After JP Morgan, Citi and Wells Fargo, Today, Wall Street is dominated by Morgan Stanley, which this morning published a quarterly report to frame, clearly beating market expectations with positive results in all sectors.
In detail, the American banking giant closed the first quarter of 2018 with a turnover of 11,1 billion, a marked increase from 9,7 billion in 2017.
Net income was also on the rise, settling at 2,7 billion dollars, while earnings per share amounted to 1,45 dollars against a forecast of 1,25 dollars. The result compares to $1,9 billion in the same quarter last year, when EPS was $10,36 per share. Consensus has also been beaten on turnover, forecast at XNUMX billion dollars.
Morgan Stanley shares are currently up 1,6% to $54,11, according to the data released. The performance of the US banking giant had also pushed the main stock exchanges on Wall Street which had opened trading on the rise for the third consecutive day.
At 16.30, however, the Dow Jones turned negative, losing 0,05%. On the Nasdaq, up 0,1%, the S&P 500 did well with +0,2%. At this juncture it is necessary to signal the collapse of IBM which yields 7% of its value after Tuesday, April 17, despite higher-than-expected bills – it disappointed in its guidelines for the current year.
Alcoa and American Express will publish the results tonight at the close of the markets. But Wall Street is also waiting for the Beige Book that the Fed will release at 14 pm New York time, 20 pm in Italy.
