With a number of major banks and brokers reporting earnings, the investing world will get an objective glimpse at exactly how all of the overseas turmoil has affected bottom line returns for some of the biggest financial firms in the world. Yesterday investors watched Citigroup announce an 11% dip in quarterly profit, sparking a massive sell-off for the already beat down the stock. On the flip side, Wells Fargo was able to report a 20% jump in profits and was in the black for the duration of the trading day [see also Iran Tensions And Crude Oil: What It Means For Your Portfolio]. Today will see another bellwether financial institution report its most recent fiscal quarterly earnings, Goldman Sachs (GS). Goldman is home to over 34,000 employees and is stationed in New York City. The company is something of a jack of all trades but its primary business operations come [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: QQQQ, IAI, QCLN Ten ETFs No One Is Thankful For Daily ETF Roundup: MOO Tumbles, UNG Surges Higher Wednesday’s ETF To Watch: Broker-Dealer Fund (IAI) ETF Winners and Losers From The Second Week Of Earnings Season
With a number of major banks and brokers reporting earnings, the investing world will get an objective glimpse at exactly how all of the overseas turmoil has affected bottom line returns for some of the biggest financial firms in the world. Yesterday investors watched Citigroup announce an 11% dip in quarterly profit, sparking a massive sell-off for the already beat down the stock. On the flip side, Wells Fargo was able to report a 20% jump in profits and was in the black for the duration of the trading day [see also Iran Tensions And Crude Oil: What It Means For Your Portfolio]. Today will see another bellwether financial institution report its most recent fiscal quarterly earnings, Goldman Sachs (GS). Goldman is home to over 34,000 employees and is stationed in New York City. The company is something of a jack of all trades but its primary business operations come [...]
Click here to read the original article on ETFdb.com.
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