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Prologis reported third-quarter core FFO of $1.60 per share and raised its development-starts guidance. The company said it remains on track for $15 billion in capital activity this year.
(Adds more context throughout; adds fresh quote from Goldman in paragraphs 4 and 8; adds context on credit quality in paragraph 11; fresh Wells Fargo quote in paragraph 12) JPMorgan says investment banking slowdown emerged in second half of September Goldman Sachs' fixed income, currency and commodities revenue fell 1%
The CEO cited strong corporate earnings growth and a “very resilient” labor market despite crosscurrents.