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Earnings Season Starts!
Information is not investment advice
What will happen?
The much-awaited earnings season is about to start! The first company that will deliver its financial results for the second quarter will be Goldman Sachs.
Goldman Sachs is an American multinational investment bank. It is going to deliver its Q2 financial results on July 13 at 14:30 and 15:30 GMT+3. The GS’s forecast is $9.96 earnings per share. Last time, the bank beat the estimates due to the rise in wealth and consumer banking revenues after the Covid-19 crisis. However, this time, the result may be weaker than expected as Wall Street analysts have predicted trading revenue at top US banks slumped by 28%.
If Goldman Sachs reveals better-than-expected EPS, it may break above the psychological mark of $380.00, which will open the doors towards the high of June 4 at $390.00. Support levels are the low of June 8 at $360.00 and the 100-day moving average of $350.00.
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