Bank earnings are coming in mixed. A few days ago, JPMorgan Chase (JPM) reported its profit was up 47%. Then, Goldman Sachs (GS) reported earnings were down 52%. And on Wednesday, we got a stellar performance by Morgan Stanley (MS).

The Wall Street Journal reports that Morgan Stanley's profits were up 35% to $867 million, up from $460 million a year ago. Earnings jumped to 41 cents per share from 29 cents per share. Net revenue jumped 14% to $7.81 billion. Analysts at Thomson Reuters had forecast earnings of 35 cents a share on $7.35 billion.

Continue reading Morgan Stanley's Profit Rose 35%

Morgan Stanley's Profit Rose 35% originally appeared on BloggingStocks on Thu, 20 Jan 2011 10:00:00 EST. Please see our terms for use of feeds.

Global investment bank earnings are expected to be down 50%. Why such a drop? A key factor has been the freeze up of takeovers and IPOs. The European banks will be especially hard hit. The sovereign debt crisis in countries like Greece, Spain and Portugal has sent investors to the sidelines.

In the U.S., the boom in equities and accompanying commissions has cooled considerably. Worries about financial reform has also taken its toll.

Continue reading Global Investment Bank Earnings Expected to Plunge in Q2

Global Investment Bank Earnings Expected to Plunge in Q2 originally appeared on BloggingStocks on Wed, 07 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.

• JPMorgan Chase (JPM): earnings of 74 cents per share; expectations for 60 cents per share
• Citigroup (C): a loss of six cents per share; expectations for a loss of 33 cents per share
• Goldman Sachs (GS): earnings of $8.20 per share; expectations for earnings of $5.20

Continue reading What Do Earnings from the Big Banks Signal for the Economy?

What Do Earnings from the Big Banks Signal for the Economy? originally appeared on BloggingStocks on Fri, 22 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Several banks, including Wells Fargo & Company (NYSE: WFC), JPMorgan Chase & Company (NYSE: JPM), Goldman Sachs (NYSE: GS), and Citigroup, Inc. (NYSE: C), have reported earnings that beat expectations substantially. All earnings were down compared to last year but much less than what the experts were expecting. The stock market reacted to these earnings reports like gasoline on a fire and exploded to the upside.

Continue reading Bank news: Focus on the assets, not the earnings!

Bank news: Focus on the assets, not the earnings! originally appeared on BloggingStocks on Fri, 17 Apr 2009 17:45:00 EST. Please see our terms for use of feeds.