Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.
Citigroup shares rise after bank reports better-than-expected earnings on strong trading results
Citigroup reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue.
JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit
„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.
China says the latest U.S. move is aggravating tensions in the South China Sea
The U.S. State Department said Monday that „Beijing’s claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them.“
JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit
„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.
Citigroup shares rise after bank reports better-than-expected earnings on strong trading results
Citigroup reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue.
Delta cuts summer flying as demand stalls due to coronavirus, posts $5.7 billion quarterly loss
Delta deepened its losses because of the coronavirus pandemic.
Wells Fargo shares tumble 8% after posting $2.4 billion loss, dividend slashed to 10 cents
Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.
Bank earnings will deliver an upside surprise and help boost market, top strategist Art Hogan predicts
National Securities‘ Art Hogan is optimistic bank earnings will come in better than expected and help lift stocks.
Australian Dollar Fundamental Forecast for Q3 2020
A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this year.