Tag:
quarter earnings
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
Big job losses coming in New York
Since January 2008, the securities industry in New York has nixed 22,000 jobs. While the employment situation seemed to improve a bit last year, the woes of Wall Street this year are once again sinking the jobs count.
The New York state comptroller, which keeps a close eye on the industry's em
Third quarter earnings reports on deck
The third quarter earnings reporting season is about to begin, and most analysts have already pared their expectations; some have done so multiple times.
At the end of June, analysts were predicting aggregate bank profits would rise 15.6 percent. That growth rate prediction has been pared to 2
Correlation soars, an opportunity to profit?
Since the U.S. debt downgrade and the re-ignition of the European debt crisis, correlation has kicked up impressively, if not predictably. The Financial Times notes that the correlation among big company stock movements have moved to highest levels since the big crash of 1987. The correlation
Bonus pool plunges at Goldman Sachs, what to do?
Fresh off a very lucrative year that saw its bonus pool recover, Goldman Sachs employees are looking at smaller checks this year. Barring a massive unforeseen pickup in trading activity, Goldman's third quarter earnings will likely be weak--as will the full year. Assuming the compensation to reven
What to make of Goldman Sachs' earnings?
Wow! The hype about Goldman Sachs' ( GS ) third-quarter earnings is really strong. One news article referred to the firm as the one "considered the most profitable in Wall Street history." Wall Street history? Not sure what the methodology behind that was, but that's a strong assertion. Still, t
Whitney goes neutral on Goldman Sachs
The earnings dates for some big banks are drawing near. For some analysts, now is a good time to start covering your butts. Meredith Whitney has taken the moment to downgrade Goldman Sachs' ( GS ) stock to neutral from buy. Given the nerves right now, the stock sold off a bit. The move seems to
Goldman Sachs, where's the disclosure?
Goldman Sachs sparked a lot of talk with its strong first-quarter earnings. While shareholders were heartened by the big upside surprise, others focused on the big December loss. Business Week raises another issue: "Even more significant may be Goldman's failure to publish a 'financial supplem
A big first-quarter earnings surprise for banks
Big TARP banks have been in rally mode as of late, as the CEOs of Citigroup and Bank of America raised hope that the banks would soon return to profitability. How likely is it that we'll see some actual profits in the first quarter? The chances are reasonably good, according to TheStreet.com .
Tough transition ahead for Citi
Out of the frying pan and into the fire? It may seem that way to Citi. The company's third-quarter earnings were abysmal; the $2.8 billion loss marked its fourth-straight losing quarter. Investment banking losses stemmed, once again, from writedowns: $5.2 billion for mortgage-related securities (l
