In line with other great entities such as JP Morgan, Morgan Stanley, Goldman Sachs, and Citi also managed to exceed market expectations by benefiting from a quarter marked by high volatility.
JP Morgan, Morgan Stanley, Goldman Sachsthey presented balances on Wall Street, better than expected and, on this day, they joined Bank of America and Citigroup.
In case of BofaPPI reported, Total income reached US $ 27,510 million, which meant an increase of 5.9% compared to the same period of the previous year And, at the same time, it stood above US $ 26,990 million projected by the market consensus.
In addition, it reported a profit of US $ 7.4 billion, which represented a growth of 11% year -on -year. “The main driver of this growth was the increase in interest in interest, which reached US $14.6 billion”said stockbroker broker.
For his part, Citigroup, reported his report, prior to the opening of the market presented. He managed to exceed analysts’ estimates by registering revenues for US $ 21,600 million (1.5% above market projections).
Their income grew by 3% year -on -year driven by the good performance of its five main divisions.
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Ambito.com
Banks: exceed expectations on Wall Street
This happened in line with the presentation in the bag of other great entitieseither JP Morgan, Morgan Stanley, and Goldman Sachs which also managed to exceed market expectations by benefiting from a quarter marked by high volatility.
In the case Goldmansachs He reported yesterday the results of the first quarter of the year. The entity totaled revenues for US $ 15,060 million, exceeding the projections of analysts by 1.7% (estimated US $ 14,810 million), while, a gain reported per share of US $ 14,1 compared to a market estimate of US $ 12,4. Thus, the net result of the bank grew 15%, reaching US $ 4,740 millionhe reported PPI.
Source: Ambito
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