Investment bank Morgan Stanley reports $6.3 billion in revenue from equity trading in the second quarter. This is a new record and can be compared with an average forecast of $4.5 billion among analysts.
BusinessVolkswagen's plan to close four factories and cut 100,000 jobs - not yet approved by the board of directors - is just one of several expected cuts in Germany's giant car industry. BMW and Mercedes-Benz, as well as several major German suppliers, are on the same track.
BusinessInvestments in the nuclear weapons industry are growing, a report by the organizations Pax and ICAN shows. "This is the most dangerous time in my lifetime when it comes to nuclear weapons and the risk of their use," ICAN's program director Susi Snyder told TT.
BusinessThere is full focus on President Donald Trump and on how the war with Iran is unfolding ahead of listed companies' first-quarter reports. That is all the market is looking at. That is the only thing right now, says Lars Söderfjell, head of equities at the Bank of Åland.
BusinessIran's military has announced that banks and financial institutions in the Middle East are now being targeted. People are being urged to stay away from banks, and several companies are closing their offices in Dubai's financial district.
WorldDeclines in bank and IT giant stocks led the New York Stock Exchange's leading index to fall on Wednesday.
BusinessThe major bank, Bank of America, reports stronger-than-expected results for the fourth quarter of 2025. Both interest income and trading income beat expectations.
BusinessThe broad OMXS index on the Stockholm Stock Exchange fell 0.1 percent on Wednesday, while gold and silver prices rose to record levels.
BusinessThe major American bank JPMorgan Chase & Co. reported $46.7 billion in revenue in the fourth quarter of last year, according to financial statements. This was marginally more than the average forecast of $46.4 billion.
BusinessCredit card companies and banks tumbled on the New York Stock Exchange on the first trading day of the week. Wall Street's leading index rose marginally.
BusinessBanks that are big in credit cards are being squeezed lower in futures trading ahead of this week's Wall Street trading. Heavyweights like Capital One, JPMorgan Chase and Citigroup are down 4% to 10%, while buy-now-pay-later companies like Klarna and Affirm are up significantly.
BusinessThe Stockholm Stock Exchange ended the third trading day of the year at record highs, with substantial gains among several major companies. The OMXS rose 2.3 percent.
BusinessThe Stockholm Stock Exchange started Thursday's trading slightly lower but regained its courage and turned around. At closing, the broad OMXS index had risen 0.6 percent after a strong afternoon.
BusinessThe Stockholm Stock Exchange ended the trading week slightly higher, led by truck manufacturer Volvo. The broad OMXS index rose 0.3 percent.
BusinessThe Stockholm Stock Exchange rose broadly on Monday after the announcement from the US that the government shutdown appears to be coming to an end. 25 of 30 heavyweight stocks closed in the red.
BusinessThe American major banks JP Morgan, Goldman Sachs and Wells Fargo all report a result above expectations for the third quarter.
BusinessThe Stockholm stock exchange fell in afternoon trading on Tuesday and the broad OMXS index closed at minus 0,9 percent. Against the trend went clothing giant H&M, which rose 2,1 percent.
BusinessThe reporting season on Wall Street has started in earnest. And it begins with a thumbs up in the trade on the New York Stock Exchange after an unexpectedly strong report from the American major bank JP Morgan Chase & Co – but downwards for the competitor Wells Fargo.
BusinessThe American major banks Bank of America and Morgan Stanley both report unexpectedly strong results for the fourth quarter of 2024. On Wall Street, it's thumbs up.
BusinessThe courses on the New York stock exchanges rose on a broad front on Wednesday. Behind the investors' good mood lay partly a positive inflation report, partly unexpectedly strong financial reports from some of the USA's largest banks.
BusinessThe reporting season in the USA has begun with a series of strong financial reports from the major banks on Wall Street. Both JP Morgan Chase and Goldman Sachs are reporting significantly better results than expected and are getting the thumbs up in the futures market in New York.
BusinessThe payment service Klarna is trying to sell a large portion of its loan portfolio in the USA, reports the newspaper Financial Times, citing three anonymous sources. The purpose is to free up capital ahead of a stock exchange listing in New York.
BusinessInvestments in artificial intelligence (AI) will lead to up to 200,000 jobs disappearing in the global banking industry over the next three to five years, according to a report from Bloomberg Intelligence. More clinking in the cash register for the banks is an effect.
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