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Capital Markets Investment Banking and Brokerage

  • *HSBC, JPM strongest 2016 transaction banking performers in Asia. *JPMorgan adds more people in transaction banking in Asia. HONG KONG, April 20- With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade,...

  • MS beat boosted by trading and investment banking

    The "Squawk on the Street" crew talk about Morgan Stanley's quarterly numbers which shows profits up 74-percent, and CEO James Gorman calling it one of the firm's strongest quarters in recent years.

  • BlackRock earnings beats Street

    CNBC's Leslie Picker breaks down BlackRock's quarterly numbers which posted and earnings beat of $5.25 Adj. on revenues of $2.824 billion.

  • Wall Street banks have been energized by increased market activity prompted by the so-called "Trump trade" with the sector rallying since the election on hopes of simpler regulations and tax cuts under President Donald Trump's administration. "This quarter shows the value of our businesses as rates begin to rise and as we experience increased capital...

  • April 18- Bank of America Corp reported a higher-than-expected jump in quarterly profit as trading surged and the lender earned more from underwriting debt and equity offerings and advising on deals. Wall Street banks have been vitalized by increased market activity prompted by the so-called "Trump trade". The U.S. economy continues to show consumer and...

  • Wall Street banks have been vitalized by increased market activity prompted by the so-called "Trump trade". The second-largest U.S. bank's total revenue rose about 7 percent to $22.45 billion in the three months ended March 31, handily beating the average analyst estimate of $21.61 billion. BofA's shares, which have risen about 34 percent since the...

  • An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania.

    PNC's stock jumped after the bank reported earnings and revenue that beat Wall Street's expectations.

  • NEW YORK, April 12- JPMorgan Chase& Co's retail brokerage arm, JPMorgan Securities, has hired a team of advisers from its bigger wealth management rival Morgan Stanley, where the team managed $1 billion in client assets, the bank said late Wednesday. Twin brothers Jay and Neil Canell, along with Justin Dembo joined JPMorgan in New York City, where they will operate...

  • The bank's net income rose to $6.45 billion in the first quarter ended March 31 from $5.52 billion a year earlier. Earnings per share rose to $1.65, beating the average analyst estimate of $1.52 per share, according to Thomson Reuters I/B/E/S. Net revenue rose 6.24 percent to $25.59 billion, compared with the estimate of $24.88 billion.

  • The bank's net income rose to $6.45 billion in the first quarter ended March 31 from $5.52 billion a year earlier. Earnings per share rose to $1.65, beating the average analyst estimate of $1.52 per share, according to Thomson Reuters I/B/E/S. Net revenue rose 6.24 percent to $25.59 billion, compared with the estimate of $24.88 billion.

  • LONDON/ MADRID April 10- A gap in EU financial rules is allowing member countries to compete to host the trading operations of London- based investment banks after Brexit by offering looser regulatory standards. This is largely because when the ECB became responsible for euro zone supervision in 2014 the bulk of broker-dealers were in London and therefore not...

  • NEW YORK, April 7- Bank of America's Merrill Lynch brokerage unit is launching a renewed push to recruit and train young advisers to supplement a sales force that is aging industry-wide, Merrill Lynch head Andy Sieg said on Friday. "Make no mistake, when we look out over the next 10 years the thundering herd will be growing," Sieg said, speaking at the Securities...

  • WASHINGTON, April 6- White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. Reinstating the law, which was repealed in 1999, has not attracted significant attention in Congress, but...

  • WASHINGTON, April 6- Former Goldman Sachs Group Inc executive and White House adviser Gary Cohn shocked more than a few of his former Wall Street colleagues this week when he showed support for reinstating a Depression-era law that would break up the biggest U.S. banks. :Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians...

  • WASHINGTON, April 6- White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. Reinstating the law, which was repealed in 1999, has not attracted significant attention in Congress, but...

  • TORONTO, April 6- Canadian mergers and acquisitions got off to their strongest start in 17 years in 2017 as cross-border deal activity picked up pace, with JPMorgan, Goldman Sachs and RBC taking the top three spots in the advisory rankings. Toronto Dominion and Lazard rounded out the top five positions in the league tables, according to Thomson Reuters data...

  • LONDON, April 4- Global investment banking fees reached a 10- year high in the first quarter of 2017 with more than half of the $24 billion in total takings coming from North America, Thomson Reuters data showed on Tuesday. Wall Street banks took the top five places last quarter, led by JP Morgan, which earned $1.7 billion in fees, followed by Goldman Sachs with $1.5...

  • LONDON, April 4- Global investment banking fees reached a 10- year high in the first quarter of 2017 with more than half of the $24 billion in total takings coming from North America, Thomson Reuters data showed on Tuesday. Wall Street banks took the top five places last quarter, led by JP Morgan which earned $1.7 billion in fees, followed by Goldman Sachs with $1.5...

  • SAO PAULO, April 4- Morgan Stanley and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA, the world's No.1 iron ore producer. New York- based Morgan Stanley and Bradesco BBI, the investment-banking arm of Brazil's No. 3 listed lender Banco...

  • DUBAI, April 3- The head of corporate and investment banking at Dubai's Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai's third-biggest bank by assets, said John Iossifidis was leaving to pursue other opportunities, adding he had made a significant contribution to the bank's...