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Benzinga
Benzinga
Business
Henry Khederian

Why Wells Fargo, Bank Of America And Robinhood Markets Shares Are Falling Today

HOOD NYSE BAC Bank of America Corp WFC

Shares of companies in the broader financial services sector, including Wells Fargo & Co (NYSE:WFC), Bank of America Corp (NYSE:BAC) and Robinhood Markets Inc (NASDAQ:HOOD), are all trading lower in sympathy with Goldman Sachs, which reported worse-than-expected quarterly results.

Goldman Sachs reported quarterly earnings of $10.81 per share which missed the analyst consensus estimate of $11.73 by 8%. The company also reported quarterly sales of $12.64 billion which beat the analyst consensus estimate of $12.01 billion by 5% This represents an 8% increase over sales of $11.74 billion the same period last year.

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