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FRANKFURT -- Commerzbank posted a worse-than-expected fourth-quarter operating loss on Tuesday, hit by a weak trading result and higher loan loss provisions.
"If the current turbulent conditions prevail throughout the quarter, UBS will probably see a very weak trading result in the investment bank, offset by predictable earnings from wealth and asset management," UBS said as it reported its second-quarter earnings.
The company's chairman, Neil Johnson, said: "Christmas sales were encouraging after a period of slow sales in the UK during the summer of 2006 and we therefore expect to report a satisfactory trading result for the current financial year.
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Without JPMorgan's trading results, Mr. Gruenberg said.
"Our trading results remain steady but flat".
But trading results perhaps told the story best.
That was apparent in Bank of America's trading results.
The trading resulted in nearly $119 million in losses for Goldman.
Similarly, the 3DE business is not consolidated with the trading results of Luminar, and there is no impact on the operational trading results of the group".
"Temporary weakness" in trading results at the banking business was offset by cost cuts, Allianz said.
As 2013 came to an end, Tesco plc was faced with some truly horrible trading results.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com