Goldman Sachs is about to report fourth-quarter earnings

Earnings Reports - JPMorgan Chase, Wells Fargo, and Citigroup are reporting results on Wednesday, while Bank of America and Morgan Stanley are due to report on Thursday [1] - Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell on Wednesday [2] Goldman Sachs Performance - Goldman Sachs shares jumped nearly 50% last year, outperforming its big bank rivals, driven by the Federal Reserve's easing cycle and the November election of Donald Trump, which boosted expectations for mergers and stock deals [3] - The bank's fourth-quarter results are expected to show a double-digit percentage rise in investment banking and trading fees, with investment banking revenue for the industry jumping 29% in the quarter, fueled by rising advisory and equity capital markets activity [4] - The buoyant stock market late last year is expected to boost results within Goldman Sachs' asset and wealth management division, which CEO David Solomon has called the growth engine of the firm [5] Strategic Shift - Goldman Sachs has shifted away from an ill-fated foray into consumer finance, a strategic pivot that has led to a different setup compared to a year earlier when the company faced mounting losses and pressure from internal stakeholders [6] Financial Metrics - Goldman Sachs' earnings are expected to be $8 22 per share, with revenue of$12 39 billion [7] - Trading revenue includes $2 45 billion from Fixed Income and$3 billion from Equities, while Investing Banking Revenue is expected to be $2 01 billion [7]