Interest income bump lifts US Bancorp in the first quarter
U.S. Bancorp (USB) reported first quarter earnings of $0.96 per share, beating street estimates driven by bump in interest income...
Finance
Active trading lifts Morgan Stanley results in Q1
Morgan Stanley (MS) — the last major investment bank to report earnings — soundly exceeded market expectations during the first quarter...
Goldman Sachs tops estimates; profit jumps 25%
Multinational investment banking titan Goldman Sachs (GS), which has been trying to recover its foothold in its critical trading units...
Amex Earnings Preview: Will the new CEO deliver?
American Express (AXP) is expected to reports its first-quarter results on April 18th after the closing bell. The company’s stock...
Bank of America posts 38% jump in EPS
Multinational financial services firm Bank of America (BAC) topped analyst expectations by posting a 30% growth in its profit during...
Customer abuse: Wells Fargo may revise down Q1 numbers over $1-bln fine
For the last several years, Wells Fargo (WFC) has been making news for all the wrong reasons. During the long-drawn...
JPMorgan trades in red despite record results in first quarter
JPMorgan Chase (JPM), the biggest U.S. bank by assets, reported record revenue and profits in the first quarter aided by...
Wells Fargo tops Q1 estimates as profit jumps 5.2%
Bank holding company Wells Fargo (WFC), which has been under probe by many federal and state regulators for the last...
Citigroup Q1 earnings benefit from strong trading revenues, beat estimates
Global investment banking firm Citigroup Inc. (C) reported better-than-expected earnings for the first quarter of 2018, helped mainly by a...
BlackRock’s Q1 results exceed expectations
BlackRock Inc. (BLK) reported a 16% increase in its first-quarter 2018 revenues to $3.5 billion, ahead of market expectations. Earnings...
PNC Financial Services earnings preview: All’s well here!
PNC Financial (PNC) will kick-start this quarter’s bank earnings tomorrow at 6:45 AM ET and we are all ears with...
Idaho resident sues JPMorgan for charging extra on crypto purchases
JPMorgan Chase (JPM) is being sued by one of its credit cardholders, Brady Tucker from Idaho, who claims the bank...
Bank of America will no longer lend to military-style gun manufacturers
Bank of America (BAC) said it will stop loaning to gun companies that produce military-style firearms for citizens. After Citigroup...
Expect stellar earnings from banks in Q1; Capital return could be disappointing
The earnings season is around the corner, and everything seems to be going well for the banking sector. Tepid volatility...
Deutsche Bank names Sewing as new CEO
Deutsche Bank (DB) replaced its Chief Executive Officer John Cryan after failing to plug losses and prevent decline of market...
Cyber-attacks on Delta and Sears raise more questions about data security
In yet another case of online data theft, aviation firm Delta Air Lines (DAL) and store operator Sears Holding (SHLD)...
Barclays settles subprime fraud case on ‘fair’ terms, pays $2 billion in penalty
More than a decade after the subprime crisis wreaked havoc across the global financial system, skeletons are still tumbling out...
Analytics products help FactSet to report 14% revenue growth in Q2
Financial data and software company FactSet (FDS) reported splendid revenue growth for the second quarter of 2018, driven by increased...
Wells Fargo awards 35% pay hike for its CEO despite bank scandals
Wells Fargo (WFC) has given its CEO Timothy Sloan an almost 35% hike in compensation for 2017. The compensation, which...
Do we hear warning bells of a banking crisis?
The Bank of International Settlements (BIS) indicated the possibility of some countries facing a banking crisis. These countries include China,...
Tips from the housing sector to feel at home!
Across the globe, it’s everyone’s dream to have a roof over their heads — which is also one of the...