Deutsche Bank beats expectations to post eighth straight quarter of profit

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuters Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceeded consensus expectations among … Read more

European markets head for mixed open ahead of Fed decision

LONDON — European markets are set to open in mixed territory on Wednesday as investors look ahead to the latest monetary policy decision from the US Federal Reserve. Britain’s FTSE is expected to open 16 points at 7,322, the German DAX is seen 47 points higher at 13,144, France’s CAC is expected to open 9 … Read more

Big week for earnings, monetary policy

LONDON — European markets are set to pull back on Monday as investors brace for a big week of corporate earnings and a key monetary policy decision from the US Federal Reserve. Britain’s FTSE 100 is seen around 29 points lower at 7,247, Germany’s DAX is expected to shed around 83 points to 13,171 and … Read more

JPMorgan Chase, Goldman Sachs, Conagra Brands and more

Pedestrians pass in front of a JPMorgan & Chase bank branch automated teller machine (ATM) kiosk in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares of JPMorgan Chase fell nearly 4% and hit a 52-week low after the bank reported … Read more

Family offices are a $6 trillion colossus in investing and deal-making

The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $ 6 trillion in wealth, according to some estimates, surpassing the estimated $ 4 … Read more

Euro continues to slide toward dollar parity — and could fall even further

A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $ 1.02 this week, continuing its slide to new 20-year lows and potential parity with the US dollar. The euro traded as low as $ … Read more

Analysts name picks on chip stocks, semiconductors

Chip stocks got pummeled late last week after Micron warned of waning demand. The semiconductor firm put out a significantly weaker-than-expected business outlook, raising concerns that the once red-hot industry is headed for a downcycle, amid broader fears of an economic downturn. If that comes to pass, it would be a far cry from the … Read more

Strategists on how to weather the market storm

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters The first half of 2022 was historically dismal for global stock markets, and strategists think there are dark clouds on the horizon and some way to go before the storm blows over. The S&P 500 … Read more

Wall Street global stock picks

It has been an unforgettable first half for investors – and not in a good way, as a brutal sell-off swept across global equity markets and brought major indices to new lows. The S&P 500 suffered its worst first half since 1970, while the Nasdaq Composite’s 28.9% decline for the first six months condemned the … Read more

Morgan Stanley, BofA stock picks for how to play a U.S. recession

A growing number on Wall Street are talking up the risk of a recession, with Goldman Sachs, Deutsche Bank and more all pointing to a higher probability of a downturn. “Economic data points indicate a higher probability of recession,” Morgan Stanley analysts said in a June 29 note. “Since the beginning of the year, we … Read more