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Global Equity Funds see First Weekly Inflow in 10 Weeks

Jan 13 Reuters Global equity funds drew their first weekly inflow in 10 weeks in the week to Jan. 11 on hopes of easing inflation and expectations that China39;s reopening would boost global economies. Refinitiv Lipper data showed global equity funds attracted 5.17 billion in net purchases, for their first weekly inflow since Nov. 2. […]
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Wells Fargo Profit Falls 50 on Higher Reserves, Costs

Jan 13 Reuters Wells Fargo Co on Friday reported a 50 decline in profit for the fourth quarter as the bank racked up more than 3 billion in costs related to a fake accounts scandal and boosted loan loss reserves for a potential economic slowdown. The bank39;s shares were down 2.6 in premarket trade. Provision for […]
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BlackRock Quarterly Profit Slips on Lower Fee Income

Jan 13 Reuters BlackRock Inc reported an 18 drop in fourthquarter profit on Friday, hit by a global market rout that squeezed fee income. The world39;s largest asset manager posted adjusted earnings of 1.36 billion, or 8.93 per share, in the three months to Dec. 31, down from 1.65 billion, or 10.68 per share, a year […]
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BofA Profit Beats Estimates as Higher Rates Bolster Interest income

Jan 13 Reuters Bank of America Corp reported a biggerthanexpected fourthquarter profit on Friday, helped by a surge in net interest income as the U.S. Federal Reserve raised rates through most of last year. The 39;higherforlonger39; rate environment to battle decadeshigh inflation has underpinned profits at consumer banks, with analysts expecting those gains to peak in […]
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