Loan growth stalls despite profit, trading gains at some U.S. banks
NEW YORK (Reuters) – Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still healthy demand from borrowers and no reason to worry about the state of the economy….
Wells Fargo’s profit flat as costs, mortgages weigh
(Reuters) – Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank.
U.S. producer prices post first drop in seven months
WASHINGTON (Reuters) – U.S. producer prices fell in March for the first time in seven months, weighed down by a drop in the cost of services and energy products, but the
U.S. labor market tightening, inflation trending higher
WASHINGTON (Reuters) – The number of Americans filing for unemployment aid unexpectedly fell last week and consumer sentiment rose early this month amid continued optimism over household finances, suggesting a sharp slowdown in job growth in March was …
Citi profit beats estimates as fixed-income trading jumps
(Reuters) – Citigroup Inc reported a higher-than-expected quarterly profit as the bank’s fixed-income trading was boosted by clients adjusting their positions following rate hikes by the Federal Reserve and changes in the forex and credit markets.
JPMorgan profit tops analyst expectations on trading surge
(Reuters) – JPMorgan Chase & Co reported a 17 percent jump in quarterly profit on Thursday, topping analyst expectations as higher interest rates fueled trading activity and helped the largest U.S. bank earn more from lending.
Wall Street falls as banks weigh after earnings
NEW YORK (Reuters) – Major U.S. stock indexes fell on Thursday for a third straight day as investors weighed earnings reports from big U.S. banks and geopolitical tensions, while the tech sector fell for a tenth consecutive session.
Boardroom excess? British companies stick with bonus plans despite criticism
LONDON (Reuters) – Pressure on British companies to ditch a common performance-related bonus scheme blamed for generating excessive executive pay has not stopped many firms from planning to stick with such schemes for another three years, a Reuters ana…
Japan’s Nomura targets younger generation as demographic crunch looms
TOKYO (Reuters) – Japan’s Nomura Holdings Inc aims to leverage its access to about 1.6 million members of employee stock ownership plans to tap a new generation of customers as its client base grays.
As Samsung’s profit surges, some investors worry about peaking growth
SEOUL (Reuters) – Even as Samsung Electronics Co Ltd is poised to deliver a surge in earnings to an all-time high this year, some investors are already starting to fret the tech giant will soon become a victim of its own success.
