Goldman Sachs Pops As State Street and Sunoco Shares Smacked

January 18, 2012

Earnings season is in full effect this week. So far, the latest reports are not causing investors to panic, rather hold the markets steady. Here are five companies that are moving and shaking among traders on Wall Street and why today:

Goldman Sachs Group, Inc. (NYSE:GS) shares are trading 5.12% higher today after revealing that Q4 investment banking revenue -43% Y/Y, +10% from Q3. Q4 Underwriting revenue -56% Y/Y and compensation costs -21% Y/Y. Goldman Sachs Group Inc. Earnings: Revenue and Profit Decline>>

Shares of State Street Corporation (NYSE:STT) are trading 7.84% lower today after Q4 EPS of $0.93 of misses by $0.01, and revenue of $2.32B (+11.9% Y/Y) misses by $80M.

Shares of Northern Trust Corporation (NASDAQ:NTRS) are trading 2.15% lower today, since Q4 EPS of $0.70 beats by $0.02, and revenue of $955.6M (+6.6% Y/Y) misses by $16.75M.

DA Davidson maintains a Buy rating on Avago (NASDAQ:AVGO), after Linear Technology Corporation (NASDAQ:LLTC) provided guidance that Davidson views as strong, the firm sees the guidance as a positive read-through onAvago, since both companies generate a large proportion of their revenue from industrial customers. Oppenheimer expects investors to view the data as indications that Linear Technology has bottomed, after it reported largely in-line Q2 results and also gave higher than expected Q3 revenue guidance. Shares of Linear Technology Corporation are trading 7.87% higher today, after Oppenheimer recommended buying them.

Sunoco, Inc. (NYSE:SUN) shares are trading 12.72% lower today, after the completion of its distribution to its shareholders of 56.66M shares of common stock of SunCoke Energy (NYSE:SXC) owned by Sunoco. Sunoco no longer owns any SunCoke common stock, and Sunoco shareholders will receive 0.53046456 of a share of SunCoke common stock, in book-entry form, for every share of Sunoco common stock held as of the close of business on January 5, after the completion of the distribution.

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To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com