Goldman Sachs may name long-term executive David Solomon as CEO
Goldman Sachs Group (GS) has reportedly identified president and chief operating officer David Solomon as successor to Lloyd Blankfein, who...
Finance
Bank of America posts EPS of 63 cents in Q2
Bank of America (BAC) reported second-quarter earnings of $6.8 billion, or $0.63 per share in Q2, topping market consensus as...
Bank stocks JPMorgan and Citi fail to impress on earnings day
JPMorgan Chase & Co (JPM) on Friday posted an upbeat profit on revenue in line with analyst consensus. However, this...
Wells Fargo slides after missing Q2 earnings
Banking giant Wells Fargo (WFC) reported downbeat results both on earnings and revenue front amid the pressure from the federal...
PNC tops Q2 earnings estimate on higher NII
PNC Financial Services (PNC) reported strong Q2 2018 results. The company smashed past consensus estimates on both the top and...
JPMorgan reports solid results for Q2 2018; beats analyst expectations
JPMorgan Chase & Co. (JPM) reported revenues of $27.8 billion for the second quarter of 2018, in line with analyst...
JD.com’s finance unit raised $2 billion in fresh equity
JD Finance — the financial arm that JD.com (JD) spun off last year — managed to raise $1.96 billion in...
JPMorgan Q2 Earnings Preview: Banking stocks might see green
JPMorgan Chase & Co (JPM) is expected to post its earnings before the markets open on Friday. This financial mammoth...
PayPal to spend $3 billion annually on M&A
PayPal (PYPL), a pioneer in the digital payments space, is serious about expanding its payments empire. Ever since PayPal parted...
Rising crypto risks warrant closer pre-investment scrutiny
There could not have been a better period than the last decade for the concept of virtual money to bloom...
Brighthouse Financial stock loses shine as it hits all-time low
Shares of Brighthouse Financial (BHF), which spun-off from Metlife (MET) in 2017, touched an all-time low of $40.22 on Wednesday...
No antitrust violation by American Express, says SC
American Express (AXP) has won the lawsuit on credit card fees, with the Supreme Court declaring that the company’s anti-steering...
Weekend roundup: Oil prices slide, gold gets a lift, dollar struggles
00:15 AM ET, New York: Here’s a roundup of the important market news from the weekend. OPEC deal hints at...
Back-to-back thefts show digital currency is no longer safe
In the second cryptocurrency theft of the month, Seoul-based exchange Bithumb on Wednesday said about $30 million worth of digital...
Facilities giant CBRE expands Israel operations amidst West-Bank concerns
The world’s largest commercial real estate services and investment firm (based on 2017 revenue), CBRE Group Inc (CBRE), has agreed...
PayPal to acquire Hyperwallet
PayPal Holdings Inc. (PYPL) has agreed to acquire Hyperwallet, a firm that specializes in payouts to sellers, for $400 million....
General Electric knocked out of Dow 30 Index; replaced by Walgreens
The troubled industrial behemoth General Electric (GE) has been kicked out of the Dow Jones Industrial Average (DJIA) index effective...
Bank jobs are at stake as automation grips the sector
After the manufacturing sector, automation is set to eat into jobs in the banking sector as well. Citigroup is reportedly...
H&R Block stock plunge 11% despite Q4 earnings and revenue beat
Tax preparation company H&R Block (HRB) topped earnings and revenue estimates for the final quarter of fiscal 2018. Consolidated earnings...
Alibaba’s fintech arm raises $14-bln in largest-ever single fundraising
Most of the big things happening in the business world in recent times are connected to China in one way...
General Electric needs a well-engineered solution to get back into shape
A freefalling stock and progressively shrinking dividend are something investors dread the most, and things turn really depressing when it...