ASX to edge higher, US stocks advance modestly

A new economic expert report commissioned by the regulator suggests it is concerned about possible ‘coordinated effects’ among the big banks.AUD +0.4% to 67.27 US centsIn New York: BHP +1.7% Rio +1.3% Atlassian -2.7%Spot gold +0.5% to $US2004.96/oz at 2.30pm in New York10-year yield: US 3.57% Australia 3.47% Germany 2.47%Goldman Sachs Groups profit fell 19 per cent as dealmaking and bond trading slumped in the first quarter and it lost money on the sale of some assets in its consumer business.

The bank’s net profit applicable to common shareholders fell to $US3.09 billion in the quarter, compared with $US3.83 billion a year earlier, while earnings per share slid to $US8.79 from $US10.76 last year, it said on Tuesday. Bank of America first-quarter profit beat estimates after its fixed-income traders delivered a windfall large enough to cover the rising cost of the bank’s souring loans.

Separately, net interest income, a key source of revenue for the bank, rose 25 per cent to $US14.4 billion in the first three months of the year. Analysts had expected a 24 per cent increase for NII, the revenue collected from loan payments minus what depositors are paid.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

ASX LIVE: ASX to fall, RBA minutes ahead, UBS warns on lithium earningsOffshore energy producers exposed to potential tax reforms. China Q1 GDP, March data at 12pm. S&P 500 edges higher. Follow updates here.
Fuente: FinancialReview - 🏆 2. / 90 Leer más »

ASX to rise, US bank earnings in focusAustralian shares are set to edge up to start the week. Sixty S&P 500 companies are poised to report results, as guidance is seen as more important than ever.
Fuente: FinancialReview - 🏆 2. / 90 Leer más »