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Goldman Sachs, Morgan Stanley, Citigroup report lower earnings – MarketWatch

Written by Amanda

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

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai