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.
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.
Citigroup Inc (C.N) sees second-quarter markets revenue coming in “flattish” compared to a year earlier, Chief Financial Officer John Gerspach said.
Buffett and Dimon voiced concerns that the financial markets’ focus on short-term goals is hurting the economy and urged companies to move away from providing quarterly earnings guidance.
Credit Suisse complies with sanctions regimes wherever it does business, CEO Thiam said after two U.S. senators demanded big banks disclose any links to rich Russians.
AmEx easily topped Wall Street targets for quarterly profit as record investments in card rewards and a strengthening US economy contributed to higher customer spending.
Citigroup Inc (C.N) reported a 13 percent increase in quarterly profit, driven by lower taxes and higher consumer banking revenue.
Morgan Stanley CEO overall pay rose 20 percent to $27 mn last year during a period that saw the firm’s net revenues rise 10 pc and pre-tax profit margin rise 18 percent.
Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value.
Equity markets could fall as much as 40 percent in the next two to three years, JPMorgan Chase & Co executive Daniel Pinto told Bloomberg Television in an interview.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm