EPS $3.34 v $3.30 expected.
Sales $19.28b v $22.40b
It's a huge miss. Share price takes the hit from $149.22 dropped to $141.79.
Earnings today have been less than enthusiastic. Morgan Stanley reported dry as a hump earnings across all of its desks.
What does this tell us? Not much since the Fed trades in every asset class now. Central banks will raise rates a .25 basis point only to cut at the next meeting if conditions warrant. Fed lady Nester? said as much today. I say why bother raising then?