Wall Street banks are grappling with the collapse in IPOs and issuance this year, a sharp reversal from the deals boom that drove results last year.
Schlagwort-Archiv: CNBC
Wells Fargo shares jump 3% as bank tops expectations despite boosting loan loss reserves
Wells Fargo on Friday reported lower quarterly earnings than a year ago as a decision to build up reserves cut into profit.
Morgan Stanley posts third-quarter profit miss as investment banking revenue collapses 55%
Wall Street banks are grappling with the collapse in IPOs and issuance this year, a sharp reversal from the deals boom that drove results last year.
JPMorgan Chase tops estimates as bank reaps more interest income than expected after jump in rates
JPMorgan Chase on Friday posted results that topped analysts‘ estimates as the biggest U.S. bank by assets took advantage of rising rates.
Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Global money market funds saw the largest weekly inflows since April 2020 as investors seek safety to ride out the turmoil.
Stocks making the biggest moves premarket: Delta, Walgreens, Applied Materials and others
These are the stocks posting the largest moves before the bell.
Stocks making the biggest moves after hours: Digital World, Victoria’s Secret and more
These are the stocks posting the largest moves in after-hours trading.
Inflation cut in half: Moody’s Analytics‘ Mark Zandi sees major relief within six months
Prices should cool enough for the U.S. to avoid recession, according to Moody’s Analytics‘ chief economist Mark Zandi.
Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Global money market funds saw the largest weekly inflows since April 2020 as investors seek safety to ride out the turmoil.
Fed officials expect higher rates to stay in place, meeting minutes show
The Federal Reserve released minutes Wednesday from its Sept. 20-21 meeting.