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Earnings Season: Will Goldman Sachs be "under assault" too?
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Goldman Sachs is due to report at the end of a week which has seen the big beasts of US banking report Q4 2014 earnings. JP Morgan Chase was hit by a billion dollar legal bill and saw profits drop 6.6%. CEO Jamie Dimon warned that banks are "under assault"; in which case how can investors protect themselves?
Saxo Bank's Head of Equity Strategy Peter Garnry gives us his thoughts ahead of the earnings report and looks at trading strategies with the Goldman Sachs earnings per share estimate at around USD 4.36 down from USD 5.00 in Q4 2013.