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Is Stable the New Sexy for 2013? Trading Goldman Sachs Earnings

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The expected profit increase can be attributed to a renewed emphasis on investment banking and asset management in the post-proprietary trading era of Goldman Sachs.

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Consensus expectations are for an 81% net income increase in Q4 for Goldman Sachs (NYSE:GS), but don't bank on any large earnings swings here. Tomorrow's pre-market report is expected to reflect a net income of $1.78 billion on $7.91 billion in revenue, or $3.70 in earnings per share.
The profit increase can be attributed to a renewed emphasis on investment banking and asset management in the post-proprietary trading era of Goldman Sachs, making for greater stability and less earnings volatility. In Q4, Goldman Sachs also focused on divesting itself from the developed world to pursue what it perceives to be higher growth opportunities in emerging markets. Finally, a continued emphasis on expense control should contribute to an improved bottom line performance for the quarter.
My Trade: Selling the GS Jan 140-145 Bear Call Spread and selling the GS 135-130 Bull Put Spread for $2 total.

Risk: $300 per 1 lot

Reward: $200 per 1 lot

Breakeven: $133 and $142

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