Goldman Sachs, Morgan Stanley, Valero Energy And More On CNBC’s ‘Final Trades’

On CNBC’s “Halftime Report Final Trades,” Stephen Weiss, managing partner of Short Hills Capital Partners, picked The Goldman Sachs Group, Inc. (NYSE:GS).

Goldman Sachs, on July 14, posted upbeat earnings for the second quarter. The firm reported earnings of $20.98 per share, well above the analyst consensus estimate of $14.40. Net revenue increased 39% year over year to $20.34 billion, beating the consensus estimate of $16.13 billion, driven by strength in its Global Banking & Markets business.

Don’t forget to check out our premarket coverage here

DCLA’s Sarat Sethi named Morgan Stanley (NYSE:MS) as his final trade.

Morgan Stanley, on July 15, reported upbeat earnings for the second quarter. The company posted quarterly earnings of $3.46 per share which beat the analyst consensus estimate of $2.91 per share. The company reported quarterly sales of $21.348 billion which beat the analyst consensus estimate of $19.637 billion.

Shannon Saccocia, chief investment officer – Wealth for Neuberger, recommended iShares U.S. Energy ETF (NYSE:IYE).

Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Valero Energy Corporation (NYSE:VLO).

As per the recent news, Valero Energy, on July 16, declared a regular quarterly cash dividend of $1.20 per share and authorized an additional $5 billion share repurchase program.

Price Action

• Morgan Stanley shares fell 2.1% to close at $210.94 on Monday.
• Goldman Sachs shares fell 0.6% to settle at $90.15 during the session.
• iShares U.S. Energy ETF gained 0.5% on Monday.
• Valero Energy shares gained 1.2% to close at $313.31 on Monday.

Photo via Shutterstock