Tag: Goldman Sachs

John Flood of Goldman Sachs says investors sweating a market correction can now breathe a sigh of relief as a number of factors are providing a "tailwind" for the stock market.

Goldman Sachs Group Inc (NYSE: GS) will release its first-quarter earnings results on April 15, 2024, before the opening bell. Analysts expect the New York-based investment bank to report first-quarter earnings of $8.56 per share, down from $8.79 a year ago. Goldman Sachs is expected to report quarterly revenue of $12.92 billion, compared with $12.22 billion in the same period last year, according to Benzinga Pro. On April 9, JMP Securities analyst Devin Ryan reported that Goldman Sachs' first-quarter earnings per share were $8.56, down from $8.79 a year earlier.

"The simple idea is that you just replace junior people with AI tools," a Deutsche Bank chief strategy officer told the New York Times.

Even if these proposals are successful, the researchers are not convinced that the division of labor will make the company better.

Reddit's IPO could open the door for others. Here are two investment banking stocks to buy today before they surge.