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New strength signals from the US banking sector

The 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.

New strength signals from the US banking sector

Banker led a broad upswing on Wall Street

The 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.

Banker led a broad upswing on Wall Street

USA's banks are doing better than expected

The 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.

USA's banks are doing better than expected

Klarna wants to sell loan portfolio in the USA

The 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.

Klarna wants to sell loan portfolio in the USA

Hundreds of thousands of bank jobs are on their way to disappearing

Investments 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.

Hundreds of thousands of bank jobs are on their way to disappearing

Tough start to the stock market week

The Stockholm stock exchange's broad OMXS index began the trading week with a decline of 0. 4 percent, weighed down by falling prices among others in heat pump manufacturer Nibe and fashion giant H&M.

Tough start to the stock market week

Major Bank Triggered Market Fall – Fined by the Stock Exchange

On a May day in 2022, the major bank Citigroup triggered a larger stock market fall in both Sweden and Denmark and Finland. The owner of the Stockholm Stock Exchange, Nasdaq, is now fining the bank with six million kronor for inadequate controls in its trading, according to a press release.

Major Bank Triggered Market Fall – Fined by the Stock Exchange

Top Economist: Trump's Style Can Calm Conflicts

Donald Trump has promised quick peace in Ukraine if he wins the election in the USA. He will learn that it is complicated, but Trump's unconventional style could be an opening in several global conflicts, believes top economist Nathan Sheets.

Top Economist: Trump's Style Can Calm Conflicts

Gasoline price continues to fall – lowest in three years

The oil price continues to fall to levels not seen since 2021. For both central banks and consumers, it is welcome news.

Gasoline price continues to fall – lowest in three years

Mixed on the US stock exchange – banks weighed down

The leading indexes on the New York Stock Exchange went in different directions on Tuesday. The industrial-heavy Dow Jones index fell 0.

Mixed on the US stock exchange – banks weighed down

Small movements on Wall Street – Nvidia down again

The New York Stock Exchange's leading index moved only marginally on Wednesday, the day after the worst declines in a month. The broad S&P 500 fell 0.

Small movements on Wall Street – Nvidia down again

AI challenges Swedish major banks

Swedish major banks may be on the verge of losing their grip on the banking market in Sweden in the wave of AI investments and fintech challenges, warns Ronit Ghose, head of analysis at American Citi. Sweden no longer looks as favorable for banks to operate in as it was 10-20 years ago.

AI challenges Swedish major banks

JP Morgan's share is falling – despite record profit

Three major banks on Wall Street have kicked off the reporting season in the USA. JP Morgan Chase & Co is falling in futures trading after the bank's quarterly figures – despite a record-breaking profit.

JP Morgan's share is falling – despite record profit

The Market Relieved - Counts on French Compromise

The euro is strengthened slightly and risk premiums are dampened on French bond yields, while the Paris stock exchange turns upwards. The market is cautiously positive after the weekend's election in France.

The Market Relieved - Counts on French Compromise