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U.S. Day Ahead: Goldman Sachs earnings could fizzle

Monday, April 15, 2013 - 01:55

Apr 15 - From a sizzling fourth-quarter to a fizzling first-quarter, don't expect Goldman Sachs to wow investors with its earnings.

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If you're betting on another quarter huge profits from Goldman Sachs and you may want to think again. Its earnings are set to shrink from a year ago when it reports results because of a predicted slowdown in deal making in equity trading. It's a far cry from -- when -- dropped nearly triple. Still can't quite surprised investors. Well the obvious way to do better restaurant weeks ago that's -- Goldman Sachs is what days. Is what it does -- compensation. And -- -- demonstrations. Set aside this is revenues to pay stuff. If it continues sitting on a quarterly basis as it's just me and at the end it's gonna have more money for shareholders and even if revenue doesn't go up. It will have much more earnings. Goldman shares are up you know 25%. In the last you. Expect to see more stress and housing market with the release of new construction numbers. Experts -- IR SA starts to rise to 930000. -- his home builders ramp up production to meet demand. One existing homes tumbled to a thirteen year low you're danger digit is anything below 900000. Builders are actually less optimistic about the market than previously. The big question for markets is when will gold stop its freefall. Precious metal was on track for its worst day ever at one point only thirty dollars in a matter of minutes and ended up sinking nearly 8%. But he has more could wind -- point one trader at night. We have a 50% retracement. That was from succeeding one lower -- -- And it's thirteen hundred so we have to see how -- reacts. It's also lows of 2000 look it's a very big number. And he can catch more of that interview on inside. Football's on Twitter Reuters Insider and you get more of our videos that Reuters dot com slash Reuters TE. I'm Fred Katayama and this is what.

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U.S. Day Ahead: Goldman Sachs earnings could fizzle

Monday, April 15, 2013 - 01:55