Morgan Stanley, Goldman Sachs, J & J and ASML with Very Good Results During the Third Semester

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Morgan Stanley, Goldman Sachs, J & J and ASML with Very Good Results During the Third Semester

Financial Markets analysis- November 2017

Financial Markets analysis- November 2017

Morgan Stanley improved its earnings by 11.2% during the third quarter, reaching $1,688 million, while earnings per share reached $0.95, a 14,45% above that achieved in the same period of 2016. During the third semester, revenues were 9,197 million, which is 3.23% more than those obtained during the same period but in 2016.

For some of the divisions they faced, income from intermediation and asset management grew by 4%, while those obtained by investment banking grew 13% and the derivatives of the commissions of the investment bank had a fall of about 5%. However, the net proceeds from interest were between 783 million, that is 22% less than the previous year.

According to the accumulated value of the first nine months of the year, the net attributable profit of the company increased 28% compared to the previous year, reaching 5,115 million. Revenues on the other hand, increased to 28,445, that is 11.1% more.

On the other hand, this morning, the Dutch technology firm ASML has published that they have exceeded the forecasts of the consensus of Bloomberg analysts, eclipsed by a forecast lower than expected.

Morgan Stanley, Goldman Sachs, J&J, ASML economic results.

Morgan Stanley, Goldman Sachs, J& and ASML economic results

ASML’s quarterly revenues were 2,450 million euros compared to the estimated 2,210 million. Its Gross Margin reached 42.9% compared to the estimated 43.3% and its net profit was 557 million compared to the estimated 481.3 million.

The company expects to achieve revenues in the range of 2,100 million euros in the fourth quarter compared to 2,280 million euros that provides the consensus of analysts, implying a growth of 25%.

The shares of ASML Holding listed on the Amsterdam Stock Exchange are leaving 0.4% of their value to quote around 147.9 euros. Thus, in the course of the year, ASML is revalued by 40.6% compared to 135 offered by the AEX index of the Amsterdam Stock Exchange.

Results in the S&P 500

United Health Group – BPA of $2.66 versus the estimated 2,567 – Harley-Davidson – $0.4 versus 0.39 estimated – IBM – $3.3 compared to the forecasted 3.28 – Goldman Sachs – revenues improved 2% despite a fall in trading results – and Johnson & Johnson – 10.3% improvement in sales, thanks to the pharmaceutical business that is now part of Actelion.

Throughout the week, there will be eleven companies published on Wall Street, among which stand out for their relevance: US Bancorp, Abbott Lab., Kinder Morgan, American Express, eBay and United Rentals.

With 48 companies published in the S&P 500 index (9.6% of the total), the average increase in BPA is 3.71% compared to 3.50% until last Tuesday (and 3.45% expected before the publication of the first company).

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