The View from 5th Avenue

The View from 5th Avenue – 17 January 2023

A Tale of 2 Banks seems a fitting title for the day as MS and GS moved in (nearly) equal and (decidedly) opposite directions today as the headliners in the resumption of earnings season following a lovely long-holiday-weekend for those of us here in the States. The former rallied (+5.9%) on an inline set of results with the highlight on its wealth mgmt division, while the latter got punished (-6.44%) for falling short on topline revs and higher expenses.

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