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BANK OF AMERICA: Companies are crushing earnings season so far — but the firms missing forecasts are being punished more than usual
The worse-than-usual performance by some companies suggests investors may not be confident in their long-term outlooks, Bank of America analysts said.
Share buybacks fell 18% year-over-year in the second quarter, Goldman analysts found, and the second half of the year will likely see further decline.
Stocks leap every time Trump claims to have a trade deal with China. The deal is never really there, and Wall Street just looks dumb.
Photo of ex-Goldman CEO Lloyd Blankfein loving retirement shows how dramatically he’s ‘lost stature’
"I knew I’d lose stature when I left my old job," Blankfein wrote on Twitter. "Thank you Harvard basketball team for rubbing it in!!"
The loss fell under analysts' expectations, as Morgan Stanley had projected a $264 million hit for Goldman.
‘The inner city schools are not failing because of banks, okay?’ — JPMorgan CEO Jamie Dimon defended Wall Street against claims it...
Dimon pointed to banks' investments in health, training, infrastructure, and other areas when asked about rising anti-bank sentiment.
The bank cited the "lower interest rate environment" for the decline in net interest income and announced a $1.6 billion charge for litigation costs.
Crystal animals, Louis Vuitton luggage, and a trip to Las Vegas: Deutsche Bank reportedly showered China’s elite with lavish gifts to win busine...
The German lender doled out vintage wines and golf clubs, paid millions to connected consultants, and hired over 100 relatives of Chinese leaders.
Citigroup's trading results fell less than 1% amid hundreds of layoffs across the business, beating expectations for a 4% drop.
Goldman Sachs’ quarter soured by disappointing banking revenue, writedowns for Uber and other investments
Goldman took a $267 million markdown on public investments in companies like Uber and Tradeweb Markets.