HALISTER: Goldman Sachs 1Q FICC Sales & Trading Rev. Miss Est.

Goldman Sachs 1Q FICC Sales & Trading Rev. Miss Est.

(Bloomberg) -- Goldman Sachs 1Q FICC sales & trading rev. $1.69b, est. $2.03b (Bloomberg News)
  • 1Q EPS $5.15
  • 1Q investment banking rev. $1.70b, est. $1.56b (Bloomberg News)
    • 1Q equities sales & trading rev. $1.67b, est. $1.63b
    • 1Q trading rev. $3.36b, est. $3.62b
  • 1Q net rev. $8.03b, est. $8.33b (range $7.95b-$9.11b)
  • 1Q compensation expenses $3.29b, est. $3.52b
  • Total staff -7%
  • 1Q non-compensation expenses $2.20b
  • 1Q return on avg. equity 11.4%
  • 1Q Basel III common equity Tier 1 ratio 12.9%
  • Assets under management $1.37t
  • 1Q effective tax rate 11.2%
  • Boosts Qtrly Div
  • Boosts Qtrly Div to 75c From 65c/Shr, est. 65c
  • Goldman: Client Activity 'Challenged' in Some Mkt-Making BIZ
NOTE:
  • Shares down 2.4% since earnings release to $223 on 13,850 shares traded
  • 14 buys, 13 holds, 3 sells before today
  • Call 9:30am (NY time), 888-281-7154
Statement

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GS US (Goldman Sachs Group Inc/The)

People
Dane Holmes (Goldman Sachs Group Inc/The)
Lloyd Blankfein (Goldman Sachs Group Inc/The)

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UUID: 7947283

HALISTER: CORRECT: Bank Of America 1Q Trading Rev. Excl DVA Beats Est.

CORRECT: Bank Of America 1Q Trading Rev. Excl DVA Beats Est.

(Bloomberg) -- (Corrects efficiency ratio figure)
  • Bank of America 1Q trading rev. excl DVA $4.03b, est. $3.59b (Bloomberg News).
  • 1Q EPS 41c
  • 1Q FICC trading rev. excl DVA $2.93b, est. $2.58b (Bloomberg News)
  • 1Q equities trading rev. excl DVA $1.10b, est. $1.01b
  • 1Q rev. net of interest expense $22.2b
  • 1Q compensation expenses $9.16b, est. $8.84b
  • 1Q provision for credit losses $835m, est. $922m
  • 1Q return on avg. equity 10.3%
  • 1Q return on avg. assets 0.88%
  • 1Q Basel 3 common equity Tier 1 ratio fully phased-in, advanced approach 11%, est. 10.81% (range 10.6%-11%)
  • 1Q efficiency ratio 66.15%
  • 1Q net Reserve Release $99m
NOTE:
  • Shares up 0.9% since earnings release to $23.06 on 15,994 shares traded
  • 24 buys, 9 holds, 2 sells before today
  • Call 8:30am (NY time), 877.200.4456 pw 79795
Statement

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BAC US (Bank of America Corp)

People
Brian Moynihan (Bank of America Corp)
Paul Donofrio (Bank of America Corp)

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UUID: 7947283

HALISTER: Cardinal Health to Buy Certain Products From Medtronic for $6.1b

Cardinal Health to Buy Certain Products From Medtronic for $6.1b

(Bloomberg) -- Cardinal Health to acquire Medtronic’s Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1b in cash. Link to Statement:Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CAH US (Cardinal Health Inc)
MDT US (Medtronic PLC)

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UUID: 7947283