Jefferies’ profit more than triples on investment banking windfall
6 days, 13 hours ago

Jefferies’ profit more than triples on investment banking windfall

Live Mint  

Jan 8 - Jefferies Financial reported an over three-fold rise in fourth-quarter profit on Wednesday as the investment bank earned higher fees from deal advisory and underwriting activity remained strong. In the fourth quarter, the company's investment banking revenue soared nearly 73% to $986.8 million, while capital markets revenue rose 34% to $651.7 million. Bankers expect global deal volumes to surpass $4 trillion in 2025, the highest in four years, buoyed by U.S. President-elect Donald Trump's pledge of less regulation, lower corporate taxes and a broadly pro-business stance. The New York-based bank's net profit attributable to common shareholders was $205.7 million, or 91 cents per share, for the three months ended Nov. 30.

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Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking
2 months, 3 weeks ago

Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Barclays said it generated more income than last year, …

Goldman Sachs 4Q profits jump 51%, but full year reflects difficult period for the bank
11 months, 4 weeks ago

Goldman Sachs 4Q profits jump 51%, but full year reflects difficult period for the bank

Associated Press  

NEW YORK — Goldman Sachs’ profits jumped 51% from a year earlier, the investment bank said Tuesday, helped by the strong returns in the overall market and its wealth management division in the last three months of the year. Goldman posted a profit of $2 billion in the last three months of the year, up from $1.33 billion in the …

JPMorgan profits fall; bank stores cash for coming downturn
2 years, 3 months ago

JPMorgan profits fall; bank stores cash for coming downturn

Associated Press  

NEW YORK — JPMorgan Chase & Co.'s third quarter profit fell by 17% from a year earlier, as the bank set aside roughly a billion dollars to cover potential losses in an economic recession that CEO Jamie Dimon has said could come in six to nine months. The nation’s largest bank by assets posted a profit of $9.74 billion, or …

Barclays profit rises in 4th quarter, beating estimates
2 years, 10 months ago

Barclays profit rises in 4th quarter, beating estimates

Live Mint  

The U.K. bank, which also said that it intends to launch a share buyback program of up to 1 billion pounds, posted a pretax profit for the period of GBP1.47 billion compared with GBP646 million a year earlier. The FTSE 100 listed bank’s net profit rose to GBP1.12 billion from GBP220 million for the year-earlier period. Total operating expenses stood …

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