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Investors cheer Wall Street's green shoots as bank executives stay cautious

U.S. banking giants reported lackluster results for investment banking in the second quarter, but that has not stopped investors from buying their stocks as a bet on revived dealmaking. Goldman Sachs profit slumped 58% to the lowest in three years, it reported Wednesday, yet its shares climbed more than 1%. While Morgan Stanley's earnings slid 14% over a year before, they beat expectations, sending shares more than 6% higher on Tuesday.
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Source: yahoo.com

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Wall Street eyes COVID-19 Delta variant as return to office looms

-2.08% Buoying hope for a return-to-normal has been expected as the efficacy of the new COVID-19 vaccines has been well telegraphed, but the spread of the more contagious Delta variant of the virus, and some mounting "breakthrough" cases of vaccinated people testing positive for the virus, has caused top bank officials to at least think about adjusting their plans for office work, people at these banks tell FOX Business.ย  Press officials for JPMorgan, Goldman Sachs and Morgan Stanley had no co...
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