Bank of America’s trading division, similar to what rivals JPMorgan Chase and Citigroup have disclosed, helped offset the drag caused by the coronavirus pandemic.
Schlagwort-Archiv: CNBC
The market is at a crossroads with surging coronavirus cases and the election looming, Ally Invest strategist says
Ally Invest’s Lindsey Bell sees growing risks in the market associated with the coronavirus and politics.
China’s banks brace for more bad loans as coronavirus-hit economy slows
Rising bad loans are set to squeeze Chinese banks‘ margins and profits in the coming quarters, said analysts.
Stocks making the biggest moves in the premarket: Netflix, BlackRock, Microsoft, Lyft & more
The stocks making the biggest moves in premarket trading include Netflix, BlackRock, Microsoft, Lyft, and more.
Despite a massive recession, JPMorgan Chase just posted record revenue — here’s how the bank did it
JPMorgan has the world’s biggest Wall Street bank by revenue, a business that helped it capture opportunities created by the response to the pandemic.
Netflix shares fall after earnings miss, weak subscriber guidance for third quarter
The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings.
BlackRock profit jumps 21% on fixed-income boost
BlackRock, the world’s largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services.
Stocks rise slightly, shaking off a big decline in Netflix
Stocks rose on Friday, rebounding from losses in the previous session, as investors looked past a sharp decline in streaming giant Netflix.
Stocks making the biggest moves after hours: Netflix, Tesla, J.B. Hunt and more
See which stocks are posting big moves after the bell.
Morgan Stanley beats estimates for second-quarter profit on strong trading results
Morgan Stanley benefited from one of Wall Street’s best trading quarters in years.