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Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects

Goldman Sachs is expected to report weak second-quarter earnings due to a slump in investment banking and trading, as well as write-downs on commercial real estate and impairments related to the sale of its fintech unit GreenSky. The bank, which relies heavily on Wall Street activities, has warned of a 25% decline in trading revenue. However, there is a possibility that Goldman may exceed expectations, as JPMorgan Chase reported better-than-expected results last week. Analysts will also question CEO David Solomon about retrenching from consumer banking and the potential offloading of its Apple Card business to American Express.

The post Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects appeared first on Balanced News Summary.



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Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects

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