Banks missing out on stock market gains
Despite record-setting growth in the stock market, US banks saw a 13% drop in equity trading revenue in 2016, according to data from the Office of the Comptroller of the Currency, a trend that has […]
Wall Street
Algorithms’ influence grows on Wall Street
Equity analysts, including Valerie Bogard of TABB Group, say that algorithms are rapidly taking over. It is the driving force behind the US stock market. With Bogard saying they may now be used in as […]
Stock buybacks to surge next year, analysts say
Next year will be a big one for stock buybacks, Goldman Sachs Group analysts say, predicting that Standard & Poor’s 500 index companies will increase repurchases by 30%, to $780 billion. Analysts from Wells Fargo […]
Major US equity indexes close at record highs
Postelection Wall Street maintained momentum, with all three major stock market indexes at record highs when trading ended Monday. Small cap equities joined the trend, sending the Russell 2000 to a record high closing as […]
Downing Street met Wall Street
Downing Street met Wall Street late Monday as Theresa May landed in New York to consult with some of America’s largest firms over how her country should proceed with Brexit. The prime minister held two […]