Bank Earnings Have Disappointed; Even Goldman's Beat Seems Lackluster
Stocks opened higher at Friday’s opening bell, after a difficult week
for markets and investors. Energy led the gains as oil prices rebounded.
Shares Goldman Sachs, however, declined after the bank's bottom-line
beat was overshadowed by poor trading revenue. One stock to keep an eye
on is Kinder Morgan (KMI), one of Jim Cramer's Action Alert Picks at
TheStreet, as it reports earnings after the bell. The company is looking
to post earnings of around $0.35 a share, after missing at $0.33 a
share this time last year.
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