News Highlights: Top Financial Services News of the Day

02/27/18 11:15 AM EST
JPMorgan Says Tax Changes Will Lead to Higher Profitability 

JPMorgan Chase says it is optimistic about 2018 and the impact the new U.S. tax law will have on its financial outlook, moving a key profitability metric to roughly 17% compared with its prior target of 15%.

Powell Says Fed Is on Track to Continue Gradual Rate Increases 

Federal Reserve Chairman Jerome Powell said the central bank remains on track to gradually raise short-term interest rates to keep the economy on an even keel, in prepared congressional testimony.

Goldman Sachs, Adviser to the Elite, Wants to Be Your Main Street Banker 

Goldman Sachs is hunting for growth in businesses it once dismissed as pedestrian, such as car loans, insurance and wealth management for the masses, as its traditional sources of strength stall.

CFTC Steps Up Enforcement Against Fraud, Manipulation 

U.S. derivatives regulators are expected to file "more than 10" fraud and market-manipulation cases in the next weeks as the Commodity Futures Trading Commission chairman implements his back-to-basics approach.

Dividends Climb as Does Competition From Bonds Yields 

Dividend boosts from an array of companies come as firms report some of their best earnings and sales in years, supporting the nearly nine-year bull run in stocks. But rising bond yields threaten to diminish the allure of high-dividend stocks.

Japanese Are Selling U.S. Bonds Over Budget, Dollar Fears 

Some Japanese investors say they are shifting toward selling U.S. Treasury bonds and other dollar-based debt after fears have picked up in recent weeks that the Trump administration's budget and other policies add up to a weak dollar.

India's Hot Bond Yields Put Chill on Debt 

Yields on 10-year Indian government bonds have climbed nearly half a percentage point since late December, exposing a rift between the central bank and the financial institutions it governs.

Standard Chartered Returns to Profit, Resumes Dividend 

Standard Chartered swung to a net profit for 2017 and resumed dividend payments, as Chief Executive Bill Winters said a yearslong overhaul is paying off.

AIA Is an Insurer to Back in China 

Hong Kong-based AIA's earnings surged last year thanks to its rapid growth in mainland China.

Hedge Funds Win Big From Comcast's Move for Sky 

Hedge funds that amassed stakes in Sky over recent months are enjoying a bumper payday following Comcast's surprise move for the U.K. broadcaster.


(END) Dow Jones Newswires

February 27, 2018 11:15 ET (16:15 GMT)

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