James Gorman, President and CEO of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland, on January 22, 2020. Adam Galici | fake pictures Morgan Stanley released second-quarter results on Thursday that beat analyst estimates of stronger business revenue than expected. The bank …
Read More »Bank of America Earnings (BAC) Q2 2020
Bank of America released second-quarter earnings on Thursday that were bolstered by stronger-than-expected bond trading and investment banking revenues. The bank said it generated earnings of $ 3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected by analysts polled by Refinitiv. However, revenue of $ …
Read More »J&J Profits Drop 35% As Coronavirus Forces Hospitals To Give Up Elective Surgeries
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters Johnson & Johnson’s second-quarter earnings fell 35% from the same period last year, as the coronavirus pandemic forced hospitals to postpone elective surgeries, strongly impacting the company’s medical device business. J&J earned $ …
Read More »Treasury gives in to progress of coronavirus vaccine, economic data
US government debt prices were slightly higher on Thursday morning due to concern over rising coronavirus cases in the United States and tensions between the US and China dampened optimism stemming from of progress towards a vaccine. At around 2 am ET, the benchmark 10-year Treasury yield was 0.6250% lower …
Read More »European court rules Facebook vs Schrems case
A higher European court ruled Thursday that companies that transfer personal data of EU users to other jurisdictions will have to provide the same protections granted within the bloc. The ruling could affect how companies transfer data from European users to the United States and other countries, such as the …
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