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Wall Street banks see pockets of weakness due to market turmoil

Wall Street banks see pockets of weakness due to market turmoil

Oct 13 (Reuters) - Wall Street's investment banking and trading stalwarts posted an uneven third quarter, as both equity and bond markets were rocked by ongoing wars, rising inflation and jitters about the massive spending in the AI buildout.

Citi profit tops estimates on higher investment banking, services and wealth revenue

Citi profit tops estimates on higher investment banking, services and wealth revenue

By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) - Citigroup beat Wall Street estimates for third-quarter profit on Tuesday, helped by stronger investment banking revenue and transactions with multinational companies as well as higher earnings from wealth management.

Citi profit jumps 40% with higher investment banking, services and wealth revenue

Citi profit jumps 40% with higher investment banking, services and wealth revenue

By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) - Citigroup's third-quarter profit rose 40% compared to a year earlier, helped by stronger investment banking revenue and transactions with multinational companies as well as higher wealth management earnings.

Citi tops profit estimates on higher investment banking, services and wealth revenue

Citi tops profit estimates on higher investment banking, services and wealth revenue

By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) - Citigroup beat Wall Street estimates for third-quarter profit on Tuesday, helped by stronger investment banking revenue and transactions with multinational companies as well as higher wealth management earnings.

Wells Fargo beats profit estimates, but net interest income, revenue fall short

Wells Fargo beats profit estimates, but net interest income, revenue fall short

By Utkarsh Shetti and Nivedita Balu Oct 13 (Reuters) - Wells Fargo beat Wall Street estimates for third-quarter profit on Tuesday, but lower-than-expected net interest income and revenue sent the fourth-largest US lender's shares lower.

Big banks post strong Q3 profits, but warn higher rates and inflation could bite

Big banks post strong Q3 profits, but warn higher rates and inflation could bite

Wall Street’s biggest banks have reported another strong quarter as U.S. consumers continue to pay bills and businesses invest in AI

Strong profit reports from Goldman Sachs and others support Wall Street as chip stocks drop

Strong profit reports from Goldman Sachs and others support Wall Street as chip stocks drop

Strong profit reports from Goldman Sachs, UnitedHealth Group and other big U.S. companies are helping to shore up the stock market, even as sharp drops for stocks in the computer chip industry circle the world and hit Wall Street

S&P 500 set for muted open after big bank earnings, chip slide weighs

S&P 500 set for muted open after big bank earnings, chip slide weighs

By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) - The benchmark S&P 500 was set for a muted open on Tuesday as investors parsed quarterly results from big US banks that kick off the earnings season, while weakness in chip stocks weighed on Nasdaq futures.

Wells Fargo beats profit estimates, NII and revenue fall short

Wells Fargo beats profit estimates, NII and revenue fall short

Oct 13 (Reuters) - Wells Fargo beat Wall Street estimates for third-quarter profit on Tuesday, but missed net interest income and revenue expectations, sending its shares down nearly 1% in volatile premarket trading.

Goldman Sachs quarterly profit rises on equities strength

Goldman Sachs quarterly profit rises on equities strength

By Saeed Azhar and Pritam Biswas Oct 13 (Reuters) - Goldman Sachs on Tuesday posted a higher third-quarter profit as dealmaking remained steady and volatile markets tied to the Middle East conflict boosted the Wall Street giant's equities revenue.

Goldman Sachs beats quarterly profit estimates on equities strength

Goldman Sachs beats quarterly profit estimates on equities strength

By Saeed Azhar and Pritam Biswas Oct 13 (Reuters) - Goldman Sachs on Tuesday beat third-quarter profit estimates, as dealmaking remained steady and volatile markets tied to the Middle East conflict lifted its equities revenue, sending its shares up 3.8% before the bell.

The first big batch of US profit reports for the summer has Wall Street mixed

The first big batch of US profit reports for the summer has Wall Street mixed

The first big batch of summertime profit reports from U.S. companies is making waves on Wall Street after topping analysts’ expectations, but many are canceling each other out