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Key Takeaways
- It’s been a mixed bag for Wall Street this earning season, with some banks beating estimates and some notching major misses
- Some themes across the board include a massive slowdown in investment banking revenues, as M&A and IPO activity plunged during a volatile year
- The net interest margin has helped keep numbers up for some, as rising interest rates improved the position between the interest being paid out to savers, and collected from mortgages and other debts
The holiday season is over and the earnings season has begun. And with 2022 giving us a year to forget when it comes to the stock market, investors will be looking to these results hoping for a positive start to the new year.
With that said, it’s important to keep in mind this reporting season relates to Q4 of 2022, October through December, so manage your expectations accordingly. Over the last couple of days, both Goldman Sachs and Morgan Stanley have missed their earnings estimates, though some banks have performed better.
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