Several of the most major banks released their earnings this morning. Here is a rundown of the results.

Wells Fargo

Wells Fargo (WFC) reported an adjusted profit of $0.88 per share, beating forecasts for $0.81 per share, on revenue of $17.6B, below expectations for $17.8B.

Net interest income at the bank increased 5% in the first quarter due to lower mortgage-backed securities premium amortisation, a decrease in long-term debt, and higher loan balances. Noninterest income, however, fell 14%, driven by lower mortgage banking income, the bank said.

The bank repurchased 110.1 million shares, worth $6B, of common stock in the first quarter.

Goldman Sachs

Goldman Sachs (GS) reported an adjusted profit of $10.76 per share, beating forecasts for $8.61 per share, on revenue of $12.9B, beating expectations for $11.9B.

Global Markets generated quarterly net revenues of $7.9B, reflecting strong performances in Equities and Fixed Income, Currency and Commodities (FICC), including record net revenues in FICC financing. Investment Banking generated quarterly net revenues of $2.41 billion, including strong net revenues in Financial advisory.

The bank repurchased 1.4 million shares, worth $500M, of common stock in the first quarter.

Morgan Stanley

Morgan Stanley (MS) reported an adjusted profit of $2.06 per share, beating forecasts for $1.71 per share, on revenue of $14.80B, beating expectations for $14.25B.

The bank delivered its second highest quarterly net revenues of $14.8B on continued strong performance and contributions across their businesses. James P. Gorman, Chairman and Chief Executive Officer, said, “The Firm delivered a strong ROTCE of 20% in the face of market volatility and economic uncertainty, demonstrating the resilience of our global diversified business. Institutional Securities navigated volatility on behalf of clients extraordinarily well, Wealth Management’s margin proved resilient and the business added $142B net new assets in the quarter, and Investment Management benefited from its diversification.”

The bank repurchased 30 million shares, worth $2.9B, of common stock in the first quarter.

Citigroup

Citigroup (C) reported an adjusted profit of $2.02 per share, beating forecasts for $1.43 per share, on revenue of $19.3B, beating expectations for $18.2B.

Revenues decreased 2% from the prior-year period, as higher net interest income driven by Services in Institutional Clients Group (ICG) and Personal Banking and Wealth Management (PBWM) was more than offset by lower non-interest revenue across businesses.

The bank repurchased 50 million shares, worth $4B, of common stock in the first quarter.

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