Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a US editor. He has worked on assignments in the major financial centres of Europe and the US and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol. Follow Antony on Twitter @AntonyMCurrie
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The automaker aims to lift pre-tax income by up to 75 pct over the next few years. With U.S. sales now close to a historic peak, it puts a bigger onus on the overseas operations, which aren’t yet fully up to speed. That may leave Ford’s hopes resting squarely on its F-150 truck.
The M&A adviser and fund manager’s bumper Q2 makes larger rivals look staid. Cost cuts are paying off, return on equity is running at an eye-popping 68 pct, and its business isn’t under the regulatory pressure being applied to big lenders. Mega-banks must feel a touch of envy.
Lending at the likes of PNC and U.S. Bancorp is up, and less cash is needed against bad loans. But low interest rates are keeping returns tepid. That raises the risk some may cut corners. It also means there may be no big earnings boom before the economy slows again.
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