Last quarter, Goldman Sachs did what it’s known to do and crushed earnings. Tomorrow, the bank reports for Q2 2013 before the bell, with a conference call to follow at 9:30 a.m.
Analysts are expecting an earnings per share of $2.82 (down from last quarter’s $4.29) and revenue of %7.9 billion (down from last quarter’s $10.09 billion).
Two things to pay special attention to in this quarter’s release:
- Debt and equity underwriting: Those two sectors of Goldman’s business saw the biggest jump in revenue last quarter, experiencing a 69% and 53% jump in revenue year over year, respectively. Total debt underwriting was up 63%. All of Wall Street amped up this business last quarter, but Goldman lead the charge.
- Sales and trading: Last quarter Goldman’s S&T team did better than anyone else’s on the Street, but they were still down 7%.
See you bright and early.
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