Goldman can close valuation gap on Morgan Stanley, says LiamWardProud:
Goldman Sachs on April 14 said it generated $12.9 billion of revenue in the first quarter of 2022, down 27% from the same period of 2021.
Revenue in the investment banking business fell by 36% year-on-year. The Wall Street group’s reported diluted earnings per share of $10.76 for the quarter, down 42%. Rival Morgan Stanley on the same day reported first-quarter revenue declined 6% year-on-year to $14.8 billion. Its investment banking division, which includes M&A advice and equity and debt underwriting, reported revenues down roughly two-fifths from a year earlier. The firm’s diluted earnings per share fell by 8% to $2.02.
Morgan Stanley shares were up 1.4% in premarket trading, Reuters reported at 1238 GMT, while Goldman shares were up 2.4%.The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Morgan Stanley Earnings Top Estimates Fueled by Trading Revenue GainsMorgan Stanley Is Set to Report First-Quarter Earnings — Here's What the Street Expects
Weiterlesen »
Morgan Stanley Is Set to Report First-Quarter Earnings — Here's What the Street ExpectsMorgan Stanley is set to report first-quarter earnings before the opening bell on Thursday.
Weiterlesen »
JP Morgan Chase unveils its new Park Avenue headquarters towerThe financial giant run by Jamie Dimon on Thursday unveiled the long-secret design of its new, 1,388-feet-tall cloudbuster, which it kept under wraps even after construction started two years ago.
Weiterlesen »
Former Morgan Hill mayor, residents sue over redistricting mapThe city’s own attorney had warned that the “Map 103” adopted by the city council in March could open up Morgan Hill to litigation
Weiterlesen »
Morgan Stanley Is Set to Report First-Quarter Earnings — Here's What the Street ExpectsMorgan Stanley is set to report first-quarter earnings before the opening bell on Thursday.
Weiterlesen »