Tag: JPMorgan

Goldman shares fall on Q4 profits announcement

Goldman shares fall on Q4 profits announcement

US banking giant Goldman Sachs has today reported a $2.39 billion (£1.49 billion) profit for the fourth quarter, 53% lower compared with a year ago. However, the figures were roughly in line with expectations but shares still fell 3.1% to $169.22 in pre-market trading. The fourth quarter figures come at the end of a difficult [...]

January 19, 2011 | 0 Comments More
Citigroup shares fall on Q4 profits announcement

Citigroup shares fall on Q4 profits announcement

US banking giant Citigroup has today reported a $1.3 billion (£811 million) profit for the fourth quarter of 2010, against a loss of $7.6 billion loss a year earlier. Meanwhile, revenue surged to $18.4 billion, from $5.4 billion in the same period a year ago but were 11% lower compared with the third quarter. However, [...]

January 18, 2011 | 0 Comments More
JPMorgan reports 47% rise in earnings

JPMorgan reports 47% rise in earnings

The reporting season for US banks has got off to a flying start after JPMorgan announced income surged 47% in the fourth quarter. Fourth-quarter profit increased to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, compared with the year ago period. Analysts expected $1 a share. Meanwhile, revenue grew [...]

January 16, 2011 | 0 Comments More
Goldman Sachs announce fall in Q3 profits

Goldman Sachs announce fall in Q3 profits

Banking giant Goldman Sachs today reported a fall in third quarter profits to $1.9 billion, or $2.98 per share, compared with $3.19 billion, or $5.25 per share, a year earlier. However, despite the fall, the results still beat expectations of $2.32 per share. The New York-based financial institution said net revenues for the quarter was [...]

October 19, 2010 | 0 Comments More
BoA and Citigroup shares fall on results

BoA and Citigroup shares fall on results

Shares in US banking giants, Bank of America (BoA) and Citigroup, fell on Friday after both banks reported their second quarter profits. Firstly, Bank of America said net income fell to $3.1 billion in the second quarter from $3.2 billion in the same period a year earlier, while revenue was down 11% to $29.15 billion [...]

July 18, 2010 | 0 Comments More
JPMorgan reveals £1bn deal to buy Cazenove

JPMorgan reveals £1bn deal to buy Cazenove

US investment bank JPMorgan is to fully buy Cazenove, the UK broker, in a £1 billion ($1.7 billion) deal. The deal comes as JPMorgan bought half of Cazenove in 2004 ago and created the JPMorgan Cazenove joint venture. It paid £700 million for the 50% stake. Under the original terms set five years ago, the [...]

November 19, 2009 | 0 Comments More