JP Morgan and Goldman Sachs to lead Wall Street profit haul on back of Iran war
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Wall Street banks are set to report their fourth quarter earnings, with JP Morgan and Goldman Sachs leading the pack. However, Goldman Sachs is expected to have a worse quarter due to its reliance on trading revenue, which has been impacted by various factors such as the Volcker Rule and low investor appetite for risk.
Wall Street banks will report their fourth quarter earnings, starting with JP Morgan. Goldman Sachs is expected to have a worse quarter due to its reliance on trading revenue. The bank's trading revenue has been impacted by the Volcker Rule and low investor appetite for risk. Analysts expect Goldman's revenue to decline by 21% from Q4 2012 to Q4 2013. JP Morgan, on the other hand, is expected to perform better due to its diversified business model. The bank's earnings will be closely watched by investors and analysts.
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