Ixaris

Reuters | April 09, 2020

How much money will U.S. banks lose on loans because of the coronavirus recession? Analysts and investors have been struggling to come up with an answer – or at least a reasonable guess – ahead of quarterly reports from JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N), and Citigroup Inc (C.N) next week. Wall Street estimates have changed dramatically from a month ago. Then, analysts called for big bank earnings per share to rise in the first...

Starling Bank | February 10, 2020

Starling Bank has raised a further £60 million from existing backers Merian Global Investors and JTC. The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. The UK challenger bank says it will award shares to all 800 employees, incentivizing staff as it strives to meet a target for a first full year in profit by the end of 2021. Starling posted a £26.8 million loss in 2018. Anne...

IBM | January 22, 2020

The S&P 500 and the Nasdaq hit record highs on Wednesday as a strong forecast from IBM added to optimism over earnings, while investors assessed risks from a virus outbreak in China. International Business Machines Corp shares jumped 3.5% after the company forecast full-year profit above market expectations on strength in its high-margin cloud computing business. Technology stocks, which have played a pivotal role in Wall Street’s recent record run, rose 0.8%, with chip stocks gaining ...

Wall Street | February 10, 2020

Wall Street resumed its rally from last week, with the Nasdaq hitting a record high on Monday, as a recent batch of strong domestic economic data and largely upbeat earnings overshadowed fears about the impact of the coronavirus epidemic on global growth. People returned to work in China after an extended new year holiday even as the country grappled with the epidemic that has now claimed more lives than Severe Acute Respiratory Syndrome (SARS). “Some people think the outbreak may have a v...