Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

„Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy,“ CEO Jamie Dimon said.

Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

Delta deepened its losses because of the coronavirus pandemic.

Citigroup reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue.

National Securities‘ Art Hogan is optimistic bank earnings will come in better than expected and help lift stocks.

New Hampshire is investigating Merrill Lynch and at least one former top broker over alleged churning of customer accounts.

Tesla’s valuation has ballooned this year as shares continue their record climb.

It’s common for initial public offerings to include minority-, women- and veteran-owned business enterprises as underwriters.

PepsiCo reported that quarterly revenue fell after fewer consumers bought its drinks at restaurants and convenience stores during the coronavirus pandemic.