Listen: Bloomberg, Jeff Bellinger And Bank Of America discussed on Bloomberg Daybreak: Europe
"Better than expected numbers. But instead of celebrating executive spent yesterday, assuring investors, they'll make more progress on revamping the units that are dragging down results. The story from Bloomberg's Charlie Pellett. Goldman posted a bigger drop in equity trading expected and warned that the investment banking boosted. God in the first quarter may not last the equity trading slump lead Goldman to a bigger decline in total trading revenue that at CitiGroup or J P Morgan Chase Citigroup's unexpected bouncing bond. Trading wasn't enough to counter a lack of growth in its sprawling consumer division. Revenue is little changed in the firm's global consumer Bank. The number of open accounts in its US. Tale banking division hasn't increase in the past year while average deposits for the unit climbed only one percent, Charlie Pellett. Bloomberg daybreak Europe. Meanwhile, the financial sector continues to be in the owning spotlight with Bank of America. Reporting today. Bloomberg's Jeff Bellinger has the preview analyst views are generally upbeat Beye ratings on the avai outnumber. Hold ratings by nearly three to two. There are no cell ratings. Moomba intelligence says the Bank likely benefited from the improved industry loan growth seen in Federal Reserve, data commercial and industrial lending has outpaced other categories. It'd be a forecasts are for Bank of America to post a profit of sixty six cents a share on revenue topping twenty three billion dollars. Jeff bellinger. Bloomberg daybreak Europe, those top stories now for the latest in global news. Here's Bloomberg's leeann guarantee 'em. Good morning."