Financial Titans Fall on Earnings (GS, C, SCHW)

Posted in pre-market 
October 15th, 2009

The major financial firms reporting earnings this morning are all lower, despite the notion that there were no misses on earnings.  Goldman Sachs Group Inc. (NYSE: GS) posted a monster number on the surface with $3.03 billion in net income.  The investment banking giant, or bank holding company with no banking operations, posted $5.25 EPS.   Shares are down 1.6% at $189.11 ahead of the open. Citigroup, Inc. (NYSE: C) posted -$0.27 EPS vs. Thomson Reuters consensus of -$0.38 EPS; Shares are down 2.6% at $4.87 ahead of the open.  The Charles Schwab Corporation (NASDAQ: SCHW) reported $0.17 EPS, meeting the $0.17 EPS figure expected from Thomson Reuters.  Shares are down 2.75% at $18.75 ahead of the open.  -JON C. OGG

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