Analysts expect yet another lackluster quarter for Goldman Sachs , but are not ready to turn away from the stock.
Analysts expect earnings per share of $5.31 and net revenue of nearly $11.19 billion, according to estimates from LSEG.
"We believe GS is well positioned to benefit from positive secular capital markets related trends (trading benefiting from volatile markets).
Jefferies similarly expects a muted quarter for Goldman, forecasting $5.09 per share in third-quarter earnings.
The deal will result in a 19 cents per share reduction to the bank's third-quarter earnings, Goldman said.
Persons:
Goldman Sachs, Goldman, Jason Goldberg, Goldberg, Jefferies, Daniel Fannon, Fannon, Ebrahim Poonawala, Wells, Mike Mayo, Mayo
Organizations:
Goldman, Bank of America, Downside, Sixth
Locations:
LSEG, New York, Goldman Sachs, Friday's, Wells