Goldman Sachs reports third-quarter earnings before the bell

Core Viewpoint - Goldman Sachs is expected to report strong third-quarter earnings, benefiting from favorable market conditions and increased investment banking activity [1][2]. Group 1: Market Trends - Trading desks across Wall Street have gained from President Trump's tariff policies, which have created volatility in various markets including bonds, currencies, commodities, and stocks [1]. - Investment banking activity, including mergers and IPOs, has seen a revenue increase of 22% year-over-year in the third quarter [2]. Group 2: Company Performance - Goldman Sachs derives the majority of its revenue from trading and investment banking, leading to significant returns during favorable market conditions [2]. - The firm announced the acquisition of Industry Ventures, a venture capital firm with $7 billion in assets under supervision, to enhance its asset management division [3]. - Shares of Goldman Sachs have increased by 37% this year [3]. Group 3: Financial Metrics - Earnings per share are projected at $11, with total revenue expected to be $14.1 billion [4]. - Trading revenue is broken down into Fixed Income at $3.19 billion and Equities at $3.9 billion [4]. - Investment banking fees are anticipated to be $2.15 billion [4].