventory market late final 12 months ought to enhance outcomes inside the agency’s asset and wealth administration division, which CEO David Solomon has referred to as the expansion engine of the agency.

For Solomon, the setup could not be extra completely different than a 12 months earlier, within the aftermath of a strategic pivot away from an ill-fated foray into client finance. Back then, Solomon was underneath strain to appease inner stakeholders together with Goldman companions as losses tied to client finance mounted, and as Wall Street offers dried up due to rising charges and heightened regulatory scrutiny.

JPMorgan Chase can be reporting outcomes Wednesday, together with Wells Fargo and Citigroup, whereas Bank of America and Morgan Stanley are because of report on Thursday.

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