In a preview of other investment banks, Jefferies reported solid results with one notable exception.
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Bank Earnings to Put U.S. Economy Under Microscope
America’s biggest lenders expect fourth-quarter profit of $28 billion, down 15% from a year earlier.
Morgan Stanley CEO Contender Jonathan Pruzan to Retire
The departure of Jonathan Pruson has cut short the race to be the successor to the…
Wall Street’s Bankers Brace for Big Pay Cuts, but Bosses Don’t Want Whining
Big Wall Street banks are sharply cutting bonus pools—including cuts of up to 40% goldman sachs…
Morgan Stanley Profit Falls 29%
Morgan Stanley said Thursday its second-quarter profit fell 29% from a year ago, reflecting a decline…
Bank earnings will give clues about whether a recession is coming
The US economy may or may not go into recession. Investors will look at the bank’s…
Goldman Sachs and Wells Fargo Boost Shareholder Payouts
The largest US banks said they would increase payments to shareholders after the Federal Reserve said…