Bank Earnings Offer Mixed Views Ahead of Flat Market Opening

  • Apr 14, 2022
  • Barry Adams
    Bank earnings dominate morning trading sentiment and stock index futures are pointing to flat opening. Citigroup, Morgan Stanley, and Goldman Sachs reported better than expected earnings. Wells Fargo said quarterly profit declined 21% on weaker than expected mortgage lending. Retail spending rose modest 0.5% in March and new weekly jobless claims last week were 185.000.


Annual Returns

Company Ticker 2022 2021 2020
Goldman Sachs Group Inc The GS -26% 45% 15%
Morgan Stanley MS -24% 43% 35%
Citigroup Inc BLW -26% 5% -2%
Twitter Inc TWTR -11% -20% 68%