Goldman Sachs is about to report fourth-quarter earnings — here's what the Street expects

Core Viewpoint - Goldman Sachs is positioned to benefit from several favorable trends in the fourth quarter, with expectations for strong earnings and revenue growth [1]. Group 1: Earnings Expectations - Goldman Sachs is scheduled to report fourth-quarter earnings, with expectations of earnings per share at $11.67 and revenue at $13.79 billion [4]. - The trading revenue is anticipated to include $2.93 billion from fixed income and $3.70 billion from equities, alongside investment banking fees of $2.58 billion [4]. Group 2: Market Trends and Performance - Trading desks across Wall Street have seen benefits from market volatility driven by President Trump's policies, with JPMorgan Chase exceeding expectations in fourth-quarter results by $460 million in trading revenue [2]. - Global investment banking revenue is reported to be 12% higher than the previous year, which is expected to positively impact Goldman Sachs' advisory business [3]. - The asset and wealth management division of Goldman Sachs is also expected to see gains due to buoyant stock market levels during the quarter [3]. Group 3: Strategic Moves - Goldman Sachs' recent deal to offload its Apple Card business to JPMorgan is projected to provide a 46-cent per share boost to its quarterly results [3].