SEC Gives Bond Dealers 3-Month Reprieve
The commission has delayed enforcement of amendments to a disclosure rule amid concerns over its potential impact on the bond markets.
Goldman Shares Surge on Big Earnings Beat
The bank's Q4 revenue of $8.08 billion was also above estimates but its bottom line was inflated by a $467 million tax benefit.
Market Volatility Reduces Citigroup Revenue
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
Revenue Drops 40% at Goldman’s FICC Unit
“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.
Citi Earnings Beat Estimates With 17% Gain
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
Fixed-Income Trading Boosts Goldman Results
“We've come out of a very low volume, low volatility environment over a number of years," CFO Harvey Schwartz says.
Morgan Stanley Profit Almost Doubles to $1.6B
The bank's fourth-quarter earnings reflect the more optimistic sentiment of investors since the election of Donald Trump.
Investment Returns Destined to Shrink
Annual returns on equity and fixed income investments will be dragged down by contracting margins and lower global GDP growth, says McKinsey.
Morgan Stanley’s Profit Dives on Weak Markets
First-quarter earnings beat analysts' estimates but the firm admits that "global uncertainties" continue to weigh on its investment businesses.
Lacking Investment Yields, AIG Zeroes in on Profits
AIG Commercial CEO Rob Schimek seeks a bigger bottom line in an era of low investment gains.
NYSE’s Owner to Pay $5B for Interactive Data
Data services is Intercontinental Exchange's fastest-growing business and the acquisition of Interactive Data will make it the No. 3 provider.