KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
The big six U.S. banks — JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — mostly beat expectations in Q2, showing resilience despite macro headwinds. All outperformed the broader market this year, except Bank of America , which slightly lagged. JPMorgan (JPM) Net interest income (NII) rose +2% YoY Investment banking up +7% , despite prior guidance suggesting a decline Raised NII forecast to $95.5B (from $94.5B) Outlook: Solid execution, still the sector bellwether Bank of America (BAC) NII rose +7% , helped by interest rates and trading gains Investment banking lagged, leading to mixed overall results Missed some Street expectations despite positive segments Outlook: Resilient, but trailing peers in core growth areas Wells Fargo (WFC) NII fell -2.6% , missing forecasts Blamed on asset mix shift to lower-yield businesses Bank to focus on ...