"Goldman Sachs' 4Q 2023 Earnings Report: A Focus on Attracting the Super-Rich"

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Source: CNBC
"Goldman Sachs' 4Q 2023 Earnings Report: A Focus on Attracting the Super-Rich"
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TL;DR Summary

Goldman Sachs is set to report fourth-quarter earnings with Wall Street expecting earnings of $3.51 per share and revenue of $10.8 billion. CEO David Solomon has faced challenges, but there is hope for a turnaround after pivoting away from consumer banking efforts. Analysts are looking for signs of a rebound in 2024, as corporations may be ready to act this year. Unlike its rivals, Goldman relies heavily on Wall Street revenue, which can lead to outsized returns during boom times and underperformance when markets don't cooperate.

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