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Lekha Gupta
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- Why Deutsche Bank Shares Are Trading Lower Today16 Jun 2023—yahoo.comDeutsche Bank (NYSE: DB) shares are trading lower by over 3% after the CFO reportedly estimated a 15%-20% decline in Q2 2023 fixed-income trading revenue at a conference Paris hosted by Goldman Sachs yesterday. The CFO Jacob von Moltke stated that Q2 fixed income trading revenue is facing a tough comparison versus an unusually strong Q1 and Q2 2022. Also, he expects investment bank division revenue to decline by 15% or a little worse Y/Y in Q2. Also Read: Deutsche Bank Streamlines Mortgage...
- Why Charles Schwab Shares Are Trading Higher Today17 Apr 2023—yahoo.comCharles Schwab Corp (NYSE: SCHW) reported Q1 net revenues of $5.11 billion, up 10%, missing the consensus of $5.15 billion. Net interest revenue increased 27% Y/Y to $2.77 billion, with net interest margin expanding 81 basis points Y/Y. Although the bank witnessed a dip in the average daily pace of bank sweep movements from January to March 2023, it benefitted from higher asset yields from the Federal Reserve's tightening program in the quarter. Also read: Charles Schwab's Q1 Earnings...
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