Banks
Stocks making the biggest moves midday: Twitter, Bank of America, Charles Schwab and more
In this photo illustration, the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. Chesnot | Getty Images Check out the companies making headlines in midday trading. Twitter — Shares rose 3.4% after Twitter announced Friday that the board adopted a limited duration shareholder rights […]
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Bank of America profit tops estimates as lender releases reserves for soured loans
Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America reported first-quarter earnings before the opening bell Monday. Here are the numbers: Earnings: 80 cents a share vs 75 cents a share Refinitiv estimate. Revenue: $23.33 billion vs […]
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Jamie Dimon, other JP Morgan executives donated to centrist Democrat Kyrsten Sinema
JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters J.P. Morgan Chase CEO Jamie Dimon and other executives from the bank contributed to the campaign of centrist Democratic Sen. Kyrsten Sinema, who has opposed key […]
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Biden to nominate Michael Barr as Fed bank regulator in second attempt to fill post
Michael Barr, assistant secretary for financial institutions with U.S. Treasury, speaks during the Advisory Council on Financial Capability meeting at the Treasury Department in Washington, D.C., Nov. 30, 2010. Andrew Harrer | Bloomberg | Getty Images President Joe Biden will nominate Michael Barr, a former Treasury Department official, to be the Federal Reserve’s top regulator […]
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Citigroup tops earnings estimates on better-than-expected trading revenue
Jane Fraser, incoming CEO of Citigroup. Citigroup Citigroup topped expectations for first-quarter profit and revenue on better-than-expected trading results as Wall Street benefited from surging volatility tied to the Ukraine war. Shares rose 2% in trading on Thursday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of […]
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Goldman Sachs tops analyst estimates as trading desks crush expectations amid surging volatility
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs posted first-quarter results that blew past expectations as its traders navigated a surge in market volatility sparked by the war in Ukraine. Here’s are the […]
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Morgan Stanley earnings top estimates fueled by trading revenue gains
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley on Thursday reported first-quarter earnings that surpassed Wall Street expectations, thanks to the bank’s solid revenue gains from trading. Shares of the New York-based bank jumped more […]
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Wells Fargo shares fall as quarterly revenue misses estimates, bank says credit losses to increase
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending, but beat earnings expectations as the bank decreased its credit reserves. Wells Fargo shares lost 3% in premarket trading. Here are […]
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Goldman Sachs picks its top chip stocks to play a new supply chain trend — including one it says has upside of over 60%
As the global semiconductor supply chain gets more local, Goldman names the stocks that could benefit. Source
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India’s central bank pivots focus from growth to fighting inflation as prices rise
Customers browsing through goods at a store on the outskirts of New Delhi, India, in February as prices continue to rise, with inflation figures for March nearing 7%. Anindito Mukherjee/Bloomberg via Getty Images | Bloomberg | Bloomberg | Getty Images Inflation in India is up sharply and signs point to a continuing upward trend, analysts […]
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