JPMorgan Chase (NYSE:JPM), the nation’s largest bank, sent Wall Street giants lower Monday after the company said it expects a 20% slide in fixed-income and equity revenue vs. a year earlier. The forecast underscores big banks’ struggles with growth in a post-financial-crisis world of increased capital requirements and government scrutiny. JPMorgan Chase & Co. (NYSE:JPM) shares after opening at $53.88 moved to $54.74 on last trade day and at the end of the day closed at $54.22. Company price to sales ratio in past twelve months was calculated as 3.92. JPMorgan Chase & Co. (NYSE:JPM) showed a negative weekly performance of -2.29%.
Barclays Plc(ADR) (NYSE:BCS) said a collapse in investment bank revenue had hit first-quarter profit and was still hurting income in April, throwing a spotlight on an overhaul of the flagging business due to be unveiled in two days by the British bank. Barclays PLC (ADR) (NYSE:BCS) shares fell -0.58% in last trading session and ended the day on $17.28. BCS return on equity ratio is recorded as -0.20%. Barclays PLC (ADR) (NYSE:BCS) yearly performance is 3.10%.
HSBC Holdings plc logo Deutsche Bank reissued their hold rating on shares of HSBC Holdings plc (NYSE:HSBC) in a research note released on Tuesday morning, Analyst Ratings News reports. HSBC Holdings plc (ADR) (NYSE:HSBC) shares moved down -0.43% in last trading session and was closed at $50.85, while trading in range of $50.48 – $50.86. HSBC Holdings plc (ADR) (NYSE:HSBC) year to date (YTD) performance is -6.02%.
AltaLink L.P. (AltaLink) announced that Berkshire Hathaway Energy Inc. (NYSE:BRK.A) has reached an agreement to purchase SNC-Lavalin’s equity in AltaLink. Pending regulatory approval from the Alberta Utilities Commission (AUC), Berkshire Hathaway Energy will hold 100 per cent of the equity ownership of AltaLink. Under the terms of the agreement, Berkshire Hathaway Energy will purchase AltaLink for an estimated C$3.24 billion. The regulatory process is expected to close in late 2014 or early 2015. On last trading day company shares ended up $189,790.00.
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