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In the Premarket trading session on Thursday, Morgan Stanley’s stock was trading at 42.56- lower by 4.34% as compared to its previous close. The bank reported profit and revenue below the market expectation as whipsawing markets late last year took a toll on the company’s two biggest businesses. The firm’s two biggest businesses, Wall Street trading, and advisory and wealth management, both suffered revenue declines amid a difficult market environment last year. Morgan Stanley generatedRead More
Goldman Sachs is currently trading at 191.30-higher by 6.30% as compared to the previous closing price. In the Premarket trading session, the stock was trading higher by 4%. The stock has continued rising after the opening bell. The bank posted a fourth-quarter profit that topped market expectations on strength in its investment banking and investing and lending divisions. Goldman Sachs generated EPS of $6.04 for the fourth quarter of 2018. The EPS was above theRead More
JP Morgan Chase is currently trading at 99.58-lower by 1.35% as compared to the previous closing price. In the Premarket trading session, the stock was trading lower by 2.70%. The stock has pared some of its losses after the opening bell. The bank posted quarterly profit below the market expectation for the first time in 15 quarters as choppy markets late last year impacted bond-trading desks. JP Morgan generated EPS of $1.98 for the fourth quarterRead More
In the Premarket trading session on Monday, Citigroup’s stock was trading at 56.20- lower by 0.86% as compared to its previous close. Citigroup posted Q4 revenue that missed market expectations as bond trading revenue declined amid a difficult December for markets. The bank produced $17.1 billion in firm-wide revenue, below the market expectations of $17.6 billion. Citigroup made $1.61 in profit per share excluding the one-time impact of the U.S. tax overhaul, beating the consensusRead More
General Motors is currently trading at 37.69-higher by 8.43% as compared to the previous closing price. In the Premarket trading session, the stock was trading higher by 6%. The stock has continued rising after the opening bell. GM’s CEO Mary Barra said earlier today that the company’s full-year 2018 earnings exceeded its previous expectations. The CEO further said that the current year is looking even better, citing strong sales in China and high demand forRead More
BMW’s stock is currently trading at 73.35-higher by 1.71% as compared to the previous closing. In recent news, the company disclosed earlier today that it achieved record sales of 2.49 million BMW, Mini, and Rolls-Royce vehicles last year. German carmaker’s CEO Harald Krueger said that the BMW Group is the world’s leading premium automotive company for the 15th year running. On the technical front, the RSI is currently at 53.88% and suggests that the marketRead More