GS recently reported earnings. Revenue from trading stocks and bonds surged 93%, surpassing what analysts had expected by about $2.5 B.
This news bodes very well for HFT firm VIRT which reports on Aug 7. According to Zacks, Virtu Financial is expected to post EPS of 1.57, or a year-over-year change of +881.3%. Rev is expected to be $647.24 million, up 170.9% from the year-ago quarter.
Currently, there are only 6 analyst that cover VIRT with avg price target of ~$27, and a low of $24, and a high of $31. VIRT currently trading at the low range, right above the 50sma, a rising trendline, and tight consolidation area that has formed between $23-$24.
This news bodes very well for HFT firm VIRT which reports on Aug 7. According to Zacks, Virtu Financial is expected to post EPS of 1.57, or a year-over-year change of +881.3%. Rev is expected to be $647.24 million, up 170.9% from the year-ago quarter.
Currently, there are only 6 analyst that cover VIRT with avg price target of ~$27, and a low of $24, and a high of $31. VIRT currently trading at the low range, right above the 50sma, a rising trendline, and tight consolidation area that has formed between $23-$24.
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small loser