The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Jefferies 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.
Sign up free to access this content
Create Free Account