Goldman Sachs (GS) will report Q2 earnings tomorrow before the open.
The Capital IQ Consensus Estimate for Q2 EPS stands at $3.91 (vs $5.81 a year ago) on sales growth of 3.2% to $9.76 bln.
On June 29 Goldman issued its stress test statement. The Fed notified GS of Stress Capital Buffer of 6.7%.
Earnings expectations for GS have ratcheted up in the last three months with this period's EPS showing $3.23 just 90 days ago.
TECHS:
Shares have recovered around 60% off the mid-March lows and currently stand a notch above the 200-day.
GS holds a nearly $72.5 bln market capitalization and trades at roughly 12.1x forward FY20 earnings estimates.
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