Month: October 2018
Bank of America to benefit from lower expenses, trading recovery in Q3
The banking sector is currently going through a challenging phase, marked by rising interest rates and tariff-related headwinds. When Bank…
Facebook and Google: Profit-making at the cost of accountability?
Two companies have been making news this year on the sensitive issue of privacy. Leading technology firms Facebook (FB) and…
Automakers on alert as China’s car market hits a bumpy road
The growth of China’s automobile industry has been in tandem with the country’s booming economy, outperforming its global peers to…
First Republic Bank Q3 profit rises 6.8%, but misses estimates
First Republic Bank (FRC) reported a 6.8% rise in earnings for the third quarter helped by higher average earning assets…
Citigroup posts mixed results in Q3, shares up 2%
The third largest US bank, Citigroup (C) reported third-quarter earnings that surpassed Wall Street estimates. The company reported earnings of…
eBay stock plunges to yearly low on competition worries
eBay Inc. (EBAY) stock hit the yearly low of $30.75 on Thursday as the online retail company is struggling against…