Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday, driven by growth in bond trading and investment banking.
U.S. stocks were trading flat on Monday as a sharp drop in crude oil prices weighed on energy companies, offsetting a rebound in financials stocks after Bank of America’s strong results reinforced expectations of a strong earnings season.
U.S. stock indexes were little changed on Friday as a slide in financials on the three big Wall Street banks reporting mixed results was offset by gains in industrials as the U.S.-China trade rhetoric eased overnight.
Wells Fargo & Co (WFC.N) on Friday reported a bigger-than-expected drop in quarterly profit, as lending activity slowed and it recorded higher expenses.
Citigroup Inc (C.N) reported a 16 percent increase in quarterly profit on Friday, as the Wall Street bank benefited from lower taxes, higher fee income and strength in its consumer banking business in Mexico.
U.S. stock index futures bounced back on Thursday, from a drop a day earlier on renewed fears of a Sino-U.S. trade war, as oil prices rose and a couple of big deals helped rekindle optimism as the earnings season kicks off.
Hong Kong’s securities commission has fined a unit of Citigroup (C.N) HK$4 million ($509,710) for breaching “dark pool” regulations, the regulator said.
Visa Inc (V.N) and Mastercard Inc (MA.N) are close to settling a long-running antitrust lawsuit with merchants over the fees they pay while they accept card payments, the Wall Street Journal reported.
JPMorgan Chase & Co (JPM.N) said on Thursday that it is now offering a digital bank account for smartphones nationally after testing and refining the app in St. Louis since October.
Blackstone (BX.N) has launched a $5.5 billion bridge loan to support the pending bond issuance for its acquisition of a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk division.