Information

Home Information
  • Apr 15, 2025

Citigroup profit beats estimates as stock trading jumps 23%

Citigroup beat Wall Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity. The third-largest U.S. lender's earnings echoed those of Wall Street rivals, including JPMorgan Chase, Bank of America, and Morgan Stanley, whose results were also lifted by stronger equities trading. While industry profits rose, executives warned that U.S. tariff policies cast a shadow over the economic outlook.

  • Apr 15, 2025

Crypto Exchange Kraken Now Offers Stock and ETF Trading

- Crypto exchange Kraken has added 11,000+ U.S. stocks and ETFs to its platform. - The initial rollout covers select states with plans for national expansion. - The move positions Kraken to compete with traditional brokerages.

  • Apr 15, 2025

BofA stock surges after boosting profit on trading gains, interest income

(Reuters) -Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares more than 4%. "There is a lot to potentially change given the uncertainty around the tariffs and the policies on the future path of the economy," CEO Brian Moynihan told analysts on a call. Equities trading jumped 17% to a record $2.2 billion, while fixed income, currencies and commodities trading revenue jumped 5% to $3.5 billion, propelling its markets revenue to the highest in more than a decade.

  • Apr 15, 2025

Morning Bid: Fed gives market a breather

The combination of an electronics tariff reprieve and dovish noises from the Federal Reserve have created a semblance of calm in financial markets, though the lingering trade war uncertainty means the respite probably won't last long. * The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on national security grounds, Federal Register filings on Monday showed. * The dollar held steady on Tuesday, trading near a three-year low against the euro and a six-month trough against the yen, as investors trying to make sense of the constant changes to President Donald Trump's tariffs remained wary of U.S. assets.

Popular Post