investment banks

US Court Revives Mortgage Debt Class-Action vs. Goldman

Thursday's decision by the 2nd U.S. Circuit Court of Appeals in New York could subject banks to a wider array of claims by mortgage securities investors, by letting them sue over securities in which they did not specifically invest themselves.

Inside JPMorgan Chase's Earnings

JPMorgan Chase reported a second-quarter profit of $5.4 billion, or $1.27 per share this morning, up from $4.8 billion, or $1.09 per share a year ago. Digging into the earnings supplemental, we can see how -- as in previous quarters -- JPMorgan's investment bank carried the company's overall results.

U.K. Banks Face Government Levy

Five U.K. banks may have to pay hundreds of millions of pounds in a levy that aims to charge them for the risks they pose to the country%u2019s economy. The planned bank levy will raise a total of 2.5 billion pounds ($3.59 billion) a year from 2012 onwards, The Wall Street Journal said.

Morgan Stanley to Sell Its Invesco Stake

Morgan Stanley said it is divesting its 6.7% stake in investment manager Invesco. The investment bank will sell the 30.9 million shares it received as part of the sale of its Van Kampen mutual fund portfolio to Invesco, a stake worth nearly $717 million at Tuesday's closing price of $23.20.

Goldman Sachs Earnings: Expect Lower Profits

Goldman Sachs is expected to report a sharp drop in third-quarter earnings before Tuesday's opening bell, due to a decline in trading activity in a market that's been light on volume and volatility for months. Goldman is forecast to report adjusted earnings of $2.28 a share.

Bank of America Reportedly Planning Layoffs

Bank of America (BAC) is laying off as many as 400 people as revenue from trading and advising clients falls. Bank of America, the country%u2019s largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources.

Morgan Stanley Shares Jump on Solid Earnings Report

Morgan Stanley's second-quarter earnings easily topped Wall Street's expectations as the investment bank swung to a profit from a year-ago loss on sharply higher revenue. Adjusted earnings were 80 cents per share, versus the 46-cent estimate.

Goldman CEO Gets $9 Million Bonus

Goldman Sachs Group (GS) CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears...

Earnings Preview: BofA, Wells and Morgan Stanley

Bank of America and Well Fargo are expected to post losses while Morgan Stanley is seen reporting a profit on Wednesday. Less certain is what the newly minted CEOs at BofA and Morgan Stanley are going to tell investors about vision and strategy.