Goldman Sachs Group Inc., Citigroup Inc. and Morgan Stanley were among Wall Street banks whose second-quarter profit estimates were cut by analysts, who said the companies’ trading revenue was likely to tumble.
BusinessWeek.com — Finance
Bank investors may have to wait at least another quarter for trading to rebound as analysts expect lower trading revenue in the current period, the fifth straight year-over-year drop, amid weaker volume and market declines.
BusinessWeek.com — Finance
European stocks rose, giving the Stoxx Europe 600 Index its first back-to-back gains in three weeks, as China’s industrial production topped forecasts. U.S. index futures and Asian shares advanced.
BusinessWeek.com — Finance
China’s lending tumbled in May and money supply grew at the slowest pace since 2008, adding to signs that the world’s second-biggest economy is cooling.
BusinessWeek.com — Finance
China’s lending tumbled in May and money supply grew at the slowest pace since 2008, adding to signs that the world’s second-biggest economy is cooling.
BusinessWeek.com — Finance
Companies in the U.S. added fewer workers than forecast in May, a sign that job growth is struggling to gain momentum, data from a private report based on payrolls showed today.
BusinessWeek.com — Finance
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce posted second-quarter profits that missed analysts’ estimates as lending margins narrowed and trading declined.
BusinessWeek.com — Finance
U.S. stocks fell, trimming the first weekly gain for the Standard & Poor’s 500 Index in May, as Gap Inc.’s profit forecast missed estimates and the euro weakened on expectations that the German economy will lose momentum.
BusinessWeek.com — Finance
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