Citigroup’s Profit Rises on Revenue From Trading, Investment Bank

The bank reported a second-quarter profit of $4.02 billion, or $1.96 a share, compared with $3.22 billion, or $1.52 a share, in the year-ago period. Analysts polled by FactSet expected $1.61 per share in earnings.

Morgan Stanley beats Q2 forecasts, investment banking performance drags

However, a weaker performance in investment banking and a sharp rise in credit provisions weighed on investor sentiment, sending shares lower. The bank posted net revenue of $16.8bn, up nearly 12% from $15bn a year earlier and ahead of analysts’...

The return of the property investor - but why?

Photo: RNZ Investors seem to be returning to the property market - but why? Cotality has released its latest property data, which shows that while first-home buyers remain a strong presence in the market, investor activity is picking up. Mortgaged...

“Resilient” Consumers Lift Bank of America, But Investment Banking Slows

The bank fell short of revenue estimates. Bank of America (NYSE:BAC) had mixed results in the second quarter, beating earnings estimates but falling a bit short of revenue expectations. The stock price was trading slightly higher as the market...

Edinburgh Tops UK Property Investment Rankings for 2025

According to the latest multi-factor scientific analysis, Edinburgh has emerged as the best UK city for property investment this year, scoring 6.27 out of 10 across 13 critical factors. But it's not just Scotland's capital that's making waves –...

Trading, investment banking power beat at Goldman Sachs

UPDATE: This story now includes commentary from Goldman's earnings call as well as commentary from analysts. Tariff-induced economic uncertainty appears to have put plenty of wind in Goldman Sachs' sails, as the New York-based investment banking...

Morgan Stanley shares fall despite earnings beat, as investment banking revenue shrinks

ARK Invest Sells $8.7 Million Worth of Bitcoin ETF Shares Taking Profits

In brief ARK Invest sold $8.7 million worth of its own spot Bitcoin ETF and $13.3 million in Coinbase shares on Tuesday. The move came after Bitcoin briefly surged past $123,000 and COIN hit a record, pushing its market cap above $100 billion. ARK...

Renewable energy push sees NTPC get nod to invest Rs 20k crore in green arms

The Cabinet has approved significant green energy investments, raising NTPC's limit to Rs 20,000 crore and allowing NLC India to invest Rs 7,000 crore. These decisions aim to boost renewable energy capacity, with NTPC targeting 60GW by 2032. India...

Morgan Stanley profit beats estimates as traders shine, but investment banking revenue falls

By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley's profit beat Wall Street estimates in the second quarter as its traders cashed in on volatile markets, mirroring results among its Wall Street rivals. Equities trading revenue surged...

JPMorgan, Citi, Wells Fargo exceed investment banking forecasts; Barclays fined £42mn for financial crime risk failures

Major US banks reported stronger-than-expected investment banking revenues in the second quarter on Tuesday, offering a cautiously optimistic outlook for a sustained rebound in deal activity as the sector showed signs of recovery. JPMorgan...

Goldman Sachs Q2 earnings beat fueled by interest income, investment banking fees, equities gains

Michael M. SantiagoGoldman Sachs (NYSE:GS) Q2 earnings and revenue easily beat the average analyst estimates on Wednesday on the back of a strong increase in net interest income and solid gains in investment banking fees and equities revenue. Q2...

Invest 93L spaghetti models, timeline and landfall

Invest 93L is currently making its way through the Gulf near the Florida Panhandle. The National Hurricane Center says the disturbance has a 40% chance of becoming a tropical depression. Landfall is expected along the eastern Louisiana coast...

Earnings Snapshot: Morgan Stanley beats Q2 estimates; investment banking revenues down 5%

Namib Minerals to invest $300m to restart two gold mines in Zimbabwe

Namib Minerals has announced plans to invest $300m for restarting operations at two of its gold mines in Zimbabwe, as reported by Reuters, citing the company’s chief executive, Ibrahima Tall. The company is looking to capitalise on the favourable...

Is this the Best Time to Invest in Nike (NKE)?

Oakmark Funds, advised by Harris Associates, released its “Oakmark Equity and Income Fund” Q2 2025 investor letter. A copy of the letter can be downloaded here. The equity portfolio returned 4.67% in the second quarter compared to 10.94% for the...

French investment bank Natixis among the latest to expand in Japan

TOKYO -- France's Natixis Corporate and Investment Banking aims to rack up energy transition and digital transformation deals in Japan through this month's opening of a Tokyo banking branch as well as a series of yen bond issuances over the last...

Heavy rain moving across the Northern Gulf Coast as Invest 93L moves west

Invest 93L will move west through the end of the week bringing heavy tropical rains to the Northern Gulf Coast. Our Northwest Florida/Southwest Alabama area could see anywhere from 1-4" of rain with the heavy rain. This could lead to some...

China’s Minth to invest €870 million in EV parts factory in Inđija

Chinese company Minth Holding is set to build a factory for the production of electric vehicle components in Inđija, with an investment worth €870 million. The project is expected to create 2,200 jobs. The Inđija Municipal Assembly has adopted a...

'Invest in the water companies that keep the global economy going'

Water and waste management are fundamental to the smooth functioning of any economy, yet these sectors are often overlooked in investment portfolios. The water value chain includes companies involved in pumps and valves; water filtration and...