JPMorgan beats estimates with EPS of $3.12 in Q314 Oct 2022 12:54
JPMorgan Chase & Co. said on Friday that its diluted earnings per share stood at $3.12 in the third quarter of 2022, dropping 17^compared to the same period a year earlier but still coming in above estimates.
Rio Tinto and BHP to reveal if the good times really are over for big mining14 Oct 2022 11:41
Rio Tinto and BHP kick off the big miners reporting season next week as the recessionary clouds gather over the sector.
After a run of huge profits and even larger dividend payouts, the mood has changed due to price weakness in iron ore and copper, two of Rio and BHP’s big earners.
US earnings today, Citigroup Inc, JPMorgan Chase & Co, Morgan Stanley, Wells Fargo & Co, banks reports expected form net interest growth being very strong, looking good for Lloyds to end the week higher
City bonuses rise at more than twice the rate of wages14 Oct 2022 09:20
Bonuses in the finance and insurance sector are now worth, on average, around £20,000 a year – the highest level on record, according to the union organisation.
The TUC said under the current cap, an employee’s bonus can be no bigger than 100 per cent of their annual pay, or 200 per cent if there is approval from shareholders.
However, under plans unveiled by Chancellor Kwasi Kwarteng in the mini-budget will remove the cap on bonus payments.