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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InJefferies analysts have upwardly revised their first-quarter earnings per share estimates for Goldman Sachs and Morgan Stanley. The brokerage raised its EPS forecast for Goldman Sachs by 11% to $15.60, citing a significant uptick in trading activity. Similarly, Morgan Stanley's earnings estimate was increased by 7% to reach $2.87 per share. This growth is primarily attributed to heightened market volatility driving trading volumes and a resilient environment for investment banking. Despite broader economic uncertainties, activities in mergers and acquisitions (M&A) and initial public offerings (IPOs) have remained firm. These positive revisions are expected to bolster investor sentiment for major banking stocks ahead of their official earnings reports.