U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]
Tag: Citigroup Inc
Morgan Stanley Earnings Q4 2019
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to […]
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 […]
Joe Biden campaign chairman rallies Wall Street donors for fundraising push
Democratic presidential candidate, former Vice President Joe Biden delivers remarks on the Trump administration’s recent actions in Iraq at Current, Chelsea Piers in New York City. Ron Adar | Barcroft Media | Getty Images Joe Biden’s campaign chairman privately met with some of Wall Street’s top donors last week in an attempt to rally them […]
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 […]
Wall Street strategists recommend stable dividend-paying investments
Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. Don Emmert | AFP | Getty Images Stocks may be at record highs, but 2020 has already proven to be a volatile year, leading a growing cohort of Wall Street strategists to recommend stable dividend-paying investments. Favorite names […]
