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Trading on major bank stocks were mixed after two of the big banks reported earnings early Tuesday.
Goldman posted earnings per share of $5.02, ahead of the $4.19 expected by analysts. This was largely credited to a surge in investing and lending revenue.
Meanwhile, Morgan Stanley reported earnings per share of $0.93, ahead of estimates of $0.81 per share. The bank saw strong performance from its dealmakers and wealth management unit.
The S&P 500 Financials Index, which is comprised of banks and financial institutions, was down 0.25% after Tuesday’s opening bell, but up 12.87% for the year. Here’s a look at how the major banks are trading on Tuesday:
- JPMorgan (JPM) +0.01% at $97.85 Citigroup (C) +0.92% at $72.43 Bank of America (BAC) +0.34% at $26.33 Wells Fargo (WFC) -0.56% at $53.48 Goldman Sachs (GS) -1.82% at $238.00 Morgan Stanley (MS) +1.61% at $49.73