Investment banking and brokerage

FILE - In this Jan. 14, 2015, file photo, people walk past a branch of Chase bank, in New York. JPMorgan Chase & Co. reports earnings Friday, April 13, 2018. (AP Photo/Mark Lennihan, File)
April 13, 2018 - 3:16 pm
NEW YORK (AP) — Three of America's biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year. JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. Banks are expected to be major beneficiaries of the...
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FILE - This Wednesday, March 1, 2017, file photo shows the Morgan Stanley headquarters in New York. Morgan Stanley reports earnings, Thursday, Jan. 18, 2018. (AP Photo/Mark Lennihan, File)
January 18, 2018 - 7:00 am
NEW YORK (AP) — Morgan Stanley's earnings fell 59 percent in the fourth quarter, the company said Thursday, as the investment bank had to book $990 million in charges related to the new tax law. Morgan Stanley earned $686 million, or 29 cents a share, down from $1.67 billion, or 81 cents a share,...
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FILE - In this March 27, 2017 file photo, a general view of the trading room at the German stock market pictured in Frankfurt, Germany. New regulations to protect investors, to improve market transparency and honesty, and prevent another financial crisis went into effect on Wednesday, Jan. 3, 2018, in Europe. (AP Photo/Michael Probst, File)
January 03, 2018 - 9:53 am
FRANKFURT, Germany (AP) — New rules to protect investors, improve market transparency and honesty and prevent another financial crisis went into effect on Wednesday in Europe. The regulations are more than a million paragraphs long, took six years to write and approve and had to be delayed by a...
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FILE - In this Oct. 16, 2014, file photo, a screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth. Goldman Sachs Group, Inc. reports financial results Tuesday, Oct. 17, 2017. (AP Photo/Richard Drew, File)
October 17, 2017 - 7:13 am
NEW YORK (AP) — Goldman Sachs' third-quarter profits fell 3 percent from a year earlier, as the trading desks at Wall Street's biggest investment bank were weighed down by a slow summer that also impacted most of its competition. The results still beat analysts' forecasts, however. The Wall Street...
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September 30, 2017 - 5:23 pm
NEW YORK (AP) — Ousted Uber CEO Travis Kalanick is naming two new directors to the ride-hailing app company's board as part of an ongoing struggle with one of Uber's major investors. Former Xerox CEO Ursula Burns and former Merrill Lynch and CIT Group CEO John Thain were named as directors in a...
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September 19, 2017 - 9:54 am
HELSINKI (AP) — Norway's sovereign wealth fund, the world's largest of its kind, has hit a milestone value of $1 trillion, beating all expectations since its creation over 20 years ago. The fund, which it its record value early Tuesday, has been boosted lately by a rise in stock markets and a...
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September 19, 2017 - 7:04 am
HELSINKI (AP) — Norway's sovereign wealth fund, the world's largest of its kind, has hit a milestone value of $1 trillion, beating all expectations since its creation over 20 years ago. Fund manager Norges Bank Investment Management said the value was recorded early Tuesday. It said the fund has...
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Children walk past election campaign posters for French centrist presidential candidate Emmanuel Macron and far-right candidate Marine Le Pen, in Osses, southwestern France, Friday May 5, 2017. France will vote on Sunday May 7 in the second round of the presidential election. (AP Photo/Bob Edme)
May 05, 2017 - 6:55 am
LONDON (AP) — The mood in financial markets appears relaxed, upbeat even, heading into Sunday's French presidential election on the belief that centrist Emmanuel Macron will prevail by some margin. It's so sanguine, in fact, that it would make a surprise victory by his rival, Marine Le Pen from the...
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British musician Pete Doherty performs on stage during a concert of various artists against Marine Le Pen at Republique Square in Paris, Thursday, May 4, 2017. Le Pen and centrist candidate Emmanuel Macron face on in Sunday's runoff vote, with the latest polls suggesting Macron is well ahead. (AP Photo/Francois Mori)
May 04, 2017 - 3:25 pm
PARIS (AP) — The Latest on France's presidential election (all times local): 10:20 p.m. Singer Pete Doherty is calling French far-right presidential candidate Marine Le Pen "a shadow at the gate," and has joined French artists and students rallying and singing for openness and tolerance. While Le...
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In this Thursday, April 13, 2017, photo, a man uses a Bank of America ATM near the company's headquarters in Charlotte, N.C. Bank of America Corporation reports earnings Tuesday, April 18, 2017. (AP Photo/Chuck Burton)
April 18, 2017 - 11:09 am
NEW YORK (AP) — Bank of America's first quarter profits grew nearly 40 percent, the bank said Tuesday, helped by higher interest rates as well as a strong performance in its investment banking division. The Charlotte, North Carolina-based consumer banking giant reported net income of $4.86 billion...
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