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



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David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs is scheduled to report first-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings: $8.10 per share, 25% lower than a year earlier, according to Refinitiv.Revenue: $12.79 billion, 1.1% lower than a year earlier.Trading Revenue: Fixed Income $4.16 billion, Equities $2.9 billion, per StreetAccount.Investing Banking Revenue: $1.44 billionrelated investing news 7 hours agoHow did Goldman’s traders perform last quarter?The answer to that question will determine whether Goldman exceeds or misses expectations for the first three months of this year.Unlike its more diversified rivals, Goldman gets the majority of its revenue from Wall Street activities including trading and investment banking. With the advisory business remaining subdued because the IPO window remains mostly shut, it’s up to traders to pick up the slack.Heading into the quarter, analysts wondered whether turmoil during March — in which two American banks failed and a global investment bank was forced to merge with a longtime rival — would provide a good or bad backdrop to trading.That question was seemingly answered by JPMorgan Chase and Citigro …

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