Tag: Quarterly earnings

Investors have put rate cut worries on the back burner in favor of focusing on earnings season.

Stocks were higher on Tuesday as earnings continued to beat expectations.

Morgan Stanley (NYSE: MS) is set to release its first-quarter financial results on April 16, 2024, before rock bottom. According to Benzinga Pro, analysts expect the New York-based bank to report first-quarter earnings of $1.66 per share, up from $1.55 a year ago, and first-quarter revenue of $14.41 billion, compared with $13.92 billion a year ago. On April 9, JMP Securities analyst Devin Ryan reiterated Morgan Stanley's "Market Perform" rating. With

Goldman Sachs Group Inc (NYSE: GS) will release its first-quarter earnings results on April 15, 2024, before the opening bell. Analysts expect the New York-based investment bank to report first-quarter earnings of $8.56 per share, down from $8.79 a year ago. Goldman Sachs is expected to report quarterly revenue of $12.92 billion, compared with $12.22 billion in the same period last year, according to Benzinga Pro. On April 9, JMP Securities analyst Devin Ryan reported that Goldman Sachs' first-quarter earnings per share were $8.56, down from $8.79 a year earlier.

Friday is the unofficial start of the quarterly earnings season, with three major U.S. banks - JPMorgan Chase, Citigroup and Wells Fargo - announcing their results before rock bottom. BlackRock, the world's largest asset manager, and State Street, the trustee bank, will also report later in the day. The Dow and S&P 500 ended the week lower, as higher-than-expected inflation data this week led to turbulence, with traders less enthusiastic about a rate cut from the U.S. Federal Reserve, while the tech-dominated Nasdaq was on track to post its first gain in three weeks this week.

In honor of the song, Levi Strauss renamed his Instagram to Levii's to match the spelling of Beyoncé's new song.