Goldman Sachs earnings in the spotlight for the Dow Jones futures later today

Later this morning, at 11.25am GMT the second largest company in the Dow Jones by market cap will report their Q1 earnings. That is the US investment banking giant, Goldman Sachs. In recent times, banks have been very much in the spotlight with the increasing analyst outlook for the US to fall into recession. As with JPM last week, perhaps the earnings themselves in Q1 is not the story, the outlook for Q2 is surely more important? That said, GS are expected to show some solid Q1 earnings here today. Net revenue is forecast at $14.80 billion and Q1 EPS is forecast at $12.21. The Dow Jones was a laggard on Friday, but it still closed 619 points higher, at 40,212. Earlier today the Dow futures were pricing the opening as high as 40,650. They have tempered that opening call just now though and these results from GS could impact that again, in either direction. The Dow Jones is right now priced to reopen around 40,545