Goldman Sachs reported fourth-quarter earnings of $12.08 per share, beating analysts’ forecasts of $7.47 per share. Revenue went $1.75 billion above estimates, majorly contributed by investment banking and equity trading.
Bank of America released fourth-quarter earnings Tuesday exceeding analysts’ estimates for profit while revenue fell short. The bank has pledged to buyback $2.9 billion worth of shares this quarter. Shares fell 1.4% to $32.55 in pre-market trading.
JPMorgan Chase reported a record profit of $12.14 billion or $3.79 per share for the fourth quarter, going above analysts’ expectations of $2.62 per share. Revenues surge led by investment banking and trading divisions.
High-tech stock .SPLRCT, which has led the market rebound from the bottom in March, has been sluggish recently, and its performance by sector in September remained in the lowest class. The rate of decline from the latest high on September 2 is about 8%, which is larger than about...