Several European banks have proved their mettle amid the continent's financial turmoil and are well-positioned for long-run growth, says Janus Overseas manager Brent Lynn.
Morningstar markets editor Jeremy Glaser reads the fortunes for investment and traditional banks, eBay, Apple's digital textbook push, and more.
Friday's settlement helped clarify an opaque credit default swap market. (10/10/08)
Investment banking and declining delinquencies helped power strong results for J.P. Morgan and B of A, but uncertainty in the housing market and broader economy still loom, says Morningstar's Jaime Peters.
No financial advisors will be impacted, but some of the cuts may impact the support areas for the wealth business, a person familiar with the situation said.
The cuts focus on institutional operations, such as investment banking and trading activities at the wirehouse.
Royal Bank of Canada, the first Canadian lender to report fourth-quarter results, said profit rose 22 percent on higher trading and investment-banking fees, beating analysts' estimates.
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