Tag:
credit spreads
Latest Headlines
Latest Headlines
JPMorgan beats estimates, revenue flat
Not a bad start to the third quarter earnings derby: JPMorgan Chase announced earnings of $1.02 a share, compared with $1.01 a share a year ago. That beat the average analyst estimate of 96 cents a share.
Revenue was basically the same as it was a year ago, but down 11 percent on a sequential
U.S. debt downgrade would hit FICC trading profits
The deal reached between Congressional Democrats and Republicans to lift the U.S. debt ceiling was greeted as good news on Wall Street. But the deal--unfortunately--did not render a debt downgrade out of the question. It's still quite possible that the debt will be downgraded from triple-A if the
Second-quarter earnings still a question mark
Goldman Sachs analyst William Tanona has reduced his second-quarter earnings estimates at Bear Stearns , Lehman Brothers and Morgan Stanley , notes the AP . For the second-quarter, the sources of reduced earnings growth likely will shift. The key contributors this time will not be
