Category: Financial Services

November 5, 2019

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 […]

October 24, 2019

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 […]

October 16, 2019

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 […]

October 15, 2019

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 […]

October 2, 2019

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 […]

September 17, 2019

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 […]

September 4, 2019

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 […]

August 21, 2019

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 […]

August 20, 2019

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 […]

August 12, 2019

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 […]