It’s official: Wall Street topped $100 billion in profit
Thursday, 17 January 2019 The six biggest US banks have never had a $100 billion year. Until now. Goldman Sachs Group Inc., JPMorgan Chase & Co. and their peers have already reported more than $111 billion of profit for 2018. Morgan Stanley will only make that number bigger when it releases its fourth-quarter results Thursday. They have Republican tax cuts to thank, along with rising interest rates, a surge in deal making and a retail-banking boom. JPMorgan and Bank of America Corp. both had record years, while...
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CSL has beaten market expectations with a $US1.2 billion net profit on revenue of $US4.5 billion for the December half year and lifted its full year earnings... The Age Also reported by •S.China Morning Post