As U.S. politicians scramble to reach an eleventh hour deal to end a budget debate and raise the debt ceiling, third-quarter bank earnings get into full swing this week with the likes of Goldman Sachs, Citigroup and Bank of America all slated to report.
Goldman is expected to post double-digit percentage declines in both earnings per share and revenues in what has been a relatively weak tepid earnings season thus far.
(Read more: As DC deals, banks get earnings off to rough start)
On Friday, Wells Fargo posted a modest beat of 99 cents per share against the 97 cents expected, while JPMorgan swung to a loss 17 cents a share, well below estimates for a $1.20 gain.
Analysts have been slashing earnings estimates for Wall Street banks in recent weeks with Bernstein Research analyst Brad Hintz predicting a 20 to 25 percent decline in trading volumes for the quarter.
So given the recent pessimism, how are you trading Goldman Sachs ahead of its Thursday report card?
