JPMorgan Chase, the nation’s largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.
Kategorie-Archiv: CNBC Financial News
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank’s investment banking and trading operations.
Wells Fargo earnings top estimates even as lower interest income cuts into profits
Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.
JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.
Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Halio’s new role encompasses authority over the firm’s more than $1.6 trillion balance sheet. She’ll report to Chief Financial Officer Denis Coleman.
‚Lose-lose situation‘: New Swiss bank laws could derail UBS‘ challenge to Wall Street giants
Switzerland’s new banking regulations create a „lose-lose situation“ for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors.
China’s commercial property segment is seeing some bright spots amid a slump in the wider realty sector
China’s commercial property sector is seeing pockets of demand amid an overall real estate slump.
The ’supercore‘ inflation measure shows Fed may have a real problem on its hands
Bringing down inflation is being frustrated by sticky services prices. Experts say the Fed may have a meaningful problem on its hands.
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate
The Fed released the minutes from its March meeting.
New York Community Bank’s online arm is paying the nation’s highest interest rate
NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.