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What Do Earnings From The Big Banks Tell Us?

3 days ago DieselGasoil Comments Off on What Do Earnings From The Big Banks Tell Us?
I have often looked at the sources of profits for the big four money center banks banks, Citi ( C ), JP Morgan Chase ( JPM ), Bank of America ( BAC ), and Wells Fargo ( WFC ), and used that information to assess market prospects for the few Read More

AmEx beats profit on higher card spending; expenses a worry

4 days ago DieselGasoil Comments Off on AmEx beats profit on higher card spending; expenses a worry
FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid (Reuters) – Credit card issuer American Express Co (AXP.N) beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by Read More

Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility and Announces Quarterly Cash Distribution

4 days ago DieselGasoil Comments Off on Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility and Announces Quarterly Cash Distribution
KILGORE, Texas, July 18, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today that the Partnership has successfully amended and extended its revolving credit facility. The amended facility extends the maturity date by approximately 3.4 years to August 2023, decreases the borrowing capacity from $500 million to $400 million and contains Read More

Trade concerns dent stocks; U.S. Treasury yields fall

5 days ago DieselGasoil Comments Off on Trade concerns dent stocks; U.S. Treasury yields fall
NEW YORK (Reuters) – A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell as trade concerns again began to bubble and U.S. earnings season picked up steam. On Wall Street, CSX Corp was one of the biggest drags on the S&P 500. The railroad tumbled 10.44% after it Read More

Wall St. flat as railroads slide after CSX signals trade impact

5 days ago DieselGasoil Comments Off on Wall St. flat as railroads slide after CSX signals trade impact
(Reuters) – U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX Corp’s profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of CSX Read More

Bank of America trims net interest income guidance

6 days ago DieselGasoil Comments Off on Bank of America trims net interest income guidance
(Reuters) – Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January Read More

Trade war, Brexit stoke debt and dollar, hit stocks and sterling

6 days ago DieselGasoil Comments Off on Trade war, Brexit stoke debt and dollar, hit stocks and sterling
LONDON (Reuters) – Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds. U.S. President Donald Trump renewed his threat to tax another $325 billion of Chinese goods, amid nervousness Read More

Futures flat as investors weigh bank results

6 days ago DieselGasoil Comments Off on Futures flat as investors weigh bank results
(Reuters) – Worries about the balance of monetary policy and growth kept U.S. stock futures flat on Wednesday, subduing the impact of solid results from Bank of America and a boost for chipmakers from Dutch company ASML. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More

Bank of America profit beats as healthy economy fuels loan growth

6 days ago DieselGasoil Comments Off on Bank of America profit beats as healthy economy fuels loan growth
(Reuters) – Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States’ second-largest lender’s loan book benefited from a healthy domestic economy. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri Consumer banking has held up Read More

Debt and dollar in demand, sterling and stocks stricken on trade war and Brexit

6 days ago DieselGasoil Comments Off on Debt and dollar in demand, sterling and stocks stricken on trade war and Brexit
LONDON (Reuters) – Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom dampened appetite for equities on Wednesday while keeping alive interest in the dollar and government bonds. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More