Financial firms reported strong Q4 earnings, with 42% of financials reporting consensus-beating expectations. Amanda Sneider and team at Goldman Sachs Group Inc (NYSE:GS) note 63% of financial firms reported top-line results within one standard deviation of consensus expectations. Financials beat earnings expectations Analyzing the Q4 2013 results announced till January 17, 2014, the Goldman analysts point out that 42% of financial firms beat consensus earnings expectations by over one standard deviation as credit and lower tax rates helped the bottom-line. The following table captures the strong performance by the financials: Moreover, the percentage of financials beats is higher than the…
Financials Post Strong Q4 Earnings; Big Beats For Goldman, Wells Fargo
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports