Wall Street set to open flat as big bank results fail to cheer
(Reuters) – Wall Street was set for a flat open on Tuesday as upbeat earnings from big investment banks Goldman Sachs and Morgan Stanley failed to fuel the optimism that has led the major indexes to record highs.
Earnings and commodities keep stocks bulls happy
LONDON (Reuters) – World stocks stayed near record highs on Tuesday, as a flurry of U.S. earnings and a rally in commodity markets helped underpin one of the most durable bull runs of recent history.
Goldman results top Wall Street view on smaller drop in bond trading
(Reuters) – Goldman Sachs Group Inc beat Wall Street estimates on a smaller-than-expected revenue decline at its struggling bond trading unit, gains in its private equity investments and higher fees from dealmaking.
Strong drug sales, Actelion buy power J&J’s profit beat
(Reuters) – Johnson & Johnson reported a higher-than-expected quarterly profit and raised its full-year forecast, driven by strong demand for its new cancer drugs and gains from its acquisition of Swiss biotech Actelion.
Morgan Stanley smashes estimates on strength in wealth management
(Reuters) – Morgan Stanley posted a much higher-than-expected quarterly profit on Tuesday as record revenue from its wealth management business helped offset the blow from a slump in trading activity.
Goldman Sachs quarterly bond trading revenue drops 26 percent
(Reuters) – Goldman Sachs Group Inc reported a decline in quarterly profit, as gains in investment banking were offset by a 26 percent drop in fixed-income trading revenue.
Futures flat as investors assess earnings from big names
(Reuters) – U.S. stock index futures were steady on Tuesday as investors assessed earnings reports from big corporates, including investment bank Morgan Stanley and healthcare major Johnson & Johnson.
Volvo unveils first Polestar model, part of green car push in China
SHANGHAI (Reuters) – Volvo Cars and its Chinese parent unveiled their first Polestar model and plans to invest 5 billion yuan ($760 million) in the electric vehicle brand, gearing up for intense competition to sell green cars in the world’s biggest aut…
Morgan Stanley’s profit rises despite trading slump
(Reuters) – Morgan Stanley posted an 11 percent rise in quarterly profit as strength in investment banking and wealth management businesses more than offset a slowdown in trading.
J&J reports 11.9 percent fall in quarterly profit
(Reuters) – Johnson & Johnson , which completed its $30 billion acquisition of Swiss biotech Actelion in June, reported a 11.9 percent fall in quarterly profit as costs rose.
