Company News for April 18, 2022

  • MS shares of Morgan Stanley rose 0.8% after reporting adjusted earnings of $2.06 per share in the first quarter of 2022, beating Zacks’ consensus estimate of $1.69 per share.
  • Wells Fargo & Company WFC shares shed 4.5% after reporting first-quarter 2022 revenue of $17.59 billion, lagging Zacks’ consensus estimate of $17.77 billion.
  • Shares of Citigroup Inc. C gained 1.6% after reporting adjusted earnings of $2.02 per share in the first quarter of 2022, beating Zacks consensus estimate of $1.74 per share.
  • Progressive Corporation’s PGR shares fell 1.6% after reporting adjusted earnings of $1.12 per share in the first quarter of 2022, lagging Zacks consensus estimate of $1.24 per share .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson