Goldman Sachs Group Inc (NYSE:GS)., a leading U.S. bank, is preparing to announce its Q3 results amidst lowered expectations on Tuesday. The forecasted earnings stand at $5.74 per share, with revenue projected around $11.15 billion. Both these figures indicate a decline from the same period last year.
Notably, Goldman Sachs' stock has seen an overall drop of 8.5% over the past month according to InvestingPro data, which also reveals a 1 Month Price Total Return of -8.22%. Yet, it was the only major U.S. bank to register a positive Q3 performance, posting a modest 0.3% gain. This performance comes under the leadership of CEO David Solomon, whose management decisions have been closely watched by investors.
InvestingPro Tips highlight that the management has been aggressively buying back shares, which could be a positive sign for investors. Goldman Sachs has also raised its dividend for 11 consecutive years, a fact that might interest income-focused investors.
One of the key issues under Solomon's management has been losses in the consumer banking unit. The bank's handling of this issue will be under close scrutiny during this earnings announcement.
In addition to these concerns, potential trading revenue from volume in Treasurys and other assets could serve as a bright spot amid uncertainty across other investment banking sectors.
The strategic management decisions of the bank will also be in focus, especially following the sale of the GreenSky unit for $500 million. This move is seen as another crucial aspect that will attract investor attention during the earnings announcement.
InvestingPro data also reveals that the bank's Market Cap stands at $109.09 billion, with a P/E Ratio of 13.25. The bank's revenue for the last twelve months was $43.76 billion, indicating a strong financial position despite the declining trend in earnings per share, as pointed out in InvestingPro Tips.
For more insightful tips and real-time metrics, consider checking out InvestingPro's platform here. With additional 9 tips for Goldman Sachs and numerous metrics available, InvestingPro offers a comprehensive toolkit for investors looking to make informed decisions.
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