. russian contortionist maria sachs and her special brand of acrobatics.
expectations so that's good. maria: on goldman sachs -- dagen: it was an increase in trading revenue that was kind of a surprise because we saw weakness in trading revenue at citigroup and at jp morgan. remember, it was that 16% decline in fixed income trading revenue at jp morgan that really hurt -- it hurt its earnings per share which came in below expectation yesterday. in this case, it was an increase in equities trading revenue that offset any weakness in bond trading, so this was a standout. maria: look at the stocks. i don't think you can underestimate the drumming they took in 2018 as to one of the reasons we're seeing buyers coming in today. these stocks were down 30, 40% for 2018. was that an over-done situation? probably. >> there are a lot of sectors that seemed over-sold in hindsight. we've been saying all along on this show that as soon as fourth quarter earnings came out, it may be the catalyst for people to get back in the market. i think that's what we're seeing right now. maria: for sure. we'll turn to the trade representative meanwhile. the u.s. trade representativ
cuts. so it's a bit of a surprise that they missed on the bottom line like that. maria: we'll get wells fargo in about an hour. we'll get bank of america, goldman sachs, pnc, morgan stanley and sun trust tomorrow. stay with us, michael lee. more to come with you. we'll talk more about that when we come back. stay with us. maria: welcome back. good tuesday morning. thanks so much nor joining us. i'm maria bartiromo, it is tuesday, january 15th. jp morgan just reported fourth quarter earnings. profits came in light of analyst expectations at $1.98 a share. managed revenue coming in at $26.8 billion, the stock is lower but off of the lows. initially it had been down 3%. it is now down 1.9%. that is certainly weighing on the broader markets this morning although we are still expecting a higher opening for the broader averages. dow jones is up 20 points, s&p 500 up 2 points, the nasdaq up 21 with jp morgan weighing on the averages. there were declines across the board yesterday for major averages. new data was out yesterday, the dow industrials were down 86 points at the close, 1/3 of
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