Financials – Charm

Strong bank earnings, bad loans, spinoff prep, and Dreamforce wrap

Cs news11 months ago11 months ago014 mins

The stock market rebounded this week after seesawing on concerns about U.S.-China trade, the ongoing federal government shutdown, and credit. For the week, the S & P 500 and tech-heavy Nasdaq jumped 1.7% and 2.1%, respectively, after each lost more than 2% the prior week. Late in the week, trade and the shutdown took a…

BlackRock’s move into new markets pays off, sending shares to a new high

Cs news11 months ago11 months ago012 mins

BlackRock’s better-than-expected quarterly results Tuesday helped push the stock to a fresh record high. The market sees what we see: The asset manager’s pursuit of growth beyond lower-cost stock and bond funds is bearing fruit. Revenue in the third quarter rose 25% year over year to $6.51 billion, topping the $6.22 billion estimate, according to…