The market was up in intraday trading with Janet Yellen facing the Senate Finance Committee as she waits to be sworn in as the U.S. Treasury Secretary under President-elect Joe Biden's administration.
And we heard from more banks.
Goldman Sachs beat earnings expectations Tuesday.
The company reported earnings that came in at $12.08 per share, nearly triple the tally from last year and firmly ahead of the consensus forecast of $7.47 per share. Group revenues rose 17.8% to $11.74 billion, again beating analysts' forecasts.
And Bank of America posted earnings that came in at 59 cents per share, down 21.3% from the same period last year but 4 cents ahead of the consensus forecast. Group revenues fell 10.6% from last year to $20.1 billion, coming in just shy of analysts' estimates of a $20.7 billion tally.
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