Your Big Bank Q1 Earnings Roundup

Major Wall Street banks have wrapped up their quarterly earnings release.

Here is a look at how some of the world's largest financial institutions performed in the first quarter and their stock's performance since the start of 2017 and over the past year.

JPMorgan (April 13)

• JPMorgan Chase & Co. JPM earned $1.65 per share on revenue of $24.59 billion in the first quarter.
• Analysts were expecting the company to earn $1.52 per share on revenue of $24.9 billion.
• Book value per share rose 6 percent from a year ago to $64.68 while tangible book value per share rose 6 percent to $52.04.
• CEO Jamie Dimon commented, "We are off to a good start for the year with all of our businesses performing well and building on their momentum from last year."
• Shares of JPMorgan are lower by 1.31 percent since the start of 2017 but higher by 37.64 percent over the past year.

Citigroup (April 13)

• Citigroup Inc C earned $1.35 per share in the first quarter on revenue of $18.1 billion.
• Analysts were expecting the company to earn $1.24 per share on revenue of $17.8 billion.
• Net income for the quarter rose from $3.5 billion a year ago to $4.1 billion.
• Book value per share rose 6 percent to $75.86 while tangible book value per share rose 5 percent to $65.94.
• CEO Michael Corbat said, "The momentum we saw across many of our businesses towards the end of last year carried into the first quarter, resulting in significantly better overall performance than a year ago."
• Shares of Citigroup are lower by 1.7 percent since the start of 2017 but higher by 30.05 percent over the past year.

Wells Fargo (April 13)

• Wells Fargo & Co WFC earned $1.00 per share in the first quarter on revenue of $22 billion.
• Analysts were expecting the company to earn $0.97 per share on revenue of $22.3 billion.
• Net income of $5.5 billion was in-line with what was reported a year ago.
• Book value per common share rose from $34.58 a year ago to $35.70 while tangible book value per common share rose from $28.50 to $29.79.
• CEO Tim Sloan said, "Wells Fargo continued to make meaningful progress in the first quarter in rebuilding trust with customers and other important stakeholders, while producing solid financial results.
• Shares of Wells Fargo are lower by 4.83 percent since the start of 2017 but higher by 8.7 percent over the past year.

Bank Of America (April 18)

• Bank of America Corp BAC earned $0.41 per share in the first quarter on revenue of $22.2 billion.
• Analysts were expecting the company to earn $0.35 per share on revenue of $21.6 billion.
• Net income for the quarter rose 40 percent from a year ago to $4.9 billion.
• Net interest income rose 5 percent to $11.1 billion while noninterest income rose 9 percent to $11.2 billion.
• CFO Paul Donofrio commented, "Each of our businesses reported higher revenue and earnings this quarter, and each recorded solid operating leverage. We grew loans and deposits, while remaining within our risk framework."
• Shares of Bank of America are higher by 2.76 percent since the start of 2017 and higher by 62 percent over the past year.

Goldman Sachs (April 18)

• Goldman Sachs Group Inc GS earned $5.15 per share in the first quarter on revenue of $8.03 billion.
• Analysts were expecting the company to earn $5.31 per share on revenue of $8.45 billion.
• Net earnings for the quarter rose 99 percent from a year ago to $2.255 billion.
• Book value per common share rose 1.4 percent to $185.98.
• CEO Lloyd Blankfein said, "The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise."
• Shares of Goldman Sachs are lower by 9.96 percent since the start of 2017 but higher by 36 percent over the past year.

Morgan Stanley (April 19)

• Morgan Stanley MS earned $1.00 per share in the first quarter on revenue of $9.7 billion.
• Analysts were expecting the company to earn $0.88 per share on revenue of $9.3 billion.
• Net income rose from $1.1 billion a year ago to $1.9 billion.
• Book value per common share rose from $35.34 to $37.48 while tangible book value also rose from $30.44 to $32.49.
• CEO James P. Gorman said, "We reported one of our strongest quarters in recent years. All our businesses performed well in improved market conditions."
• Shares of Morgan Stanley are lower by 2.46 percent since the start of 2017 but higher by 60 percent over the past year.

The financial sector exchange traded fund (ETF), the Financial Select Sector SPDR Fund XLF is trading lower by 0.73 percent since the start of 2017 and higher by just 0.79 percent over the past year.

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