Goldman Sachs Group Inc. (GS) Expected To Report Dip In Q1 2016 Profit, Revenue
American investment banking giant Goldman Sachs Group Inc. will report its first-quarter earnings before markets open Tuesday. Analysts expect the company to report earnings of $2.45 a share, down from $5.94 a share it earned in the first quarter of 2015.
The bank, which recently agreed to pay out over $5 billion to settle allegations related to the sale of subprime mortgage to investors between 2005 and 2007, is also forecast to report a 36.6 percent year-on-year drop in revenue, to $6.73 billion in the first three months of 2016 from $10.6 billion.