Trading on major bank stocks were mixed after two of the big banks reported earnings early Tuesday. Goldman Sachs and Morgan Stanley beat estimates for the third-quarter to mixed fanfare. Goldman stock was down 1.82% while Morgan Stanley shares were up 1.61%. Goldman posted earnings per share of $5.02, ahead of the $4.19 expected by analysts. Show More Summary
Stocks of all the major banks were slightly higher in pre-market trading after two of the big banks reported earnings on Tuesday. Goldman Sachs and Morgan Stanley beat estimates for the third-quarter, sending their stocks up 1.18% and 1.59% respectively. Goldman posted earnings per share of $5.02, ahead of the $4.19 expected by analysts. Show More Summary
Large incumbent financial firms will continue to control the bulk of the value in the industry, but the structure of the value chain and the way these firms compete will change drastically.
Boosie's brother is dodging serious potential jail time for allegedly stealing more than $300k from his famous sibling, but the big question... WHY?? The D.A. in charge of Taquari Hatch's case has refused to file charges against him -- despite cops…
For today’s edition of Deal of the Day, here are a few great deals we stumbled on while browsing the web this morning: –Portable Chargers RAVPower Luster Mini 3350mAh External Battery Pack – $39.99 $8.99 –Garmin Drive 50 USA LM GPS Navigator...Show More Summary
Ariel Winter's niece ain't about the lemonade-stand life... not when the 8-year-old wants to ball out like her super famous aunt. Skylar Gray -- who idolizes Ariel -- landed her first big TV gig playing young Abby on the CBS sitcom, "Me,…
The Philadelphia Eagles may have beaten the Carolina Panthers on Thursday Night Football on the field, but at least one of their fans left Bank of America Stadium with a big fat L. Way up in the nosebleed section where the violence usually happens, there was a confrontation between some Panthers and Eagles fans that ultimately […]
The first two of the big banks reported earnings on Thursday morning, and all of the major banks are rising following the reports. JPMorgan and Citi posted their third-quarter earnings beats and saw their stocks rise after the results. First,...Show More Summary
Hurricanes Harvey, Irma and Maria left it their wake countless number of homes and businesses damaged to the extend where the property owners are likely walking away from real estate loans, leaving our nation’s biggest banks with waves of mortgage and commercial real estate defaults.
JPMorgan will start the third-quarter reporting season for big banks.
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. During a panel discussion at LendIt Europe in London this week, representatives from leading incumbent lenders...Show More Summary
r_qt1709 by TBP_Think_Tank on Scribd The post International banking and financial market developments appeared first on The Big Picture.
The political uncertainty caused by Catalonia's independence push is hitting small businesses and people's savings accounts after pushing several big firms and banks to relocate elsewhere in Spain. The prospect of an independent Catalonia...Show More Summary
America’s central bank, the Federal Reserve, is on the precipice of a regime change. The post Credit Where it’s Due: Big Number for Fed Frontrunner appeared first on The Good Men Project.
Regular readers of this blog know that on Wall Street, greed is considered good. Big banks keep on repeating the mistakes of yesterday. Never mind the often, disastrous consequences that follow. In fact, one of the biggest mistakes,Show More Summary
The early reviews of President Trump’s tax plan are in: The big banks are elated, corporate CEOs are ecstatic and billionaires
No matter what Jamie Dimon may say, bitcoin’s durability can be expressed by one simple fact: With a market cap of $100 billion, digital currencies have become too big for banks to ignore. As Bloomberg recalls in a story about how banks...Show More Summary
Computing giant IBM Corp. yet again expanded its reach into finance blockchain technology today with the announcement that the company’s trade finance platform collaboration with UBS AG has been joined by Bank of Montreal, CaixaBankShow More Summary
Deutsche Bank is pulling a Silicon Valley move. The German bank, which is one of the last big financial firms based in the historic heart of New York finance near Wall Street, announced on Wednesday it will open a large swath of computer...Show More Summary
The world’s Central Banks have finally succeeded in unleashing an inflationary storm. The first pickup has only just begun to be felt. But this time next year, when inflation is well north of 4% globally and the big price moves haveShow More Summary