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Arm's Pricey Valuation Under the Scanner as Revenues Look Soft

Analysts are questioning the pricey valuation of SoftBank Group-backed Arm Holdings after the chip designer forecast weaker than expected revenues. The firm… ....

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US bank profits set to rise on higher rates while Wall Street lags

Profits at the biggest U.S. consumer lenders are likely to rise in the third quarter, in contrast with investment banks still facing a dealmaking slump, analysts said. JPMorgan Chase, which kicks off earnings for big U.S. lenders Friday, will set the tone for large banks. It is predicted to post a roughly 25% jump in earnings per share (EPS) versus a year earlier, LSEG estimates showed. ....

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