Goldman Sachs and Morgan Stanley Report Strong Earnings Momentum Ahead of Q3 Results
This week marks the start of third-quarter earnings season, led by major U.S. financial institutions including Goldman Sachs (GS) and Morgan Stanley (MS). Analysts have significantly raised their profit forecasts for these firms in recent months due to strong performance across key business lines such as investment banking and equities trading. Goldman Sachs has seen its consensus EPS estimate rise over 300% in the past three months, driven by a high-profile IPO and strategic moves like bidding on Palmer Square Capital Management. Morgan Stanley's estimates have also surged, with expectations of $2.94 per share for Q3. Both banks are expected to benefit from continued strength in M&A advisory services. Investors will closely watch how rising bond yields impact lending activity and startup funding as well as the broader market implications.
Topics: Analyst Upgrades Goldman Sachs Morgan Stanley S&P 500 Earnings Season
Part of the story Goldman Sachs Reports Strong Q3 Earnings with Record Revenues Across Key Divisions (13 articles)