"Goldman Sachs' Third-Quarter Earnings: Analyst Expectations and Consumer Banking Exit"

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Source: CNBC
"Goldman Sachs' Third-Quarter Earnings: Analyst Expectations and Consumer Banking Exit"
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TL;DR Summary

Goldman Sachs is set to report its third-quarter earnings, with Wall Street expecting earnings of $5.31 per share and revenue of $11.19 billion. As the most reliant on investment banking and trading revenue among its peers, Goldman Sachs has faced challenges due to a slowdown in mergers, IPOs, and debt issuance. Analysts will be interested in hearing about the company's deal pipeline and its outlook on investment banking. Goldman Sachs has also faced losses from its retrenchment away from retail banking and exposure to commercial real estate. The company's shares have dropped 8.4% this year, outperforming the KBW Bank Index.

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