Us News U S Banks Beat Profit Estimates On Economic Rebound Deals Bonanza Reuters

Goldman's profit beats estimates as dealmaking rebound boosts investment banking

Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets. Read More

Bank of America beats profit estimates on dealmaking strength, upgrades NII forecast

Bank of America beat Wall Street estimates for profit, benefiting from bumper third-quarter investment banking, and upgraded its outlook for net interest income, sending its shares up 5% in early ... Read More

Morgan Stanley profit beats estimates on dealmaking boost, shares soar

Morgan Stanley's profit beat estimates in the third quarter as a surge in dealmaking drove revenue to records, and the company's finance chief said its investment banking pipeline is at "all-time ... Read More

JPMorgan lifts interest income forecast after profit beats estimates

JPMorgan Chase's profit rose in the third quarter, fueled by multi-billion dollar deals and IPOs that boosted its investment bank, along with stronger trading performance. Read More

Strong U.S. Economy Powers Bank of America Profit Higher

Bank of America reported third-quarter earnings and revenue that bested analysts’ expectations, thanks to healthy consumer activity and a busy summer in its investment banking division. Profit rose 23 ... Read More

Jefferies' quarterly profit beats estimate as dealmaking rebound drives record advisory fees

(Reuters) -Jefferies beat third-quarter profit estimates on Monday, as a rebound in dealmaking pushed advisory fees to a record, giving investors an early read on how Wall Street's investment-banking ... Read More

The Nation’s Biggest Banks Are Saying the Economy Is Still Strong

A boom in dealmaking and higher spending point to a healthy economy, while bears are watching frothy stock prices and a weakening job market. Read More

AMERICAS AI fizzes and banks are buoyant

After Dutch chip equipment giant ASML's beat on Wednesday, Taiwan's TSMC forecast fourth-quarter revenue up by as much as 24% on Thursday and said "the AI megatrend is strengthening". Read More

U.S. economy's rebound sets up test of Fed's new pledge

The stronger-than-expected U.S. economic rebound from coronavirus lows could set up an early test for the Federal Reserve's new pledge to keep interest rates near zero and its increased tolerance for ... Read More