 | | | | Bank of America Corp's (BAC.N) second-quarter earnings nearly tripled as it released loss reserves it had set aside last year, but its mainstay lending business took a hit from low interest rates put in place to revive a pandemic-hit economy. | | | | | | BlackRock Inc (BLK.N), the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, driving robust fee growth and boosting its assets under management to a record high. | | | | | | Investec (INVP.L), (INLJ.J) said on Wednesday it was launching its first day-to-day business banking account, in a push to attract customers among South Africa's more than 100,000 mid-sized firms. | | | | | | Sumitomo Mitsui Financial Group Inc (8316.T) plans to buy nearly 5% of Jefferies Financial Group Inc (JEF.N) shares for $386 million, the U.S.-based company said on Wednesday, as the Japanese firm looks to boost its presence in the United States. | | | | | | JPMorgan Chase & Co (JPM.N) second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned on Tuesday that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading. | | | | | | Goldman Sachs Group Inc (GS.N)executives said a record backlog of deals will help drive profits for the rest of the year after the bank smashed second-quarter estimates. | | | | | | The U.S. securities regulator has ramped-up its inquiry on Wall Street's blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters. | | | | | | Investors jumped off the reflation trade train, cut inflation expectations and rushed back to technology stocks on signs that global economies were in either mid- or late cycle, BofA's July fund manager survey showed on Tuesday. | | | | | | Goldman Sachs Group Inc (GS.N) reported a surge in second-quarter profit on Tuesday as Wall Street's biggest investment bank cashed in on record global dealmaking activity. | | | | | | JPMorgan Chase & Co (JPM.N) reported a big jump in second-quarter earnings on Tuesday as the largest U.S. bank gained from a surge in dealmaking and released more reserves it had set aside last year for potential pandemic-related loan defaults. | | | | | | |
