earnings news from FierceFinance
NewsCDS market: Risk concerns mounting
Is anyone really afraid of another Bear Stearns? I don't think we'll get another rumor-driven failure. The Fed's new facilities make that Read more...
Lehman Brothers: How bad will it get?
Lehman Brothers may not be facing a Bear Stearns-like insta-implosion, but it's staring at a long, drawn out demise that may prove just as Read more...
Tough year for activist hedge funds; Icahn struggling
We've noted that activist hedge fund managers are struggling this year. The best example is Carl Icahn. The New York Post reports his hedge funds are suffering their first losses since starting up in Read more...
Bad bank news is all relative
When is bad news really good news? When the bad news is not nearly as bad as expected, notes the New York Times. You could almost feel the relief wash over the markets as many top banks (excepting Read more...
Washington Mutual lays an egg
Things were looking good for much of the commercial bank sector this week. The upside surprises from the likes of Citigroup, Bank of Read more...
Merrill Lynch was serious about BlackRock sale
The Financial Times reports that Merrill Lynch was serious about selling its 49 percent stake in BlackRock back to the asset manager, revealing that Merrill CEO John Thain and BlackRock CEO Larry Read more...
Bank of America: Another upside surprise
Bank of America joined Wells Fargo, Citigroup and a handful of other bank that reported better than expected earnings for the second quarter. It posted a gain of 72 Read more...
Another upside surprise: Citigroup beats expectations
Citigroup reported a loss of 54 cents for the April-to-June quarter, which was not as bad as the 66 cents analysts were expecting. The loss reflects $7.2 billion in Read more...
Merrill Lynch's earnings in the spotlight
Bank earnings for the second quarter have been surprisingly strong, so far. Of course, expectations were really, really low, which helped JPMorgan Chase handily top Read more...
| Press ReleasesBear Stearns Reports Third Quarter Financial ResultsThursday September 20, 8:28 am ET Equity Franchise Delivers Strong Quarterly Performance Institutional Equities Net Revenues Up 53% Record Global Clearing Net Revenues Up 30% Private Client Services Read more... Goldman Sachs Reports Third Quarter Earnings Per Common Share of $6.13Thursday September 20, 8:00 am ET Net Revenues Were $12.3 Billion, Second Highest Quarter NEW YORK--(BUSINESS WIRE)--The Goldman Sachs Group, Inc. (NYSE: GS - News) today reported net revenues of Read more... LEHMAN BROTHERS REPORTS THIRD QUARTER RESULTS For Immediate Release Media Contact: Hannah Burns 212-526-4064 Investor Contact: Shaun Butler 212-526-8381 - Reports Net Income of $887 Million and Net Revenues of $4.3 Billion - NEW YORK– Read more... |