Citi rebuilding gathers steam; investment banking gets a facelift
The corporate and investment banking division of Citigroup (C) will soon cease to exist as an independent unit. According to...
Finance
American Express slides on forex pricing probe by FBI
American Express (AXP) remained grounded on Wednesday and turned down further just an hour before market close as a report...
Wells Fargo employees face action for doctoring dinner receipts
Financial services giant Wells Fargo (WFC) has found itself in the center of yet another scandal involving its employees this...
Berkshire Hathaway invests in Indian e-payment firm
Warren Buffet’s Berkshire Hathaway (BRK.A) is looking towards the east now, to India. The company has reportedly bought a stake...
Intuit Q4 results beat; stock falls on CEO exit, weak guidance
Earnings of payroll solutions provider Intuit Inc. (INTU) increased in the fourth quarter and exceeded estimates. The company also provided...
Royal Bank of Canada Q3 profit jumps 11%
Royal Bank of Canada (RY) reported an 11% increase in earnings for the third quarter driven by benefits from North...
S&P 500 reaches new peak amid bullish market sentiment
Continuing the epic bull-run, the S&P 500 index set a new intraday record Tuesday as companies keep on drawing inspiration...
Amazon forays into new realms, this time insurance and theatres
Amazon (AMZN) doesn’t like to stay idle. This week, the company announced its plans to enter two completely different sectors...
Citi Cards chief Jud Linville steps down amid reorganization
Banking behemoth Citigroup (C) has embarked on a reorganization to ‘harmonize’ its global consumer banking businesses. As part of the...
New Goldman CEO picks Jim Esposito as co-head of equity division
After reporting excellent earnings and revenue numbers for the second quarter, Goldman Sachs (GS) is taking forward the management reshuffle...
MoneyGram stock hits new yearly low after weak outlook
MoneyGram International (MGI) stock hit a new yearly low of $5.86 on Friday after showing signs of weakness in revenue...
Square’s loss narrowed, weak Q3 profit outlook remains a concern
Square (SQ) reported stellar results for the second quarter beating analyst estimates on both earnings and revenue front. However, earnings...
Mastercard stock falls despite Q2 earnings beat
A marked increase in revenues lifted Mastercard’s (MA) earnings, which surpassed analysts’ forecast in the second quarter. However, shares of...
PayPal’s stock tumbles despite earnings beat
PayPal (PYPL) which has been on an acquisition hunt in the last two months reported its second-quarter results after the...
Visa shares surpass 52-week high on strong Q3 results
Credit card giant Visa (V) reported upbeat results for its third quarter ending June 30, 2018. The company’s shares, which...
Earnings preview: Long-term prospects make Mastercard a sure bet
Mastercard (MA) has been quite successful in closing the gap with rival and industry leader Visa (V) in recent years,...
KeyCorp beats in Q2 helped by loan growth
Regional bank KeyCorp (KEY) posted earnings of $0.44 a share in the second quarter, topping analysts’ estimate of $0.42 a...
American Express misses on topline; Shares fall 3%
American Express Company (AXP) reported revenues of $10 billion for the second quarter of 2018, an increase of 9% from...
U.S. Bancorp tops Q2 earnings estimate
Minneapolis-based U.S. Bancorp (USB) reported Q2 profit that beat analysts estimate. Revenue, however, didn’t meet the consensus estimate. During the...
Morgan Stanley shares surge after Q2 earnings beat
Shares of Morgan Stanley (MS) rose in the pre-market hours Wednesday after the company smashed past analysts expectations during Q2...
Goldman Sachs tops estimates; profit jumps 44%
Multinational investment banking titan Goldman Sachs (GS), which named its operating chief David Solomon as successor to executive chief Lloyd...