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Earnings live updates: Goldman Sachs results kick off earnings season as macro pressures mount
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. The first quarter earnings season is kicking off at an uncertain time for markets. Goldman Sachs (GS) marshals a parade of bank and asset manager earnings this week, including from JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), BlackRock (BLK), Bank of America (BAC), and Morgan Stanley (MS). Later in the week, Netflix (NFLX), Johnson & Johnson (JNJ), ASML Holdings (ASML), and PepsiCo (PEP) also feature on the corporate update schedule. Despite risks surrounding the Iran war, artificial intelligence, and delayed Fed rate cuts, Wall Street analysts have remained optimistic about earnings growth, the stock market’s primary driver over the long term. According to FactSet’s John Butters, analysts expect the S&P 500 (^GSPC) to report its sixth consecutive quarter of double-digit earnings growth. Follow along for the latest earnings updates. Goldman Sachs’ (GS) profits climbed in the first quarter, fueled by jumps in M&A dealmaking and record equity trading. But the stock dropped 3% in premarket trading as intermediation revenue for fixed income, currencies, and commodities fell short of expectations. Yahoo Finance's David Hollerith reports: Read more here. Goldman Sachs (GS) is kicking off a week of earnings for Wall Street’s biggest banks on Monday, with reports from JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), and Morgan Stanley (MS) following on Tuesday and Wednesday. A growing list of concerns will put their ability to churn out profits to the test. My colleague David Hollerith previews what to expect from their corporate updates this week: Read more here. Wall Street analysts are coming into the first quarter earnings season with a dose of optimism. According to FactSet’s John Butters, the S&P 500 (^GSPC) is expected to report double-digit earnings growth for the sixth quarter in a row. Analysts have upwardly revised their estimates, expecting year-over-year earnings growth of 13.2% for the index. Still, the quarter brought a series of external events that have altered the business environment and are likely to be discussed on earnings calls: The big Wall Street banks report quarterly results this week, marking the unofficial start of the Q1 earnings season. We’ll also be keeping a close eye on a report from streaming giant Netflix (NFLX) as well as results for pharmaceutical maker Johnson & Johnson (JNJ), chip equipment manufacturer ASML Holding N.V. (ASML), and PepsiCo (PEP) later in the week. Here’s this week’s lineup at a glance: Read more about the week ahead for stocks and economic data.
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