Goldman’s share worth rose 3 p.c on Monday.

Doesn’t a financial institution like Goldman all the time make a number 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 elements 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 conflict, rising geopolitical tensions and inflation. He described monetary markets as “too glad.”

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

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

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

Financial institution earnings are carefully adopted as a result of they typically comprise hints in regards to the economic system total, however this yr’s assortment has to this point painted a muddled image. Whereas Mr. Dimon was comparatively pessimistic, Citi mentioned 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 means of 2024, however if you take a look at the labor markets and the energy of the patron, that appears to be holding up,” mentioned Mark Mason, Citi’s chief monetary officer.

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