More than four months into the coronavirus pandemic, the financial damage wrought by the outbreak has yet to fully register.
Schlagwort-Archiv: Financial
Without big Wall Street trading arms, regional banks lean on mortgages and fees to beat earnings
Several smaller national and regional banks beat earnings expectations this week despite not having the large trading operations of their larger competitors.
Goldman Sachs shares rise as earnings blow past the Street on the best trading results in years
Expectations for Goldman were running high after JPMorgan Chase and Citigroup posted strong trading, and the firm delivered.
Bank of America shares drop as the firm sets aside another $4 billion for coronavirus-related loan losses
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.
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.
Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Berkshire Hathaway’s Apple stake is now 40% of its equity portfolio after the tech giant’s massive rally.
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.
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.