Oh man, buckle up because we’re about to dive into the chaotic whirlpool that is Wall Street. David Solomon, the big cheese over at Goldman Sachs, was caught on camera at some Senate thingy in December. Dude’s probably worn out from all the economic roller-coaster lately.
So, Goldman’s set to drop their first-quarter numbers bright and early Monday. What are the brainiacs over on Wall Street thinking? Well, earnings might hit $12.35 a share if you trust this LSEG crowd. Not too shabby, right? Revenue could be a sky-high $14.81 billion, again if those numbers aren’t just some Wall Street wizardry. Trading’s big money too. Fixed Income might churn out $4.56 billion, and Equities another $3.65 billion, thanks to those clever folks at StreetAccount for the scoop.
Now, here’s the kicker. Goldman Sachs might just be the dark horse amidst the current market madness. Friday saw rivals like JPMorgan Chase and Morgan Stanley throwing confetti cuz their first-quarter results were a smash, all thanks to some wild equities trading.
Equities trading revenue just exploded for those guys—48% at JPMorgan and 45% at Morgan Stanley! Can you imagine? It’s like they found a winning lottery ticket in those opening weeks when Trump, in all his towering glory, was playing chess with global trade. Markets were on cloud nine most of that quarter (up until March 31st, if you’re keeping tabs) which is great news for Goldman’s wealth and asset management division. David Solomon’s been calling that the bank’s growth engine, and who doesn’t love a good growth spurt?
But hold onto your hats, folks. Since Trump decided to stir the trade pot last week, things have gotten real wobbly. Which, spoiler alert, hasn’t been great for Goldman, with shares nose-diving 14% this year. Yeesh.
Everyone’s got their ears perked up to hear what Solomon’s got to say about his pow-wows with the bigwigs in corporate and institutional investing circles during this swirl of uncertainty.
Anyway, that’s the hot tea for now. Keep checking back cuz this saga’s far from over, and you never know what plot twist Wall Street might throw at us next. 📈📉
