NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.» Read More
NEW YORK, Oct 18- Morgan Stanley's risk-weighted assets related to fixed-income trading fell by 2.7 percent last quarter, Chief Financial Officer Ruth Porat said on Friday. Morgan Stanley is working to shrink some fixed-income trading assets while growing its book of loans, particularly to wealth-management clients.
*Quarterly dividend raised to 55 cents/ shr from 50 cents. *Third-quarter profit $2.88/ share vs Street view $2.43. Oct 17- Goldman Sachs Group Inc's bond-trading revenue plunged in the third quarter, and the bank slashed employee compensation costs by 35 percent- an unusual step that signals its concern about performance for the rest of the year.
LONDON/ NEW YORK, Oct 17- Gold prices surged 3 percent on Thursday, boosted by a dollar slide and expectations that a temporary deal to avoid a U.S. debt default might prompt the Federal Reserve not to reduce its monetary stimulus.
*Q3 ENI/share 56 cents versus Street view of 55 cents. Oct 17- Blackstone Group LP, the largest publicly listed alternative asset manager, said on Thursday it had nearly $20 billion of its assets in companies that have filed to go public as it seeks to capitalize further on strong capital markets.
*Quarterly dividend raised to 55 cents/ shr from 50 cents. *Third-quarter profit $2.88/ share vs Street view $2.43. Oct 17- Goldman Sachs Group Inc slashed employee compensation costs by 35 percent in the third quarter as bond-trading revenue plunged, an unusual step that signals the investment bank's concern about performance for the rest of the year.
LONDON, Oct 17- Britain is ready to relax its banking rules for any non-European bank, not just those from China who want to set up investment banking operations in London, its chief industry regulator said on Thursday.
*Q3 ENI/share 56 cents versus Street view of 55 cents.
LONDON, Oct 17- Investors increased their allocation to euro zone equities to the highest in more than six years this month as they saw a stronger outlook for the region's economy, a monthly poll of fund managers showed on Thursday.
Oct 17- Blackstone Group LP, the largest publicly listed alternative asset manager, said on Thursday that its third-quarter earnings increased by 3 percent year-on-year as its fee revenue and profits from sales of its holdings rose.
As Twitter races toward the year's most highly anticipated tech offering, memories of Facebook Inc's disappointing 2012 debut threaten the eight-year-old online messaging service's own splashy coming-out party. Like Facebook, Twitter enjoys strong brand recognition, which typically translates to outsized retail investor interest.
Oct 16- Bank of America Corp posted a higher-than-expected quarterly profit on Wednesday as growth in its consumer and wealth management arms underscored the bank's progress in stitching together businesses it picked up in the financial crisis.
Investment firms and big Wall Street banks, including PIMCO, Fidelity Investments, Blackrock Inc, Citigroup Inc and JPMorgan Chase& Co, said they had sold Treasury bonds that expire in the coming weeks, either to protect clients' investment portfolios or their own balance sheets against losses in the event of a U.S. default. 1/ 8 ID: nL1N0HY1JF 3/ 8.
Oct 16- Bank of Montreal on Wednesday promoted Frank Techar to the newly created position of chief operating officer, with responsibility for three of the bank's four main business lines. As chief operating officer, he will also assume responsibility for BMO Harris Bank, the bank's U.S. retail bank, and for BMO's wealth management operations.
Oct 16- BlackRock Inc, the world's largest money manager, said on Wednesday its third-quarter profit rose 15 percent, boosted by strong investor demand for the company's iShares and retail business.
NEW YORK, Oct 16- Clients gave their brokers and bankers at Merrill Lynch Wealth Management and U.S. Trust more money to manage in the third quarter, but revenue at the main wealth businesses of Bank of America Corp fell from the second quarter on reduced trading activity and seasonal lassitude, the bank said Wednesday.
Oct 16- BlackRock Inc, the world's largest money manager, said on Wednesday that its third-quarter profit rose 15 percent, citing market growth and strong global demand from its retail and institutional clients. The New York- based asset manager reported net income of $730 million, or $4.21 per share, up from $642 million, or $3.65 per share, a year earlier.
The New York- based asset manager reported net income of $730 million, or $4.21 per share, up from $642 million, or $3.65 per share, a year earlier.
LONDON, Oct 16- Strong public demand for Britain's Royal Mail sell-off could mark the retail investor's return as a more regular player in share sales, potentially giving firms another source of cash and broadening share ownership in the country.
*Fitch puts United States on rating watch negative. NEW YORK, Oct 15- Interest rates on U.S. No one feels confident about a deal yet, "said Mary Beth Fisher, head of U.S. interest rates strategy at SG Corporate& Investment Banking in New York.