Earnings: $18.60 per share, vs. $10.22 per share expected by analysts polled by Refinitiv. Revenue: $17.7 billion, vs. $12.6 billion expected. Trading Revenue: Fixed Income: $3.89 billion, Equities: $3.69 billion Investment Banking: $3.77 billion
With record stimulus, record upswing in corporate credit markets, record public offerings, etc. not much of a surprise imo.
While I believe Goldman Sachs are a buy, I'm still a bigger fan of Morgan Stanley, who are positioning themselves as a vertically integrated investment bank (if that makes sense) and distinguishing themselves from the market.
https://www.cnbc.com/id/106867740?view=story?__source=androidappshare
Submitted April 14, 2021 at 08:30AM by CorneredSponge https://ift.tt/3tkcR2m
