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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…

A decade since 2008 financial crisis, most Americans haven’t recovered

September 15, 2018, marked a decade since the fall of Lehman Brothers, triggering a nightmare that lasted over two years.…

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…

Wells Fargo stock rises after Q3 earnings

This quarter’s earnings season kicked off with the big banks reporting better-than-expected results today. One among them is Wells Fargo…

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…

PNC Financial sees a dip despite beating Q3 estimates

The PNC Financial Services Group Inc. (PNC) topped market estimates on revenues and earnings for the third quarter of 2018.…

Buoyed by retail banking, JPMorgan tames interest rate woes in Q3

An impressive performance by the commercial banking segment drove up banking giant JPMorgan’s (JPM) third-quarter earnings, which also came in…

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…