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In Warren Buffett’s annual letter he admits making this ‘big’ mistake

Berkshire Hathaway CEO Warren Buffett admitted to investors in his annual letter that a mistake he made led to an $11 billion loss in 2020, even as quarterly profits continued to rise......»»

Category: topSource: foxnewsFeb 27th, 2021

Warren Buffett"s Berkshire Hathaway sees profit rise 23%

Berkshire Hathaway Inc.'s fourth-quarter profits rose on the back of a soaring stock market......»»

Category: topSource: foxnewsFeb 27th, 2021

JPMorgan and Citi are using blockchain technology, and other banks are considering allowing clients to hold crypto in bank accounts, Bank of America research finds

BofA analysts found that 21%.....»»

Category: topSource: businessinsiderFeb 24th, 2021

Bitcoin jumps to a new high above $51,700, but JPMorgan says the cryptocurrency"s rise could be unsustainable

Bitcoin's market cap approached $1 trillion, but JPMorgan analysts said the rally looks unsustainable unless the token's volatility falls. Bitcoin's market cap approached $1 trillion after the late.....»»

Category: topSource: businessinsiderFeb 17th, 2021

With Complacency At 20 Year Highs, JPM Models Warn Of Imminent Correction

With Complacency At 20 Year Highs, JPM Models Warn Of Imminent Correction First it was Citi, then Goldman, then BofA, and now it is JPMorgan's.....»»

Category: blogSource: zerohedgeFeb 16th, 2021

JPMorgan and Morgan Stanley are eyeing bitcoin. Here are the big Wall Street names warming to cryptocurrencies

A JPMorgan boss said he's 'sure' demand for bitcoin will rise, while Morgan Stanley is reportedly weighing investing. A JPMo.....»»

Category: worldSource: nytFeb 15th, 2021

The clock is ticking for CEOs to grow profits again, as critics warn of stock bubble

Stock prices sometimes rise much faster than profits, particularly when interest rates are low. But stocks surged to records in 2020 even as profits plunged due to the pandemic. Cr.....»»

Category: topSource: chicagotribuneJan 21st, 2021

: Americans are more likely to go on shopping sprees when the stock market is rising — why that’s a bad thing

'A 10% rise in stock prices is associated with a rise in average spending of just under 1%,”'according to a report published by the JPMorgan Chase Institute......»»

Category: topSource: marketwatchJan 21st, 2021

Need to Know: These 2 triggers could bring the next round of market turbulence. Why Citi wants to buy the next dip

Markets are continuing their optimism for fiscal stimulus from President Joe Biden’s new administration, after the S&P 500 lifted 1.39% yesterday to a fresh high — the best Inauguration Day rise in 36 years......»»

Category: topSource: marketwatchJan 21st, 2021

MasTec long-term growth visibility continues to rise, says Citi

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 21st, 2021

JPMorgan downgrades Maxar, says take profits after 85% rally

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 21st, 2021

Biden"s rescue plan could boost 2021 GDP growth to 11.4%, JPMorgan"s global chief strategist says

JPMorgan had estimated before Biden announced his plan that nominal GDP was on track to rise by 6.....»»

Category: topSource: businessinsiderJan 19th, 2021

The Biden rescue plan could boost 2021 GDP growth to 11.4%, JPMorgan global chief strategist says

JPMorgan estimates that nominal GDP was on track to rise by 6.4% year-over-ye.....»»

Category: worldSource: nytJan 19th, 2021

JPMorgan, Citi to halt all PAC donations, WSJ reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 11th, 2021

Novartis sales, profits rise in first quarter on COVID-19 buying rush

Novartis saw first-quarter sales climb as hospitals and patients stocked up on drugs to avoid being left short during the coronavirus crisis, lifting profits for the Swiss drugmaker......»»

Category: topSource: reutersApr 28th, 2020

Citi"s trading windfall no match for surge in souring loans

Citigroup Inc.’s bond traders just posted their best quarter in eight years—a feat that was no match for the tidal wave of souring loans that walloped the bank’s profits. The deadly pandemic that... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

Citi profits shrank 46% last quarter as coronavirus weighed on operations

"Our earnings for the first quarter were significantly impacted by the COVID-19 pandemic," said Michael Corbat, Citigroup's CEO, in a press release......»»

Category: topSource: moneycentralApr 15th, 2020

Citi profits shrank 46% last quarter as coronavirus weighed on operations

"Our earnings for the first quarter were significantly impacted by the COVID-19 pandemic," said Michael Corbat, Citigroup's CEO, in a press release......»»

Category: topSource: moneycentralApr 15th, 2020

Boeing Tumbles After Customers Cancel Record 150 MAX Orders In March

Boeing Tumbles After Customers Cancel Record 150 MAX Orders In March In case stocks needed another reason to soar higher with 20% unemployment, 30% mortgage defaults, GDP about to print at -40%, cratering corporate profits, JPMorgan profit .....»»

Category: blogSource: zerohedgeApr 14th, 2020

Health crisis slams profits at JPMorgan, Wells Fargo

Quarterly prof.....»»

Category: videoSource: reutersApr 14th, 2020