Singapore’s DBS expects yearly earnings to beat $7.5 billion in medium term
(Reuters) – Singapore’s biggest bank DBS Group (OTC:DBSDY) on Monday said it expects to lift annual earnings to more than…
JPMorgan sees $3 billion net interest income boost from First Republic deal
(Reuters) – JPMorgan Chase & Co’s net interest income would rise by $3 billion this year due to its purchase…
Chevron to buy PDC Energy in $7.6 billion deal
(Reuters) – Chevron Corp said on Monday it would acquire PDC Energy (NASDAQ:PDCE) Inc in an all-stock transaction for $7.6…
Foot Locker Stock Flops 27% on Weak Earnings, Loose Guidance Adds to Selloff
The shoe retailer keeps investors on their toes with a massive drop in earnings growth forecast to $2 a share…
PacWest Bancorp to sell real estate loans to Kennedy-Wilson unit
(Reuters) – Regional lender PacWest Bancorp said on Monday it had agreed to sell a portfolio of 74 real estate…
Morgan Stanley sees signals of panic buying in S&P 500, ongoing rally ‘a head fake’
Morgan Stanley equity strategists doubled down on their view that U.S. stocks are overvalued. In a regular weekly column published…
Ford signs battery material supply deals to charge up EV output
(Reuters) – Ford Motor Co on Monday unveiled three deals for the supply of lithium products, including lithium hydroxide, as…
India stocks higher at close of trade; Nifty 50 up 0.61%
India stocks were higher after the close on Monday, as gains in the IT, Technology and Green Energy sectors led shares higher. At the close…
Bank of America hikes year-end target for S&P 500 to 4300
Bank of America equity strategists lifted the year-end S&P 500 price target to 4300 from the prior 4000 to reflect updated target…
State Street to offer proxy voting choices to retail investors
(Reuters) – State Street Corp (NYSE:STT) will offer retail fund investors proxy voting choices, the firm said on Monday, moving ahead of…