Goldman Sachs, Morgan Stanley Stocks falls
Shares of Goldman Sachs were among Tuesday’s worst performers!
Dragging down the Dow Industrials on the back of quarterly results hurt by reduced deal-making in the market
Tweet on Morgan Stanley stock fluctuations
Morgan Stanley’s retail-trading business got off to a hot start earlier in the pandemic, when individual investors flocked to meme stocks and cryptocurrencies. But jittery markets have sent retail-trading volume down sharply.#Memes #stock #Retail #investors pic.twitter.com/ZLkqn6qFsT
— The_Journalbiz (@the_journalbiz) January 17, 2023
Morgan Stanley chart
The stock was recently down more than 7%, on pace for its largest one-day percentage decrease since June 2020, according to Dow Jones Market Data. It was on pace to end a six-day winning streak and the worst performer in the benchmark S&P 500.
Morgan Stanley’s latest results were also hurt by lower deal-making, but its quarterly earnings per share and revenue topped Wall Street’s analyst estimate.
Its stock was recently up more than 7%, on pace for its largest percentage increase since November 2020, according to Dow Jones Market data and the best performer on the S&P 500.
The KBW Nasdaq Bank Index was recently off about 0.5%.
