Top

Category: Financial Services


Financial Services, Industries

Morgan Stanley profits rise 48%, helped by strong markets

January 20, 2021

Via: ABC News

Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a […]


Financial Services, Industries

Bank of New York Lower After Profit Drop Due to Low Rates

January 20, 2021

Via: TheStreet

Bank of New York Mellon (BK) – Get Report shares fell on Wednesday after the banking company reported declines in fourth-quarter earnings and revenue that stemmed from low interest rates. Net income fell to $755 million, or 79 cents a […]


Finance Tech, Financial Services, Industries, Trading

Goldman Sachs crushes analysts’ estimates on stronger-than-expected stock trading, investment banking

January 19, 2021

Via: CNBC

Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities traders and investment bankers. The bank posted earnings of $12.08 a share, crushing the $7.47 estimate of analysts surveyed by Refinitiv. […]


Enterprise, Financial Services, Industries

Goldman Sachs to Take Over General Motors Credit-Card Business

January 15, 2021

Via: TheStreet

Goldman Sachs (GS) – Get Report will take over General Motors’ (GM) – Get Report credit-card business, the two companies said Friday. The New York investment firm will be the issuing bank for the Detroit automaker’s credit-card programs, with the […]


Financial Services, Industries

JPMorgan beats profit estimates on better-than-expected credit, record trading revenue

January 15, 2021

Via: CNBC

JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]


Financial Services, Industries

Bank of America, Banking Stocks Rise on Possibility of Democratic Senate Majority

January 6, 2021

Via: TheStreet

Banking stocks were rising Wednesday as Democratic challenger Raphael Warnock beat the Republican incumbent, Kelly Loeffler, in Georgia, opening up the possibility of a Democratic takeover of the U.S. Senate. Shares of JPMorgan Chase & Co. (JPM) – Get Report […]


Capital, Finance Tech, Financial Services, Industries

Jefferies Climbs on Fourth-Quarter Profit Surge

January 5, 2021

Via: TheStreet

Jefferies Financial Group (JEF) – Get Report shares rose on Tuesday after the financial-services company reported a 79% surge in fourth-quarter net income per share and boosted its stock-buyback plans. Shares of the New York investment bank at last check […]


Financial Services, Industries

Square and PayPal Price Targets Up on Faster E-Payment Adoption

December 22, 2020

Via: TheStreet

Price targets on Square (SQ) – Get Report and PayPal (PYPL) – Get Report were raised at Deutsche Bank as the investment firm’s analyst expects faster adoption of e-commerce and mobile-payment services due to the coronavirus pandemic and other factors. […]


Financial Services, Industries, News

Biden wants to change how credit scores work in America

December 18, 2020

Via: Fortune

The credit industry isn’t working if you ask consumer advocates. The Big Three credit agencies—Equifax, TransUnion, and Experian—are black boxes, gathering and selling consumer data, grading us on our financial behavior without letting us in on how they do it, […]


Finance Tech, Financial Services, Industries, Trading

Public, a would-be Robinhood rival, raises $65 million

December 15, 2020

Via: Fortune

The year 2020 has been tough for many companies, but it’s been a fantastic one for brokerages. Buoyed by a record number of new retail investors, firms like Robinhood and Fidelity have experienced record levels of trading. This trading surge, […]