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Wells Fargo profit misses estimates on lower loans, higher expenses

Jul 13 2018

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.

Stock futures rise as big deals, earnings hope dull tariff fears

Jul 12 2018

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 CFO sees flat Q2 markets revenue versus year earlier

Jun 13 2018

Citigroup Inc (C.N) sees second-quarter markets revenue coming in “flattish” compared to a year earlier, Chief Financial Officer John Gerspach said.

'Buffett, Dimon say quarterly profit forecasts harming economy'

Jun 07 2018

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 fully compliant on sanctions: CEO

Apr 25 2018

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 profit tops estimates as record splurge on rewards

Apr 19 2018

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 profit rises 13 percent on consumer banking, lower taxes

Apr 13 2018

Citigroup Inc (C.N) reported a 13 percent increase in quarterly profit, driven by lower taxes and higher consumer banking revenue.

Morgan Stanley CEO James Gorman pay up 20 percent in 2017

Apr 07 2018

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 reach record high in Q1

Mar 30 2018

Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value.

JPM's Pinto sees possible 40 percent correction in equities: Bloomberg

Mar 08 2018

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.

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Global Markets


Stocks In News



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


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