Goldman Sachs CEO: Global economy continues to face significant headwinds

Earlier today Goldman Sachs reported Q3 earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term of $8.25 vs. $7.69 expected. Revenues came in at $11.98 billion vs. 11.41 billion expected.

The Goldman Sachs CEO and CFO are speaking now and they say:

• global economy continues to face significant headwinds
• not seeking retail customers on a large-scale anymore
• backlog of deals remain robust
• Outlook will remain unsettled as we head into Q4
• see some signs of credit deterioration in consumer

The shares of Goldman Sachs are trading higher by $12.59 or 4.10% at $319.30. Looking at the daily chart, the price gapped above its 100 day moving average at $316.58. That is now close risk for traders looking for more upside. On the topside, the 200 day moving average at $327.93 is the next target followed by the 38.2% retracement of the move down from the 2022 high which comes in at $334.50.

Goldman Sachs close 2021 at $382.55. The corrective high in August reached $358.62.