BAC’s Global Markets segment, which provides a range of equity and debt-related services, performed well. Sales and Trading revenue rose 3% to $3.6bn while Equities revenue spiked 13% to $1.5bn. However, Fixed, Income, Currencies and Commodities revenue dropped 4% to $2.1bn. The overall report was mixed as BAC’s earnings per share of 70 cents beat…
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The reductions come at a time when tensions between ECB officials and the market are high. Investors, however, continue to predict rate cuts as soon as March/April this year; policymakers are opting for what they term a more realistic timeframe of mid-year. Market and authority attention will now be fixed on Chief Economist Philip Lane,…
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This Thursday, 11 January debut follows a day after the SEC approved direct investing in bitcoin. In total, the regulator approved 11 ETFs, steered by financial wealth managers such as BlackRock Inc. (BLK), Fidelity Investments (FBTC), and the Grayscale Bitcoin Trust (BTC). Bloomberg reports that approximately $4.6bn did the rounds after a fierce first day…
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According to Reuters, Chinese policymakers are relieved about the uptick in global trade as it could signal lower borrowing costs. Others, however, are quick to point out that the second-largest global economy still faces issues in its property market, overly careful consumers, and geopolitical hurdles that may hobble any gains. The year-on-year December comparison between…
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Dubbing its 2024 refresh “the New MultiBank Era”, the broker’s MultiBank-Plus Platform app’s most notable features include a swift account-opening process taking only three minutes, tools that help its users make better informed financial decisions, and an interface that works to a high quality on mobile devices. The app, currently available in Germany, the UK,…
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Bolstered by its acquisition of First Republic and better loan margins, predictions are that JPMorgan’s year-on-year bottom line will be 30% more. This means that the bank will outperform competitor Bank of America (BAC) by more than $20bn. Should these Bloomberg predictions be on target, JPMorgan will also more than double the annual net profits…
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This authorisation opens the doors for investing in the globally dominant cryptocurrency without having to own a single bitcoin. The approved filing contains ETFs from issuers such as BlackRock (BLK), ARK Invest (ARKK), VanEck, Fidelity, and Grayscale (GBTC), which received the go-ahead to uplist GBTC on the NYSE. Don’t miss out the latest news, subscribe…
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This acknowledgment comes amid a significant drop in Boeing's stock, with a decline of 8% on Monday and an additional 1.5% on Tuesday, raising concerns among investors about potential business repercussions. The incident forced an emergency landing shortly after takeoff from Portland, Oregon. In response, the Federal Aviation Administration (FAA) ordered the temporary grounding of…
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Reportedly, this breach ranks high, especially since financial markets are holding a collective breath in anticipation of this virtual currency ETF approval. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The Bitcoin price jumped by more than 2.5% as the post in question zipped its way through the internet highways. Gary Gensler, the…
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Questioning reporting on its debt and earnings before interest, taxes, depreciation and amortisation (EBITDA), Gotham alleges misrepresentations in this regard to reduce the Grifols leverage ratio. The hedge fund further stated that the actual leverage ratio is about 10 to 13 times the EBITDA, instead of the six times reflected in the Grifols financial reports.…
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