NEW YORK — If this is the best, it may be best to forget the rest.
J.P. Morgan Chase & Co. JPM -3.88% mildly disappointed Wall Street Friday by announcing a fourth quarter in which profit dropped 23% from the same period a year ago to $3.73 billion. The earnings matched expectations that analysts had already steered lower, but revenue fell short. Read full [...]
Europe’s banks are bracing for a fresh test this month: whether they can successfully sell unsecured bonds.
The region’s banks have sold less debt in total so far this quarter than in any comparable period going back to 1996 – when their financing needs were a fraction of their current levels.
Although US companies and banks have continued to tap the market through the summer, Europe’s [...]