Jan. 17 - Thomson Reuters Senior Analyst John Kozey says StarMine shows high chances of a miss when Goldman Sach's reports fourth-quarter results before the bell.
Parents you're US day ahead fourth quarter results from Goldman Sachs could be even uglier than previously thought. Market watchers are looking for earnings of about a dollar twenty -- here before the bell a drop of about two thirds when compared to a year ago. The Reuters senior analyst for investment management John Posey says don't be surprised at the banking giant -- that estimate. Don't mind probabilities are indicating -- heavy chance of a three cent or more earnings miss. On top of that the street analysts the south side are starting to fall away from their strong buy and thereby ratings. -- that the long term growth prospects aren't even expected to exceed that but the S&P 500 in general. Those earnings Goldman Sachs worst years since the banking giant went public in 1999. To play the European debt crisis and this is from investors over recent market turmoil. C correspondent Jeff Hartwig says gold have to tread carefully in this conference call. So -- we'll be listening to see if there's any change in the business model that they in debt. And bill wondering if both say anything about ultimate management changes. Unlike competitors like -- Morgan Stanley Goldman doesn't have a retail area can depend on -- profitability. Focus also on Goldman's. Staffing and compensation levels it acts thirteen hundred employees during the third quarter but hey as a percentage of revenue remains high still consultants say. In the banking sector. Could drop by up to 40% this year some traders might see Obama is at all. That they the securities industry comes a microscope during a house hearing on Wednesday. The Volcker Rule which curbs on proprietary trading. We'll be the focus of testimony from fed governor Daniel hello. He appears before the financial services panel at 9:30 AM on the impact of the new rule. Joining him will be Mary Schapiro chairman the FCC. And Gary Gensler chairman of the CFTC. There's also more fourth quarter updates coming your earnings radar before the open we will hear from Bank of New York Mellon and fast and all. It's out after the market -- the -- just to keep pieces of data to crunch in the morning. 830 sees the release of producer prices followed by industrial output at 915. I have bars says that output should rise by half percent in December. But he's an increase but lacking the -- -- in the earlier part of the recovery and I Rhonda -- this is Reuters Insider and be sure to watch Reuters Insider coverage of the world economic harm. From dot Switzerland beginning January 24.