Morgan Stanley Revenue Increased in Wealth Management and Investment Management

Morgan Stanley reported better than expected fourth quarter earnings before the bell Wednesday on stronger-than-expected wealth management and investment banking results. $MS was the last of the big banks to post fourth-quarter results following major competitor Goldman Sachs (GS), and four of the largest U.S. lenders Bank of America (BAC), JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting mixed results. Trading activity has been weak across the board.    Morgan Stanley NYSE: MS Reported Before Open Wednesday $2.01 Beat $1.91 EPS AND $14.5 … Continue reading “Morgan Stanley Revenue Increased in Wealth Management and Investment Management”

Bank of America Loan Balances Growing with Higher Interest Rates Boosting Profits

Bank of America, America’s second largest investment bank reported better than expected fourth earnings Wednesday following three of the largest U.S. lenders, JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting mixed results last week. $BAC posted its second straight quarter of year-over-year positive operating leverage. Rising interest rates has a positive effect on Bank of America earnings and with the 10-year yield rising as the Fed signals tightening. Bank of America Corporation NYSE: BAC Report Earnings Before Open … Continue reading “Bank of America Loan Balances Growing with Higher Interest Rates Boosting Profits”

Goldman Sachs Miss Earnings Expectations First Time in Seven Quarters as Trading Revenue Fell

Goldman Sachs, America’s largest investment bank reported worse than expected fourth earnings Tuesday. It was the first miss by $GS in seven quarters as trading revenue fell and gains on its portfolio of equity investments diminished. The trading goliath followed three of the largest U.S. lenders, JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting mixed results last week. Trading activity has been weak. Both $JPM and $C saw fixed- income trading down double digits at both banks. The … Continue reading “Goldman Sachs Miss Earnings Expectations First Time in Seven Quarters as Trading Revenue Fell”

JPMorgan Investment Banking Division Soared on IPOs and Mergers and Acquisitions

JPMorgan Chase (NYSE: JPM) kicked off fourth quarter earnings beating expectations but faced with higher expenses and slower trading activity. Revenue in the group’s investment banking division grew up 28% from the fourth quarter of 2020 to $3.2 billion, driven by higher fees from mergers and acquisitions and initial public offerings. with the other major money center banks along with the world’s largest investment management company. Wells Fargo (NYSE: WFC) and Citigroup (NYSE:C) are also reporting on Friday along with … Continue reading “JPMorgan Investment Banking Division Soared on IPOs and Mergers and Acquisitions”

BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021

BlackRock (NYSE: BLK), the world’s largest investment management company kicked off fourth quarter earnings with the major money center banks. Q4 earnings rose 6% to $10.63 a share from $10.02 a share year earlier. Revenues rose 14% to $5.106 billion versus $4.5 billion. Net inflows rose to $211.7 billion, up from $126.9 billion the prior year. JPMorgan Chase (NYSE: JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE: WFC) are also reporting on Friday. Investors look for insights into BLK, the market … Continue reading “BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021”

Citigroup Affected by Lower Fixed Interest and Equity Trading in Fourth Quarter Earnings

Citigroup (NYSE:C) kicks off fourth quarter earnings with the other major money center banks along with the world’s largest investment management company. C is in the process of exiting its consumer banking business in 13 markets JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) are also reporting on Friday along with BlackRock (NYSE: BLK). The earnings come after a week that has seen many banks stocks hit 52-week highs. Citigroup Q4 2021  Q4 2021 earnings before the open; conference call at … Continue reading “Citigroup Affected by Lower Fixed Interest and Equity Trading in Fourth Quarter Earnings”

Wells Fargo Return on Equity Nearly Doubled to 12.8% In Better-Than-Expected Earnings

Wells Fargo (NYSE: WFC) kicked off fourth quarter earnings with the other major money center banks along with the world’s largest investment management company Friday. Q4 earnings of $5.75 billion, or $1.38 a share was well ahead of the forecast $4.5 billion, or $1.11 a share. Wells Fargo’s (ticker: WFC) revenue of $20.9 billion topped projections of $18.8 billion. The results showed a huge increase from last year when the bank earned 66 cents a share on $18.5 billion in … Continue reading “Wells Fargo Return on Equity Nearly Doubled to 12.8% In Better-Than-Expected Earnings”

Big Banks JPMorgan, Citi and Wells Fargo Kick Off Earnings Season with Blackrock

The major money center banks along with the world’s largest investment management company kick off fourth-quarter earnings season, with JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE:C) all reporting on Friday along with BlackRock (NYSE: BLK) who’s income from its ETF and investment management income continues to soar. The earnings come after a week that has seen many banks stocks hit 52-week highs. Overall, analysts and banks are looking for a strong earnings season, partly in response … Continue reading “Big Banks JPMorgan, Citi and Wells Fargo Kick Off Earnings Season with Blackrock”

Morgan Stanley Dealmaking Expected To Continue To Pump Profits

Morgan Stanley report third quarter earnings before the bell Thursday with eyes on trading and investment banking results. The boom in SPAC-issuance has been a boon in fees for for $MS. Bank of America, JPMorgan Chase, Wells Fargo  PNC Financial, Goldman Sachs and Citigroup reporting this week