Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Citigroup, Goldman, Morgan Stanley Report Drop in Profits

US Banks Face 75% Revenue Hit from IPO Drought

US investments banks are hit by an IPO slowdown as equity capital markets (ECM) revenues have been impacted. Big investment banks such as Goldman Sachs, Citigroup, BofA and Morgan Stanley have seen ECM fees sharply drop to $645mn vs. $5.3bn for the same period in...
BofA and Morgan Stanley Report Earnings Beat

BofA and Morgan Stanley Report Earnings Beat

Bank of America (BofA) reported Q4 2021 earnings that topped estimates. EPS came at $0.82 vs. $0.76 forecasted with net profits of $7bn, up 28% YoY. Revenues rose 10% YoY to $22.17bn. BofA released $851mn in reserves with provision for credit losses improving by...
Morgan Stanley Reports Strong Q2 Results

Morgan Stanley Reports Strong Q2 Results

Morgan Stanley reported strong Q2 results with net income of $3.5bn vs. $3.2bn for the same period a year ago. Investment banking saw revenues of $2.38bn, up 16% YoY. While fixed income revenues dipped 45% YoY to $1.68bn, its equities trading revenues were up 8% to...
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