[ad_1] Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking. Here’s what the company reported: Earnings: 83 cents a share adjusted, vs. 76 cents expected, according to LSEG Revenue: $25.98 billion, vs. $25.46 billion expected The bank …
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Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
[ad_1] Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue. Here’s what the company reported: Earnings: $11.58 per share, vs. $8.56 expected, according to LSEG Revenue: $14.21 billion, vs. $12.92 billion expected The bank said profit …
Read More »Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
[ad_1] Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected results in the bank’s investment banking and trading operations. Here’s how the company performed, compared with estimates from LSEG, formerly known as Refinitiv: Earnings: $1.86 per share, adjusted, vs. $1.23 expected Revenue: $21.10 billion vs. $20.4 …
Read More »JPMorgan Chase tops estimates on better-than-expected credit costs, trading revenue
[ad_1] Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading …
Read More »US stocks end sharply lower as sticky inflation dims rate cut hopes – Times of India
[ad_1] Wall Street experienced a significant downturn on Wednesday, driven by mounting concerns that the recent inflationary pressures are not merely temporary disturbances but a persistent trend. The S&P 500 saw a decline of 0.9%, with a vast majority of stocks within the index following suit. The Dow Jones Industrial …
Read More »US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India
[ad_1] Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was …
Read More »S&P 500 slips to start the week as Wall Street takes a breather from record highs: Live updates
[ad_1] Traders work on the floor of the New York Stock Exchange during morning trading on February 23, 2024 in New York City. Michael M. Santiago | Getty Images Stocks were flat Monday after key stock benchmarks reached record highs and investors awaited inflation data slated for release later this …
Read More »Stock market today: Wall Street waltzes past its latest milestone as S&P 500 closes above 5,000 – Times of India
[ad_1] NEW YORK: More gains for US stocks on Friday sent Wall Street to its latest record, milestone and winning week. The S&P 500 rose 0.6% and finished a day above the 5,000 level for the first time. It’s the 10th record in less than a month for the index, …
Read More »The S&P 500 will try to maintain its momentum next week after breaching 5,000, with key inflation data, earnings on deck
[ad_1] The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. The 5,000 milestone does not represent technical resistance for the S & …
Read More »Goldman warns these are the most crowded AI-related stocks
[ad_1] These stocks riding the surge of interest in artificial intelligence are the most crowded trades, Goldman Sachs warned. The enthusiasm around AI has run up the prices for some stocks so high that investors are worried they are becoming overcrowded. That increases the volatility and risk of a sharp …
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