Citi’s profits impacted by Russia charge despite strong dealmaking results
Citigroup’s Q4 Profit Declines Amid Operational Changes Citigroup experienced a 13% drop in profits during the fourth quarter, primarily due to significant costs associated with exiting its Russian operations due to the ongoing Ukraine conflict. However, the overall annual revenue for 2025 closed on a positive note, driven by a rise in trading activity and […]
Bank of America surpasses profit expectations due to strong dealmaking and raises NII forecast
Bank of America’s Strong Performance in Third Quarter Bank of America reported a robust performance for the third quarter, with investment banking fees jumping 43% from last year to reach $2 billion. This uptick in fees played a significant role in boosting profits that surpassed Wall Street’s expectations, positively influencing the stock price, which rose […]
Trump’s ‘art of the deadline’ flaunts his dealmaking prowess
Call it “the art of deadlines.” President Trump declares victory in the first weeks of his second term when he can set deadlines for foreign leaders, give openings to change deadlines, and bring out what is worth. It showed a trend towards Trump did that when he said Canada and Mexico would be hit by […]
Morgan Stanley shares pop as dealmaking drives record revenue
Morgan Stanley's fourth-quarter profit more than doubled on the back of a wave of deal deals and stock sales, and revenue hit a new full-year record. The results capped a strong quarter for Wall Street banks, which benefited from a surge in mergers and acquisitions due to a strong U.S. economy, lower interest rates and […]
Wall Street banks JP Morgan, Goldman Sachs post fat profits amid dealmaking surge, Trump ‘bump’
Wall Street's biggest banks have seen eye-popping growth over the past year, as US financial giants rode the “Trump bump” amid optimism that the incoming administration would abolish bureaucracy to boost economic growth. Achieved full-year profit. Executives at some of the country's biggest lenders said the real estate mogul's landslide victory over Kamala Harris in […]
‘World Leaders Know To Take Him Seriously’: Veteran Journo Breaks Down Effectiveness Of Trump’s Dealmaking Strategy
Alex Sanz, deputy editor and political director of the Atlanta Journal-Constitution, explained Thursday how President-elect Donald Trump's trading strategy has proven effective. President Trump criticized Panama Canal management on Christmas Day Truth social, suggested US should control Canada and Greenland post. Speaking on “NewsNation Live,” Sanz claimed that Trump's outspoken statements have drawn the “attention” […]
Warner Bros Discovery to revamp structure, setting up potential dealmaking
Warner Bros. Discovery announced Thursday that it will reorganize into two business units. One focuses on the struggling traditional cable TV business, and the other focuses on streaming and studios. This could create “strategic opportunities” in the future. The media giant has announced that its division, which includes streaming services Max, Discovery Plus and HBO, […]
Goldman CEO David Solomon says Trump’s ‘very pro-growth agenda’ to boost dealmaking
Goldman Sachs Chief Executive David Solomon said Tuesday that both stock and M&A deals could exceed the 10-year average next year. “I think we will definitely reach the 10-year average level in 2025. We may even surpass the past 10-year average,” Solomon said in an interview at the Reuters NEXT conference in New York. . […]
Warner Bros. Discovery CEO expects deal-making to surge under Trump as studio posts surprise profit
Warner Bros. Discovery's David Zaslav said Thursday that he expects the incoming Trump administration to create a more friendly environment for deal-making, opening the door to industry consolidation. “That will provide a real positive acceleration effect that is needed in this industry,” Zaslav told investors on a conference call after the company announced its quarterly […]
JPMorgan cautious on deal-making rebound over uncertainty surrounding who will take White House
One of the rumored front-runners to eventually succeed JPMorgan boss Jamie Dimon said Monday that uncertainty over who will win the White House could be dampening enthusiasm for mega-bucks deals. “Everybody is very interested in talking about the election,” Troy Rohrbaugh, co-CEO of the Wall Street giant’s investment bank arm, told Reuters. “While the equity […]