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.
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