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Commonstock Team
@commonstock
04/14/2021
Today's Most Shared on Commonstock
Coinbase closes at $328 on first day of trading
Company is valued at $85 billion
Nasdaq provided a reference price late Tuesday of $250
No shares changed hands at that price because it was a direct listing
JP Morgan down 2% despite earnings beat
Firm had strong trading revenues
EPS was $4.50 compared to $3.10 estimates
Produced $1.8 billion more revenue than analysts had expected
Goldman Sachs up 2% on strong earnings
Strong earnings fueled by Investment Banking division
The bank posted per-share earnings of $18.60, crushing the $10.22 estimate of analysts
The results represented growth of 498% from a year earlier
CNBC
Goldman Sachs reports record results that top the Street amid booming investment banking
Goldman Sachs crushed forecasts with record first-quarter net profits and sales due to strong performance in trading and investment banking.
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Commonstock Team
@commonstock
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