Tuesday, January 18, 2022 12:10:22 UTC
Little change in price for Bank of New York Mellon Corp. ($BK) in premarket trade today after fourth-quarter earnings met estimates and revenue exceeded projections.
Net income increased to $822 million, or $1.01 per share, from $702 million, or 79 cents per share, the previous year, compared to the FactSet average of $1.01. Total revenue increased 4.5 percent to $4.02 billion, exceeding the FactSet average of $3.97 billion, while net interest income down 0.4 percent to $677 million but exceeded estimates of $661.5 million.
Security services revenue increased by 5% to $1.83 billion, market and wealth services revenue increased by 1% to $1.17 billion, and investment and wealth management revenue increased by 3% to $1.02 billion. The bank stated that it repurchased $1.2 billion in shares and distributed $280 million in dividends. Over the last three months, the stock has up 10.8 percent, while the S&P 500 SPX, +0.08 percent has risen 3.9 percent.(More)
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Tuesday, January 18, 2022 12:00:48 UTC
Goldman Sachs will report its quarterly profits today. As long as earnings forecasts are met, expect the price to rise to the $405 level.
23 analysts estimate earnings per share (EPS) of $11.77 for the current quarter, compared to $12.08 in the same period last year, a 2.58 percent growth.
Analysts also predict profits per share of $59.91 for the current fiscal year, up from $24.74 in the previous year. Compared to $ 44.56 billion in sales last year, economists predict revenues of $58.53 billion this year on average.
If it is unable to maintain its present level, it will likely to go below the $375 nearest support level.(More)
GOLDMAN SACHS EXPECTED TO SURPASS RESISTANCE
Tuesday, January 18, 2022 12:00:48 UTC
Goldman Sachs will report its quarterly profits today. As long as earnings forecasts are met, expect the price to rise to the $405 level.
23 analysts estimate earnings per share (EPS) of $11.77 for the current quarter, compared to $12.08 in the same period last year, a 2.58 percent growth.
Analysts also predict profits per share of $59.91 for the current fiscal year, up from $24.74 in the previous year. Compared to $ 44.56 billion in sales last year, economists predict revenues of $58.53 billion this year on average.
If it is unable to maintain its present level, it will likely to go below the $375 nearest support level.
#gs #jpm #wfc #ms #goldmansachsgroupinc #goldmansachs #jpmorgan #reddit #earnings
Friday, January 14, 2022 12:40:31 UTC
JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.
Earnings: $3.33 per share, compared to an estimate of $3.01, according to Refinitiv.
Revenue: $30.35 billion, compared to an estimate of $29.9 billion.
JPMorgan reported a $1.8 billion net benefit from releasing reserves for loan losses that never materialized; earnings would have been $2.86 per share without the 47 cent per share boost.(More)
JPMORGAN EARNINGS UP, STOCK DOWN
Friday, January 14, 2022 12:40:31 UTC
JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.
Earnings: $3.33 per share, compared to an estimate of $3.01, according to Refinitiv.
Revenue: $30.35 billion, compared to an estimate of $29.9 billion.
JPMorgan reported a $1.8 billion net benefit from releasing reserves for loan losses that never materialized; earnings would have been $2.86 per share without the 47 cent per share boost.
#jpm #wfc #gs #ms #jpmorgan #wellsfargo #goldmansacks #bank #earnings
REDDIT LIKELY GOING PUBLIC SOON
1.10.22 2:01 PM UTC
Reddit, the social networking business that fueled the 2021 meme stock craze, is working with Morgan Stanley and Goldman Sachs to go public as soon as March 2022.
REDDIT LIKELY GOING PUBLIC SOON
Monday, January 10, 2022 14:01:21 UTC
Reddit, the social networking business that fueled the 2021 meme stock craze, is working with Morgan Stanley and Goldman Sachs to go public as soon as March 2022.