Author: Consultant

Bank of America revenue tops expectations as lender benefits from higher interest ratesBank of America earnings dropped 32% to $6.25 billion, or 73 cents a share, from a year earlier […]

Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%Second-quarter profit fell 48% to $2.79 billion, or $7.73 a share, driven by industrywide declines in investment banking […]

Before the Bell: July 18EquitiesWall Street futures gained early Monday on easing concerns about aggressive rate hikes from the Federal Reserve as traders weigh more earnings from U.S. banks. Key […]

BMO expects big bounce-back in TSX stocks. The S&P/TSX Composite Index is trading at recessionary valuation levels and that, combined with the extreme breadth of weakness and the dramatic underperformance […]

Canadian home prices spiral down in JuneCanada’s housing market slowed for the third straight month in June, with home prices cratering – the largest monthly decline on record – as […]

Economic Calendar (July 18 – July 22)Monday July 18(815 am ET) Canada housing starts for June. Consensus is a fall of 4.1% to an annualized rate of 275,600.(10 am ET) […]

Citigroup’s quarterly profit tops expectations on trading boomCitigroup Inc C-N +10.17%increase posted a smaller-than-expected 27 per cent drop in quarterly profit on Friday as the third-largest U.S. bank’s trading desk cashed in on […]

Retail sales rose more than expected in June as consumers remain resilient despite inflationRetail sales rose 1% in June, slightly better than the 0.9% estimate.The numbers are not adjusted for […]

Gold heads toward fifth weekly decline on dollar strengthGold prices eased on Friday and were poised for a fifth straight weekly loss, as expectations of a sizeable rate hike by […]