How to Trade Goldman Sachs, Morgan Stanley on Earnings Reports

The banks kicked off earnings season on Friday, as the country’s largest investment banks began reporting their fourth-quarter results.

We went over the most notable setups, knowing full well that we would also need to hear from Goldman Sachs  (GS) – Get Free Report and Morgan Stanley  (MS) – Get Free Report, which both reported on Tuesday before the open.

For its part, Goldman Sachs delivered a top- and bottom-line miss. The shares opened about 2.5% lower and are now down about 5%.