Summary:
Now Goldman has killed it.... First-quarter revenue at the Wall Street firm rose 25% from a year ago to .04 billion. Profits of .83 billion, or .95 a share, were up 26%. Both figures beat analyst expectations. The .83B gets back already over half of the B hit they took due to the Jan 1 tax law changes... in just this one quarter. They should get it all back and then some by end of June at this rate.That Jan 1 markdown was probably over B system wide but we have seen this quarter JPM report B, BAC about B, Citi about B, WFC about B so that is about B+ back from C, GS, BAC, JPM, and WFC so that is about it... its taken them just 1Q to get almost all of it back.Things should start to pick up again here shortly if no WW3. Goldman Sachs posts better-than-expected
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Now Goldman has killed it.... First-quarter revenue at the Wall Street firm rose 25% from a year ago to .04 billion. Profits of .83 billion, or .95 a share, were up 26%. Both figures beat analyst expectations. The .83B gets back already over half of the B hit they took due to the Jan 1 tax law changes... in just this one quarter. They should get it all back and then some by end of June at this rate.That Jan 1 markdown was probably over B system wide but we have seen this quarter JPM report B, BAC about B, Citi about B, WFC about B so that is about B+ back from C, GS, BAC, JPM, and WFC so that is about it... its taken them just 1Q to get almost all of it back.Things should start to pick up again here shortly if no WW3. Goldman Sachs posts better-than-expected
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
Now Goldman has killed it....
First-quarter revenue at the Wall Street firm rose 25% from a year ago to $10.04 billion. Profits of $2.83 billion, or $6.95 a share, were up 26%. Both figures beat analyst expectations.The $2.83B gets back already over half of the $5B hit they took due to the Jan 1 tax law changes... in just this one quarter. They should get it all back and then some by end of June at this rate.
That Jan 1 markdown was probably over $30B system wide but we have seen this quarter JPM report $6B, BAC about $8B, Citi about $5B, WFC about $5B so that is about $25B+ back from C, GS, BAC, JPM, and WFC so that is about it... its taken them just 1Q to get almost all of it back.
Things should start to pick up again here shortly if no WW3.
Goldman Sachs posts better-than-expected results, boosted by new tax law and increased market volatility https://t.co/KBaLxE4QMb— The Wall Street Journal (@WSJ) April 17, 2018