How are you trading Goldman Sachs ahead of Thursday's earnings?
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.
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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?