Goldman Sachs

Analysts agree this will be another tough quarter for Goldman Sachs, but they disagree on how tough it will be…

Banks have shaken off a crisis for now, but the troublesome economic outlook poses another threat.

Banks are finding it hard to recover from the fallout caused by the collapse of Silicon Valley Bank and Signature Bank last month.

US banks are set to underperform and report a sharp drop in earnings as provisions and charge-offs continue to grow amid the uncertain outlook.

Goldman Sachs is expected to have a much tougher time in 2022 following the record revenue and earnings seen last year.

Goldman Sachs shares could be about to make a potential breakout, and its quarterly results could prove to be the trigger.

Goldman Sachs rallied on Friday as a record level of M&A (merger and acquisitions) and IPO’s (initial public offerings) across Wall Street saw Q3 profits surge over 60%.

Banks have booked strong gains this year. What comes next depends on Q3 earnings and whether lending is finally showing signs of picking up.