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Tag: breakingNewsGlobal

Goldman CEO Solomon says ‘no question’ response to coronavirus slow

Goldman CEO Solomon says ‘no question’ response to coronavirus slow

Goldman Sachs CEO David Solomon said that while there is “no question” that the initial U.S. response to the coronavirus pandemic was slow, progress is now being made and a “path forward” from the crisis will emerge in coming weeks. “There’s no question, David, that we were late to this, we were slow to adapt,” […]

Citigroup traders joins other banks in coronavirus precaution

Citigroup traders joins other banks in coronavirus precaution

A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is sending traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey, next week in contingency plans tied to the coronavirus, according to […]

Start-up partners with BlackRock to offer investments used by the rich

Start-up partners with BlackRock to offer investments used by the rich

A digital platform that offers alternative investments to the masses is attempting to broaden its appeal with a new fund created with BlackRock, the world’s biggest asset manager. For the last five years, New York-based start-up YieldStreet has been giving its users access to a category of deals that had previously been the domain of […]

Goldman Sachs dumped its entire stake in Uber late last year

Goldman Sachs dumped its entire stake in Uber late last year

Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped the bank beat […]

Bank of America (BAC) earnings Q4 2019

Bank of America (BAC) earnings Q4 2019

The financial institution posted fourth-quarter revenue of $7 billion, a 4% decline from a 12 months earlier, or 74 cents a share, which was an surprising 6% improve helped by a discount in excellent shares. That determine exceeded the 68 cent estimate of analysts surveyed by Refinitiv. Revenue fell 1% to $22.5 billion, edging out […]

JP Morgan Chase (JPM) earnings Q4 2019

JP Morgan Chase (JPM) earnings Q4 2019

Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC J.P. Morgan Chase¬†posted profit that exceeded analysts’¬†expectations on a surge in fourth-quarter trading revenue. is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $2.35 […]

JP Morgan kicks off bank earnings, but all eyes on guidance

JP Morgan kicks off bank earnings, but all eyes on guidance

Pedestrians pass in front of a JPMorgan Chase & Co. bank branch in New York. Eric Thayer | Bloomberg | Getty Images Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about […]

Goldman Sachs launches Marcus mobile app

Goldman Sachs launches Marcus mobile app

A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters When Goldman Sachs released a long-awaited app for customers of its Marcus consumer bank last week, it did so with little fanfare or hype. Unlike the intense attention on […]