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Profit at Barclays fell 10 percent in the first quarter as its under-pressure investment bank struggled with tough markets, prompting it to signal further cost cuts if these conditions persist. The poor investment banking performance comes at an awkward time for chief executive Jes Staley, who is locked in a public battle with activist investor Edward Bramson who wants to see the unit pared back to boost overall returns at Barclays. Barclays said on Thursday returns in the investment banking business fell to 9.5 percent from 13.2 percent a year ago, while its overall profit was 1.54 billion pounds ($1.99 billion).
European shares fell on Thursday, weighed down by energy stocks and Nokia shares while investors parsed through a mixed bag of earnings in the region amid lingering concerns for the eurozone economy. Among the biggest drags was Finnish telecom network equipment maker Nokia which slid 10 percent after the company reported a surprise quarterly loss citing hard competition in its core networks business. Nokia shares dragged the tech index lower after its 4 percent surge in prior session.
Barclays first-quarter profit fell 10% over the first three months of the year, amid challenging market conditions and lingering concerns over Brexit.
The pan-European Stoxx 600 was down around 0.3% during early morning deals, with most sectors and major bourses in negative territory. Nokia reported a surprise quarterly loss on Thursday, citing tough competition in its core networks business. Shares of the Finnish telecom network equipment maker tumbled more than 10% on the news.
After a terrible year in 2018, lithium is about to make a major comeback, and new mining technology is unearthing the precious battery metal faster than ever before
Macro Updates: Record Highs, US-China Talks, and MoreMarkets reach record highsUS markets have been strong this year, and both the S&P 500 (SPY) and NASDAQ Composite (QQQ) hit new closing highs yesterday. The upward price action is a welcome
Anyone researching Hersha Hospitality Trust (NYSE:HT) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Investors may think of volatility...
Berkshire’s Cash Pile Sparks Acquisition Rumors—Buffett Denies(Continued from Prior Part)Berkshire’s acquisitions Warren Buffett, Berkshire Hathaway’s (BRK-B) chair, has denied that the company is looking at buying PG&E Corporation (PGE).
The Latest on the NASDAQ, Amazon, Samsung, and TencentStock markets have been cautious For most of 2019, stocks have seen either steep gains or steep losses from session to session. The tech-heavy NASDAQ Composite Index (QQQ) has again outperformed
Incremental contribution from WarnerMedia assets and solid wireless business enable AT&T (T) to beat first-quarter 2019 earnings estimates.
Zacks.com featured expert Kevin Matras highlights: Rent-A-Center, North American Construction, Rosetta Stone, lululemon athletic and HDFC Bank
World shares pared back losses on Wednesday as positive earnings in Europe from Credit Suisse and investor support for SAP helped soothe worries that China has put broader stimulus on hold. European shares crept into positive territory, with the pan-regional STOXX 600 index edging up 0.1 percent to reach its highest level since Aug. 1.
European shares pulled back from eight-month highs on Wednesday as worries over China putting policy-easing measures on hold offset upbeat earnings in the region from Credit Suisse and SAP. The pan-regional STOXX 600 index was down 0.1 percent by 0732 GMT. The benchmark index has notched gains in the past eight consecutive sessions, with a trend of rebounding from a weaker open.
Should You Buy Lyft Based on Wall Street Optimism?Lyft stockAfter being listed on the NASDAQ (QQQ) on March 29, Lyft (LYFT) stock has traded on a negative note so far. As of April 22, the stock has fallen 22.2% month-to-date, compared to 3.7% and
Trump Praises Economy Again: Here's What He Didn't MentionEconomy On several occasions, US President Donald Trump has showcased US economic growth and has gone as far as saying that the current state of the US economy is the best ever. Over the
Investors are always looking for growth in small-cap stocks like Flexion Therapeutics, Inc. (NASDAQ:FLXN), with a market cap of US$389m. However, an important fact which most ignore is: how financially healthy is the business...
Archrock Inc. (AROC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks.com featured expert Kevin Matras highlights: Ralph Lauren, Cerner, KeyW, Fifth Third and Energy Transfer
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.