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Goldman CEO says fixed income, currencies, commodities business slightly softer in Q3

Goldman CEO says fixed income, currencies, commodities business slightly softer in Q3

NEW YORK, Sept 16 (Reuters) - Goldman Sachs expects its fixed-income, currencies and commodities (FICC) business will be slightly softer in the third quarter compared to very strong performance for its equities business, Chief Executive David Solomon said on Wednesday.
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Bank of America CEO Brian Moynihan Projects Over 10% Drop in Q3 Investment Banking Fees

Bank of America CEO Brian Moynihan Projects Over 10% Drop in Q3 Investment Banking Fees

Bank of America CEO Brian Moynihan Projects Over 10% Drop in Q3 Investment Banking Fees
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Bank of America CEO Brian Moynihan Warns of Significant Q3 Investment Banking Fee Decline

Bank of America CEO Brian Moynihan Warns of Significant Q3 Investment Banking Fee Decline

Bank of America CEO Brian Moynihan Warns of Significant Q3 Investment Banking Fee Decline
ReutersReuters
Major US banks raise prime rate after first Fed rate hike since 2023

Major US banks raise prime rate after first Fed rate hike since 2023

Sept 16 (Reuters) - Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve lifted its benchmark interest rate, a move that would increase borrowing costs for consumers and businesses with loans.
ReutersReuters
JPMorgan expects investment banking, trading to shine in third quarter

JPMorgan expects investment banking, trading to shine in third quarter

By Arasu Kannagi Basil and Nupur Anand Sept 15 (Reuters) - JPMorgan Chase expects investment banking fees and trading revenue growth to be strong in the third quarter, co-President Doug Petno said at an investor conference on Tuesday.
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Bank of America Stock Drops Following CEO's Warning on Q3 Investment Banking Fees

Bank of America Stock Drops Following CEO's Warning on Q3 Investment Banking Fees

Bank of America Stock Drops Following CEO's Warning on Q3 Investment Banking Fees
ReutersReuters
Wells Fargo CFO sees stronger 2026 loan growth, healthy US economy

Wells Fargo CFO sees stronger 2026 loan growth, healthy US economy

By Manya Saini and Nupur Anand Sept 15 (Reuters) - Wells Fargo expects loan growth in 2026 to be better than its previous forecast and signaled healthy spending and credit trends in the U.S., CFO Mike Santomassimo said at an investor conference on Tuesday.
ReutersReuters
Instant View: Stocks pull back after Fed raises rates, points to another hike this year

Instant View: Stocks pull back after Fed raises rates, points to another hike this year

NEW YORK, Sept 16 (Reuters) -  The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new US central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration's inability so far
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Commerzbank revamps Brent crude forecast for the rest of 2026

Commerzbank revamps Brent crude forecast for the rest of 2026

One forecast moved in the opposite direction from the fear trade.
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Citigroup CFO Projects Mid-Single-Digit Market Revenue Growth for Q3 Amidst Broader Banking Sector Decline

Citigroup CFO Projects Mid-Single-Digit Market Revenue Growth for Q3 Amidst Broader Banking Sector Decline

Citigroup CFO Projects Mid-Single-Digit Market Revenue Growth for Q3 Amidst Broader Banking Sector Decline
TheStreetTheStreet
S&P 500 analyst does an about-face on street-high target as Fed cracks down

S&P 500 analyst does an about-face on street-high target as Fed cracks down

The market veteran made a big change to his S&P 500 outlook as the Federal Reserve raised interest rates by one quarter point.
ReutersReuters
Factbox-Major brokerages' forecasts for S&P 500 index in 2026

Factbox-Major brokerages' forecasts for S&P 500 index in 2026

Sept 16 (Reuters) - Global brokerages expect the benchmark S&P 500 index to extend its rally in 2026, betting on AI momentum and strong corporate earnings, while the war in Iran continues to weigh on investor sentiment.