Shares of Goldman Sachs (GS ) dipped in morning trading Tuesday, shortly after the company reported its first-quarter earnings results. Goldman surpassed estimates on the top and bottom line, but it is possible that a solid report was already priced in to the stock. Nevertheless, investors will now shift their focus to the upcoming earnings announcement from fellow investment banking giant Morgan Stanley (MS ) .
Goldman continued the trend of strong trading revenue that was first evidenced by consumer & investment hybrid banks like JPMorgan Chase (JPM ) , Citigroup (C ) , and Bank of America (BAC ) .
The financial behemoth posted 31% growth in its Institutional Client Services division—led by elevated net revenues from commodities, currencies, and credit products—as well as 43% growth in its Investing & Lending segment—largely thanks to a surge in revenues from investments in equities and debt securities.
Morgan Stanley investors will hope the company can report similar growth. Let’s take a closer look at what the latest estimates are saying.
Hot Growth Stocks To Buy For 2018: Mammoth Energy Services, Inc. (TUSK)
- [By Shane Hupp]
Shares of Mammoth Energy Services (NASDAQ:TUSK) hit a new 52-week high and low on Wednesday . The stock traded as low as $35.94 and last traded at $34.62, with a volume of 20978 shares trading hands. The stock had previously closed at $34.58.
Hot Growth Stocks To Buy For 2018: Grifols, S.A.(GRFS)
- [By Shane Hupp]
Grifols (NASDAQ:GRFS) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
- [By Max Byerly]
Financial Gravity Companies Inc. raised its stake in shares of Grifols (NASDAQ:GRFS) by 264.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,862 shares of the biotechnology company’s stock after purchasing an additional 10,054 shares during the quarter. Financial Gravity Companies Inc.’s holdings in Grifols were worth $282,000 as of its most recent filing with the SEC.
Hot Growth Stocks To Buy For 2018: Pan American Silver Corp.(PAAS)
- [By Stephan Byrd]
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) shares shot up 0.7% on Friday . The stock traded as high as $18.39 and last traded at $18.17. 97,207 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,076,284 shares. The stock had previously closed at $18.29.