Goldman’s share value rose 3 % on Monday.

Doesn’t a financial institution like Goldman all the time make a lot of cash?

Err, no, not all the time.

How produce other banks fared?

On the finish of final week, a few of Goldman’s rivals, together with JPMorgan Chase and Wells Fargo, reported weaknesses in some components of their companies within the first quarter. Jamie Dimon, JPMorgan’s chief govt, warned of an “unsettling” world panorama, highlighting a cascade of pressures, together with warfare, rising geopolitical tensions and inflation. He described monetary markets as “too completely satisfied.”

As Goldman has a comparatively tiny client enterprise — suppose financial institution branches — it might climate the uncertainty higher than lenders with broader publicity to the economic system. It could even do effectively; Goldman stated Monday that it truly made more cash from its bank card arm, which runs playing cards for shops like Apple, partially as a result of clients have been carrying increased balances.

Morgan Stanley, one other financial institution with the same profile to Goldman, stories earnings on Tuesday.

What have financial institution leaders stated in regards to the economic system?

Financial institution earnings are intently adopted as a result of they typically comprise hints in regards to the economic system general, however this yr’s assortment has up to now painted a muddled image. Whereas Mr. Dimon was comparatively pessimistic, Citi stated its outlook for locations like Europe had improved just lately.

“General, after we take a look at the worldwide economic system, the energy appears to be resilient. We do anticipate that there might be a slowdown in progress by 2024, however whenever you take a look at the labor markets and the energy of the buyer, that appears to be holding up,” stated Mark Mason, Citi’s chief monetary officer.

Goldman’s chief govt, David M. Solomon, averted making a prediction on the economic system. On Monday, he stated that the financial institution was “constructive” on the well being of the U.S. economic system, however that “the trajectory continues to be unsure.”