00:00It's Benzinga bringing Wall Street to Main Street
00:02Goldman Sachs shares have entered a bear market, falling more than 22 percent from
00:06their yearly high as investors prepare for the bank's upcoming earnings report, according
00:11to Benzinga.
00:12The decline comes as global mergers and acquisitions activity fell 41 percent in the third quarter
00:17to $993 billion.
00:19Goldman remains the leading M&A advisor this year, handling more than $1.5 trillion in
00:24deals.
00:25The bank reported second quarter revenue of $17.23 billion, beating expectations, as
00:31equities trading revenue rose 27 percent and investment banking fees climbed 48 percent.
00:36Analysts expect third quarter revenue to increase 12.19 percent to $17 billion, with earnings
00:42of $13.65 per share.
00:44Technical indicators suggest the stock could fall further, toward $783.
00:49For all things money, visit Benzinga.com.
