Analisis Forex & Kajian: 19.07.2023 - Goldman Sachs releases...

19.07.2023 04:04 PM

Goldman Sachs releases second-quarter results

Today, one of the largest American banks, Goldman Sachs, released its Q2 2023 earnings report, which fell short of analysts' projections. The dip in profits was primarily attributed to losses related to commercial real estate and the sale of its credit division, GreenSky.

Earnings per share came in at $3.08, compared to economists' estimate of $3.18 per share. Revenue stood at $10.9 billion, slightly below the anticipated figure of $10.84 billion. The second-quarter profit declined by 58%, reaching $1.22 billion, or $3.08 per share. The downward trend was propelled by a sharp drop in investment banking activity and losses incurred from GreenSky and real estate, impacting the earnings per share. The company's revenue also fell by 8% to $10.9 billion.

Goldman Sachs disclosed write-offs totaling $504 million linked to GreenSky and $485 million in losses from the commercial real estate sector. These expenses were classified as operating costs, which increased by 12% to $8.54 billion.

Economists note that Goldman's CEO, David Solomon, is currently facing challenging business conditions, as the decline in investment banking and trading activities continues. Additionally, Goldman warned investors about further write-offs related to commercial real estate and losses associated with the planned sale of the fintech lender GreenSky.

During premarket trading, the bank's stock experienced a marginal decline of 0.3%. Over the past year, Goldman has witnessed a 2% dip in stock value, while the broader banking index, KBW, suffered a more significant 18% drop.

Premarket movers

Shares of Carvana surged by 16% after the online car retailer reached an agreement with bondholders to reduce its total outstanding debt by over $1.2 billion.

Omnicom's share price dropped by 6% as the marketing company failed to meet revenue expectations. Omnicom reported Q2 revenue of $3.61 billion, falling short of the projected $3.67 billion. Adjusted earnings per share stood at $1.81, slightly exceeding the estimated $1.80 per share.

Cinema's stock declined by 3.3% after JPMorgan downgraded the theater network's rating from "buy" to "hold," citing the impact of the ongoing Hollywood actors' strike.

Shares of JB Hunt Transport Services, a transportation and logistics company, lost 2.2% following disappointing quarterly results. JB Hunt reported Q2 earnings of $1.81 per share, accompanied by revenue of $3.13 billion. Analysts had predicted earnings per share of $1.92 and revenue of $3.31 billion.

Shares of US Bancorp, a major regional bank, suffered a minor decline of less than 1% after the bank released its Q2 results. The institution reported adjusted earnings of $1.12 per share and revenue of $7.18 billion. Analysts had anticipated earnings per share of $1.06 and revenue of $7.17 billion.

Regarding the technical outlook for the S&P 500, demand for the index remains strong. Bullish traders have an opportunity to sustain the upward trend, but they must push the index to consolidate above $4,567. Breaching this level could propel the index towards $4,589. Another priority task for the bulls is to maintain control above $4,637 to strengthen the bull market. If the index declines amid decreasing risk appetite, buyers must act around $4,539. A breakout below this level would quickly push the trading instrument back to $4,515 and open the way to $4,488.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Pasaran Saham pada 13 Mei: S&P 500 dan NASDAQ

Pasaran saham pada 12 Jun: SP500 dan NASDAQ sedikit menurun

Dataran Kewangan atau Landasan Lonjakan? Apa yang Mendorong Penangguhan Seketika Pertumbuhan Pasaran?

Kemaskini mengenai pasaran saham AS pada 11 Jun

Optimisme Semakin Pudar: Mampukah Pasaran Mengekalkan Daya Penggerak Baharu?

Pasaran Saham pada 10 Mei: S&P 500 dan NASDAQ Kembali Meningkat Berikutan Hasil Rundingan

Pasaran AS melonjak disokong data pekerjaan

Gambaran Keseluruhan Pasaran Saham pada 9 Mei: S&P 500 dan NASDAQ Catat Kenaikan Ketara

Seminggu Lagi Sebelum Keputusan Fed: Reaksi Indeks Sekiranya Inflasi Mengubah Jangkaan

Pasaran Saham pada 10 Mei: S&P 500 dan NASDAQ

Analisis terbaik