Morgan Stanley beat earnings estimates as stock trading, investment banking top expectations

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 … Read more

JPMorgan strategist says now could be the best time to buy Asia stocks

SINGAPORE — The best time to buy Asia stocks could be now, a JPMorgan strategist said Wednesday. Mixo Das, Asia equity strategist at the bank, said U.S. markets have been hitting record levels while Europe and Japan are approaching their all-time highs. However, Asian markets have not seen the same trend. “Ever since the highs … Read more

Goldman CEO David Solomon says China’s crackdown on tech companies will delay many U.S. listings

David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology … Read more

Jim Cramer says stock futures mislead investors, create buying opportunities

CNBC’s Jim Cramer rendered stock futures to be a worthless tool to gauge the temperature of the market after stock indexes finished at records on Monday. “When you wake up at 4 a.m., you’ll learn a ton amount the market. I encourage you to try it if you want to see how stocks are setting … Read more

Stock futures mostly flat ahead of bank earnings

The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off Tuesday. The Dow Jones Industrial Average futures fell 10 points, … Read more

Stock futures open mostly flat ahead of the kickoff of earnings season

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed … Read more

Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research

It’s the countdown to the second-quarter earnings season. The big banks dominate the calendar in coming days, with JPMorgan, Goldman Sachs, Citigroup and Bank of America all reporting on their recent quarter. Sam Stovall, chief investment strategist at CFRA Research, said investors should brace themselves — this one will be a doozy. “I think what … Read more

News organizations are taking different approaches to how often employees will come back to the office

People walk past the New York Times building on October 14, 2019 in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis | Getty Images For about 16 months, the U.S. and U.K. news industries have predominantly operated out of people’s living rooms, home offices and bedrooms. Now, they’re deciding what post-pandemic life … Read more