Wall Street's biggest banks stockpiled more rainy-day funds to prepare for a possible recession ahead and reported weak investment banking results, but said consumers remained healthy and higher rates boosted profits.
Banks have been hit by a slump in mergers, acquisitions and initial public offerings. Global investment banking revenue sank to $15.3 billion in the fourth quarter, down more than 50% from a year-earlier quarter, according to data from Dealogic.
JPM's trading revenue, however, gained from market volatility as investors repositioned bets to navigate a high interest rate environment.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
TSMC’s U.S. stock rallies as Wall Street talks about bottom in the chip sectorTSMC rallied Thursday after the third-party silicon-wafer fabricator's results once again brought up inevitable speculation about 'the bottom.'
Weiterlesen »
Warner Bros. Discovery on a Roll With Wall Street Analysts After UpgradeA day after two analyst peers touted the shares, Guggenheim's Michael Morris sees 31 percent upside in his report titled 'Chapter 2: Management Takes Control of the Story.'
Weiterlesen »
Wall Street ends sharply higher on optimism before key inflation reportU.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.
Weiterlesen »
Wall Street’s biggest bear: Fed’s Jerome PowellThe struggle between the Fed and markets is ultimately a good sign for Biden and Congress because it suggests that the U.S. may be in the endgame of its war against this bout of inflation, but the conflict underscores the central bank’s delicate position.
Weiterlesen »
11 New GOP Picks for House Financial Oversight Panel Took Over $6.1 Million From Wall Street'The MAGA majority in charge of overseeing the financial industry are completely awash in Wall Street money,' said LCommaThoughts of accountable_us. 'Consumers beware as financial scammers rejoice.'
Weiterlesen »
Wall Street's rally signals more conviction in the market in 2023 - listen to 'The Homestretch'Jim Cramer also expressed some caution, with the market in overbought conditions ahead of Friday's kick off of earnings season. A transcript of 'The Homestretch' will be added here shortly.
Weiterlesen »