Investment Banking and Brokerage


  • Oct 23- Investment bank and asset manager Lazard Ltd reported better-than-expected quarterly profit and revenue due to a jump in M&A advisory fees and an increase in asset management revenue. Among the big deals Lazard advised on during the quarter were Siemens AG's $7.6 billion acquisition of oilfield equipment maker Dresser-Rand Group Inc and chemical...

  • ZURICH, Oct 23- Credit Suisse reported stronger-than-expected third quarter profits on Thursday, bolstered by its investment bank, which benefited from a rise in bond-trading and fees from the multi-billion dollar listing of China's Alibaba. This marks a return to profit for the Zurich- based bank after it reported its biggest loss since the financial crisis...

  • *China, HK fees account for 55 pct of AsiaPac region in 2014. HONG KONG, Oct 23- Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues in China- a sign of how Beijing's reforms are transforming private capital's role in the world's second-largest economy. Private firms are also...

  • Morgan Stanley's income nearly doubles Friday, 17 Oct 2014 | 7:49 AM ET

    NEW YORK— Morgan Stanley's third-quarter net income nearly doubled, helped by strength in its institutional securities and wealth management divisions. Morgan Stanley had a large increase in pre-tax income for its institutional securities business, which includes the firm's prime brokerage, trading and investment banking divisions.

  • Oct 17- Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Morgan Stanley's shares rose 5.7 percent to $34.40 in premarket trading on Friday. The stable fee income Morgan Stanley receives for advising individuals on their...

  • Goldman Sachs 3Q EPS beats Street     Thursday, 16 Oct 2014 | 7:54 AM ET

    Marty Mosby, Vining Sparks, breaks down the big bank's quarterly numbers as shares drop after reporting Q3 results.

  • Goldman tops Wall Street 3Q forecasts Thursday, 16 Oct 2014 | 7:42 AM ET

    NEW YORK— Goldman Sachs said its third-quarter profit jumped 48 percent as revenue from trading bonds and currencies rose. The investment bank, based in New York, posted quarterly revenue of $8.39 billion, up 25 percent over the same period last year and topping Wall Street's forecasts. Goldman Sachs Group's shares have fallen slightly since the beginning of...

  • JGBs gain on global growth scare, yields at 1-1/2-yr low Wednesday, 15 Oct 2014 | 11:07 PM ET

    TOKYO, Oct 16- Japanese government bond prices nudged up on Thursday due to rising global growth concerns, pushing the benchmark 10- year yield to the lowest level in a year and a half. The move reflected flight-to-quality buying of bonds in the United States and Europe as investors grew wary of possible loss of momentum in the global economy.

  • Brokers stick to "wait it out" script as markets plunge Wednesday, 15 Oct 2014 | 4:45 PM ET

    NEW YORK, Oct 15- The stock market quaked on Wednesday after a week of tremors, but financial advisers and stockbrokers stuck largely to their scripts. "We've preconditioned people not to get spooked too much on short-term movement," Mike Frazier, president of Bedell Frazier Investment Counseling in Walnut Creek, California said Wednesday morning as the Dow...

  • The Tehran Stock Exchange is "the last, large untapped emerging market in the world", said Ramin Rabii, managing director of Turquoise Partners, a Tehran- based investment firm with around $200 million of assets under management. Talks between Iran and world powers in Vienna this week aim to reach a deal on Tehran's disputed nuclear programme.

  • We hire young kids to hack us: BlackRock CEO     Wednesday, 15 Oct 2014 | 7:11 AM ET

    We are spending a great deal of time ensuring our clients information is protected, says Laurence Fink, BlackRock chairman & CEO, discussing what his company is doing to protect itself from cyberattacks.

  • Don't believe AIG has a case: Fink     Wednesday, 15 Oct 2014 | 7:08 AM ET

    Laurence Fink, BlackRock chairman & CEO, shares his thoughts on former AIG CEO Hank Greenberg's lawsuit against the U.S. government and Lehman Brother's solvency.

  • Fed behind the curve: Fink     Wednesday, 15 Oct 2014 | 7:02 AM ET

    Laurence Fink, BlackRock chairman & CEO, shares his thoughts on the likelihood of additional QE by the Federal Reserve and why an increase in rates will help the economy.

  • BlackRock CEO: There's a shortage of bonds     Wednesday, 15 Oct 2014 | 6:52 AM ET

    Laurence Fink, BlackRock chairman & CEO, shares his thoughts on fixed income investments and Pimco's challenges. We are winning market share, says Fink.

  • Laurence Fink, BlackRock chairman & CEO, says if the Federal Reserve does not raise rates it could harm the world economies.

  • CNBC's Becky Quick and Laurence Fink, BlackRock chairman & CEO, talk about market volatility, lower oil prices and why he is optimistic over the current melt down.

  • We are barometer of world markets: BlackRock CEO     Wednesday, 15 Oct 2014 | 6:32 AM ET
    Larry Fink

    CNBC's Becky Quick talks with Laurence Fink, BlackRock chairman & CEO, about the company's earnings beat and its outlook on growth.

  • Oct 14- JPMorgan Chase& Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. JPMorgan, the biggest U.S. bank, also reported higher-than-expected operating costs, with compensation, technology and marketing...

  • Oct 14- LPL Financial LLC, a unit of brokerage firm LPL Financial Holdings Inc, has agreed to reimburse more than half a million dollars to investors to settle complaints over switching annuities, a securities regulator said on Tuesday. LPL Financial acknowledged that certain annuity-switch transactions were conducted without disclosing fees for cashing...

  • Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The bank, confirming figures leaked earlier on an investment website, said it recorded net income of $5.6 billion, or $1.36 per share,...