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Goldman Sachs, Morgan Stanley Pick Up Q1 Earnings

EQUITIES
  • After a mixed start from the likes of BofA, Citi, JPM and Wells Fargo on Friday, Goldman Sachs and Morgan Stanley pick up earnings today, with both reports due at 1230GMT/0730ET.
  • Full EPS & revenue expectations found here: https://roar-assets-auto.rbl.ms/files/59406/MNIUSE...
  • Common theme in bank reports so far has been consumer resilience, with JPM and Wells Fargo both noting still-strong consumer spending, however commercial real estate remains a weakpoint.
  • Mixed markets performance - while markets depts revenues have increased, FICC performance has been mixed across the street, while both JPM and BAC noted weaker rates trade in the quarter.

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