Latest Financial services News
A strong quarter for Wall Street lifts Goldman's first-quarter results
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year. The strong quarter comes after Goldman struggled most of 2023 as higher interest rates...
Goldman: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Goldman Sachs Group Inc. (GS) on Monday reported first-quarter net income of $4.13 billion. The New York-based company said it had earnings of $11.58 per share. The results topped Wall Street expectations. The average estimate of...
Faced with possibly paying for news, Google removes links to California news sites for some users
SACRAMENTO, Calif. (AP) — Google on Friday began removing California news websites from some people's search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google...
Hingham Savings: Q1 Earnings Snapshot
HINGHAM, Mass. (AP) — HINGHAM, Mass. (AP) — Hingham Institution for Savings (HIFS) on Friday reported net income of $6.9 million in its first quarter. The Hingham, Massachusetts-based bank said it had earnings of $3.13 per share. Earnings, adjusted for non-recurring gains, came...
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: JPMorgan Chase & Co., down $12.64 to $182.79. The bank gave investors a lower-than-expected forecast for its annual net interest income. Newmont Corp., down 43...
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
NEW YORK (AP) — Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. JPMorgan reported a modest 6% rise in profits...
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
LONDON (AP) — A review of the Bank of England's economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions. ...
Citigroup: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported first-quarter earnings of $3.37 billion. The bank, based in New York, said it had earnings of $1.58 per share. The results beat Wall Street expectations. The average estimate of seven analysts...
Stock market today: Asia stocks are mostly lower after Wall St rebound led by Big Tech
HONG KONG (AP) — Asia stocks were mostly lower on Friday after gains for Big Tech shares helped U.S. stock indexes claw back much of their slide from the day before. U.S. futures and oil prices were higher. In Tokyo, the Nikkei 225 index was up 0.4% at 39,609.60,...
As world's central banks wrestle with when to cut rates, Europe signals it's ready to move
FRANKFURT, Germany (AP) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business...
