Goldman Sachs Group Inc., Wells Fargo & Co., Citigroup Inc. and Morgan Stanley on Thursday all reported lower first-quarter profits in a tough start to the year, but the quartet managed to beat Wall Street’s earnings expectations.
Shares of Goldman Sachs GS, Morgan Stanley MS, and Citigroup C all rose, gaining back some of their losses for the year. For most of 2022, investors have cast a bearish eye on banks in the face of inflation and the war in Ukraine. Wells Fargo WFC shares fell back, however, after it missed revenue…
Source: marketwatch.com