Morgan Stanley Profit Falls, But Beats Wall Street Expectations
Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.
Investment banking
Citigroup Beats on Earnings, Revenue; Stock Rises
Citigroup beat analysts' estimates for first-quarter earnings and revenue, and the bank's stock rose in pre-market trading. Citi's investment banking business jumped.
Goldman Sachs's Great Muppet Caper Comes to an End, For Now
After Greg Smith quit Goldman Sachs in the most public fashion possible -- slamming his employer in the pages of The New York Times -- the firm launched an investigation into his most explosive charge: that employees referred to clients as "muppets" in internal emails.
JPMorgan Lost $6 Billion? Buy! Buy! Buy!
In May, JP Morgan Chase spooked investors with news that it had racked up $2 billion worth of losses on derivatives trades. Then last week we learned that the loses were much worse -- and the markets sighed with relief.
Why America Really Hates Goldman Sachs (Hint: It's Not About 'Muppets')
Last week's broadside from an ex-employee didn't help Goldman's image, but all the to-do ignored the public's real issue with the firm.
The Top 10 Growth Industries for 2011
After the long downturn, the coming year will be an opportunity for many industries to rejuvenate themselves. Independent researcher IBISWorld sorted through data on 711 U.S.-based industries to come up with these predictions of the 10 best.
Investment Banks Exploit Volcker Rule Loophole
Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of securities, companies and properties, which are considered longer-term investments.
JPMorgan Earnings Preview: Analysts Expect EPS to Rise
JPMorgan Chase kicks off earnings season for the financial sector Thursday, and investors will be keen to see whether a pick-up in mergers and acquisitions has offset an industry-wide drop-off in trading activity.
