Goldman Sachs is due to report third-quarter earnings early Tuesday
Goldman Sachs Group Inc. marks the latest of the six largest U.S. banks to report third-quarter profit on Tuesday against mostly reduced Wall Street expectations for the sector and weak stock prices.Earnings: Analysts tracked by FactSet expect Goldman Sachs GS, +1.65% to report earnings of $5.74 a share, down from $8.25 a share in the year-ago quarter.
Estimize, which crowdsources estimates from academics, sell and buy-side analysts, retail investors and more, is expecting EPS of $6.02. Stock movement: Goldman Sachs stock holds the distinction of being the only big U.S. bank with a positive performance in the third quarter, with a slim 0.3% gain. Analyst have been tempering their expectations for Goldman Sachs amid a lackluster deal environment for M&A and initial public offerings.
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