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Morgan Stanley's wealth business slowdown overshadows profit beat
StreetInsider· 2 days agoThe bank's wealth business had flourished under former CEO James Gorman, generating more stable revenue than more volatile market-sensitive businesses such as investment banking and trading. It aims to manage $10 trillion in client assets.
Bank of America leans on Wall Street as high rates pose challenges to Main Street operations
AOL· 2 days agoSecond quarter profits at Bank of America (BAC) fell 7% from a year ago as its consumer operations wrestled with higher interest rates, but it was able to churn out more investment banking fees ...
Bank of America leans on Wall Street as high rates pose challenges to Main Street operations
Yahoo Finance· 2 days agoSecond quarter profits at Bank of America fell 7% from a year ago as its consumer operations...
Morgan Stanley's investment banking soars on deal outlook, but weaker wealth weighs
StreetInsider· 2 days agoBy Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley's second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking that was offset by muted growth in wealth management....
The Art of Valuation: Discovering The Goldman Sachs Group Inc's Intrinsic Value
GuruFocus.com via Yahoo Finance Canada· 2 days agoAs of 2024-07-16, The Goldman Sachs Group Inc's intrinsic value as calculated by the Discounted...
Morning Bid: Powell stirs rate hopes, Trump trade cools
StreetInsider· 2 days agoAfter a jarring Monday that spurred a wave of U.S. election trades, world markets zeroed in Federal Reserve easing hopes, China's economic stumble and the unfolding earnings season. The appearance ...
Citadel Hires Segantii's Pidgeon to Head Asia-Pacific Treasury
Financial Post· 2 days agoKen Griffin’s Citadel hedge fund business is tapping a senior Segantii Capital Management Ltd....
Citadel Hires Segantii’s Pidgeon to Head Asia-Pacific Treasury
Bloomberg via Yahoo Finance Canada· 2 days ago(Bloomberg) -- Ken Griffin’s Citadel hedge fund business is tapping a senior Segantii Capital...
Hong Kong stocks slip as China's gloomy economic outlook spooks investors
South China Morning Post via Yahoo Finance Canada· 2 days agoHong Kong stocks fell on Tuesday as China's economic gloom punctured investor sentiment, with major investment banks downgrading their economic projections for the world's second largest economy ...
Powell's speech, Bitcoin, retail sales - what's moving markets
StreetInsider· 2 days agoComments from Fed chief Jerome Powell have cemented expectations that the Federal Reserve will start cutting interest rates in September. Meanwhile bitcoin has gained as traders see a Trump ...
