Investment Banking Performance A key factor in Bank of America’s strong results was its better-than-expected investment banking performance. This segment’s success contributed significantly to the bank’s ability to surpass analyst…
Tag: trading the news
Building Permits and Starts Surpass Forecasts in June
Housing Starts Beat Expectations Housing starts in June also exceeded predictions, coming in at a seasonally adjusted annual rate of 1,353,000 compared to the forecast of 1.30 million. This marks…
France: Minority Government May Mitigate Risk of Fiscal Slippage, but Reforms Unlikely
Forming a Grand Coalition Would Test France’s Ability for Political Pragmatism Forming a government with an outright majority of 289 seats will require a grand coalition between the centrist presidential,…
Goldman Sachs Beats Q2 Estimates, Signaling Wall Street Rebound
Wall Street’s Comeback Kid Among the six largest U.S. banks, Goldman Sachs stands out due to its heavy reliance on investment banking and trading for revenue generation. The firm’s performance…