Tag: goldmansachs
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JPMorgan, Citi and Wells earnings to unleash borrowing blitz by banks
[ad_1] Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America’s top lenders. JPMorgan Chase & Co. JPM, +0.60%, Citigroup Inc. C, -4.05% and Wells Fargo & Co. WFC, -0.34% all are due to report financial results for the quarter Friday,…
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Goldman Sachs’s stock loses ground as profit tops target but revenue falls short on loan-portfolio adjustment for Marcus unit
[ad_1] Goldman Sachs Group Inc.’s stock lost ground in premarket trades after the investment bank’s first-quarter revenue fell short of the consensus estimate, while net income beat the Wall Street forecast. The company’s latest revenue figure included a previously undisclosed loss of about $470 million from the partial sale of the loan portfolio of its…