NEW YORK (Reuters) -CEOs of investment banking giants expressed optimism about a resurgence in capital markets when they reported fourth-quarter earnings on Tuesday on an improving deal pipeline and U.S. economy, but also warned of risks that could disrupt a nascent recovery. At Goldman Sachs, equities trading revenue jumped 26% in the fourth quarter versus a year earlier, sending shares up more than 1% in morning trading. By contrast, trading revenue at rival Morgan Stanley was broadly flat, but investment banking revenue climbed 5%.
Morgan Stanley revenue beats on investment banking rebound, takes $535 million in charges By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Wall Street banks express optimism but warn of risks ahead streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Citi to cut 20,000 jobs, posts $1.8bln loss in 'disappointing' quarter zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Citigroup swings to $1.8 billion loss on slew of charges streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.