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Bank of America profit tops estimates

7 monthes ago   |   By New York Post

Bank of America reported better-than-expected fourth-quarter profit as higher interest income and loan growth eclipsed declines in revenue from investment banking and bond trading, sending its shares up 3 percent. The second-biggest US lender's results were underpinned by the central bank's four rate hikes in 2018 and a strong job market that kept bad loans...
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Goldman Sachs shares boosted on higher Q4 trading revenue

Goldman Sachs shares boosted on higher Q4 trading revenue

7 monthes ago   |   By New York Post

Goldman Sachs topped analysts' revenue estimates on Wednesday as stronger equities trading revenue cushioned bond trading losses, making it the only Wall Street bank so far to show growth in fourth-quarter trading revenue. By contrast, the trading units at JPMorgan Chase and Citigroup took a beating in the fourth quarter, as sharp losses in bond...
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Goldman's revenue beat powered by M&A bankers, equity traders

Goldman's revenue beat powered by M&A bankers, equity traders

7 monthes ago   |   By Reuters

Goldman Sachs topped analysts' revenue estimates on Wednesday as strength in its equities desk and M&A advisory cushioned losses from bond trading, making it the only Wall Street bank so far to show growth in fourth-quarter trading revenue.
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Goldman Sachs jumps after strong equities trading boosts revenue

Goldman Sachs jumps after strong equities trading boosts revenue

7 monthes ago   |   By Business Insider

Goldman Sachs posted better-than-expected revenue in the fourth quarter.
The top-line beat was driven by strong equities trading, which more than offsets its weak bond trading.
Its bottom line had monster growth from a year, when the bank took a massive write-down due to the enactment of the new tax code.
Watch Goldman Sachs trade live.
Goldman Sachs was rallying early Wednesday, up 2.61% to $184.60 a share, after posting strong equities-trading revenue in the fourth quarter.
The bank took in $8.1 billion in revenue, down 1% from last year, while beating Wall Street consensus of $7.5...
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