Finance

J.P. Morgan Chase on Friday reported first-quarter earnings that beat on both the top and bottom line, although trading revenue growth remained light. Here’s what the company reported versus expectations: — Earnings of $2.37 a share vs. an estimated $2.28 a share from a consensus of analysts polled by Thomson Reuters. — Revenue of $28.52
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This could be the year bitcoin and other cryptocurrencies get backed by an influential investor class: global pension and endowment funds. Institutional investors have held off on the fledgling cryptocurrency asset. However, money managers for the multibillion-dollar class have been laying the groundwork to make an investment at some point, possibly as soon as later
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During these recent management changes, there has also been intense pressure on Paul Achleitner himself, who has appointed three new chiefs during his tenure. On Monday, Hans-Christoph Hirt, the head of Hermes Equity Ownership Services at Hermes Investment Management, told CNBC’s “Squawk Box Europe,” that Achleitner has a number of questions to answer. Hermes Equity
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David Mareuil | Anadolu Agency | Getty Images People gathering near the Japan Parliament hold placards against Japanese Prime Minister Shinzo Abe as Yasunori Kagoike, head of the Moritomo Gakuen group, gives sworn testimony in the Diet on March 23, 2017. Japan’s Finance Ministry proposed crafting a cover story with a school operator at the
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One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. “What really caught our eye,
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The possible replacement of Deutsche Bank Chief Executive John Cryan could be discussed on a call with board members scheduled on Sunday evening by Supervisory Board Chairman Paul Achleitner, German newspaper Handelsblatt reported. Achleitner has invited the supervisory board to an “Update Call”, the paper reported, adding the invite did not contain further information about
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AFP | Getty Images Officials of the Financial Services Agency enter Coincheck’s headquarters to conduct a search, in Tokyo’s Shibuya district on February 2, 2018. Japanese authorities on February 2 raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost 530 million USD in cryptocurrency to hackers. Japanese online brokerage firm Monex Group
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Check out the companies making headlines after the bell: PriceSmart shares popped 4 percent after hours. The warehouse club operator reported earnings and revenues that surpassed analyst estimates. Warehouse sales were also up 6 percent this quarter. Urban Outfitters stock fell over 1 percent in extended trading. The clothing retailer announced the departure of David
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