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Category: Financial Services


Financial Services, Industries

Goldman Sachs Lost Millions on WeWork and Uber. Now, the CEO Is Talking Up the ‘Path to Profitability’

November 5, 2019

Via: Fortune

Goldman Sachs Group Inc., stung by losses in Uber Technologies Inc. and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing […]


Financial Services, Industries

SoftBank’s shares slump to a 10-month low after $9.5 billion WeWork bailout

October 24, 2019

Via: Business Insider

SoftBank’s share price hit its lowest point since the last week of January after it announced it would be bailing out WeWork earlier this week. The firm’s stock fell nearly 3% in Tokyo trading on Thursday, as investors reacted to […]


Financial Services, Industries

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019

Via: CNBC

Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]


Financial Services, Industries

JPMorgan beats expectations in its third quarter earnings with record revenue

October 15, 2019

Via: Business Insider

JPMorgan Chase beat expectations on Tuesday, as the bank released its third-quarter results, posting $2.68 earnings per share, beating the expected $2.56 from Wall Street analyst estimates from Bloomberg. The CEO said the company was resilient “despite a more challenging […]


Financial Services, Industries

Why PayPal’s Approval to Enter China’s Payments Market May Be Less Than It Seems

October 2, 2019

Via: Fortune

PayPal Holdings has become the first foreign payments company to gain a foothold in China, more than a year after Beijing said it would open the space to foreign firms. But the deal may be less than it seems, as […]


Financial Services, Industries

Which Big Banks Have the Most to Lose from Fed Rate Cuts?

September 17, 2019

Via: TheStreet

Analysts at Goldman Sachs (GS – Get Report) cut their earnings per share estimates for large cap banks, as they see a handful of interest rate cuts from the Federal Reserve in the next few years. The SPDR S&P bank […]


Financial Services, Industries

JPMorgan to add Chinese debt to its bond-market indexes

September 4, 2019

Via: Market Watch

JPMorgan Chase & Co. plans to add Chinese government debt to its widely followed indexes, marking the latest stamp of foreign approval for the country’s assets and one that is likely to draw yet more money from abroad. The bank’s […]


Financial Services, Industries

A Danish bank is launching a 0.6% negative interest rate on its savings accounts for millionaires

August 21, 2019

Via: Business Insider

Jyske Bank, one of the largest lenders in Denmark, has announced that it will start charging wealthy clients to store their money, just weeks after introducing the first ever negative interest rate mortgage for customers. The bank said on Tuesday […]


Financial Services, Industries

China may have a new way of boosting its economy. Here’s what the central bank just did

August 20, 2019

Via: CNBC

China’s central bank has changed the way commercial lenders set interest rates for loans — a move expected to bring borrowing costs lower at a time when the Chinese economy needs a boost. Growth in China is slowing down as […]


Financial Services, Industries

Goldman has a new strategy for beating the market during the trade war

August 12, 2019

Via: CNBC

Goldman Sachs has a new battle plan for the trade war: Buy service-providing stocks and avoid goods-producing companies. The strategy involves buying companies such as Microsoft, Amazon, Google and J.P. Morgan Chase because the U.S.-China trade war has hurt share […]