Major US stock indexes fell slightly, as investors analyzed the mixed quarterly results of large banks, such as Goldman Sachs (GS) and Citigroup (C).

Goldman Sachs (GS) reported quarterly earnings of $ 5.71 per share, which was above analysts' average forecast of $ 5.02. At the same time, the quarterly earnings of the investment bank did not justify market forecasts, as sales in the institutional clients division fell by 18%. GS shares fell by almost 3.6%.

Citigroup (C) showed a profit of $ 1.87 per share, which was $ 0.08 above the analysts' average forecast. The company's revenue in general coincided with the average estimate of analysts, but it was almost 2% lower than in the same period of the previous year, due to a 24% drop in revenue from share trading.

The focus of market participants was also on the statements of US Treasury Secretary Mnuchin, who noted that negotiations between the United States and China “are going very well,” but added that “there is still a lot of work to do” to provide mechanisms for the implementation of the agreements already reached.

In addition, investors evaluated the report of the Federal Reserve Bank of New York, which showed that growth in manufacturing activity in New York accelerated somewhat in April, but remained rather restrained. According to the report, the index of activity in the manufacturing sector from the Federal Reserve Bank of New York rose to 10.10 in April after falling to 3.7 in March, while positive indicators indicate an increase in industrial activity in the region. Economists had expected the index to rise to 6.7.

DOW components ended the bidding mixed (14 in the red, 16 in the black). The Goldman Sachs Group (GS; -3.58%) was an outsider. The growth leader was UnitedHealth Group Inc. (UNH; + 3.07%).

Most sectors of the S & P recorded a decline. The largest decline was shown by the base materials sector (-0.6%). The consumer goods sector grew the most (+ 0.3%).

At the time of closing:

Dow 26,384.16 -28.14 -0.11%

S & P 500 2,905.57 -1.84 -0.06%

Nasdaq 100 7,976.01  -8.15 -0.10%

U.S. stock-index traded flat on Monday, as investors awaited further earnings reports.

Global Stocks:

(company / ticker / price / change ($/%) / volume)

Walt Disney (DIS) target raised to $139 at Imperial Capital

Citigroup (C) reported Q1 FY 2019 earnings of $1.87 per share (versus $1.68 in Q1 FY 2018), beating analysts’ consensus of $1.79.

The company’s quarterly revenues amounted to $18.576 bln (-1.6% y/y), generally in line with analysts’ consensus estimate of $18.564 bln.

С rose to $67.70 (+0.42%) in pre-market trading.

Goldman Sachs (GS) reported Q1 FY 2019 earnings of $5.71 per share (versus $6.95 in Q1 FY 2018), beating analysts’ consensus of $5.02.

The company’s quarterly revenues amounted to $8.807 bln (-12.6% y/y), missing analysts’ consensus estimate of $8.892 bln.

GS rose to $208.60 (+0.37%) in pre-market trading.

April 15

Before the Open:

Citigroup (C). Consensus EPS $1.79, Consensus Revenues $18564.06 mln.

Goldman Sachs (GS). Consensus EPS $5.02, Consensus Revenues $8892.00 mln.

April 16

Before the Open:

Bank of America (BAC). Consensus EPS $0.66, Consensus Revenues $23241.35 mln.

Johnson & Johnson (JNJ). Consensus EPS $2.04, Consensus Revenues $19548.52 mln.

UnitedHealth (UNH). Consensus EPS $3.60, Consensus Revenues $59713.69 mln.

After the Close:

IBM (IBM). Consensus EPS $2.24, Consensus Revenues $18575.24 mln.

Netflix (NFLX). Consensus EPS $0.57, Consensus Revenues $4501.20 mln.

April 17

Before the Open:

Morgan Stanley (MS). Consensus EPS $1.17, Consensus Revenues $9962.62 mln.

After the Close:

Alcoa (AA). Consensus EPS -$0.12, Consensus Revenues $2877.88 mln.

April 18

Before the Open:

American Express (AXP). Consensus EPS $1.97, Consensus Revenues $10461.81 mln.

Honeywell (HON). Consensus EPS $1.84, Consensus Revenues $8680.46 mln.

Travelers (TRV). Consensus EPS $2.77, Consensus Revenues $6975.83 mln.