Banks
Goldman Sachs reports earnings before market open — here’s what the Street expects
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $8.56 per share, according to LSEG Revenue: […]
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Jamie Dimon warns that inflation, wars and Fed policy pose big threats forward
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks throughout the U.S. Senate Banking, Housing and City Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon warned Friday that several problems, primarily inflation and war, threaten […]
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Citigroup tops estimates for first-quarter revenue, helped by trading results
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected trading revenue. Here’s what the company reported: Earnings: $1.58 per share, unclear if comparable […]
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Lender of England scraps outdated inflation forecasting model in important overhaul right after Fed boss’ evaluate
The exterior of the Bank of England in the Metropolis of London, United Kingdom. Mike Kemp | In Pics | Getty Visuals LONDON — The Bank of England on Friday declared a “after in a era” overhaul of its inflation forecasting next a very long-awaited review by former Federal Reserve Chair Ben Bernanke. The evaluate — initiated following criticism […]
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JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects
Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $4.11 a share, according to […]
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What to expect from bank earnings as high interest rates pressure smaller players
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday. Ever since the chaos of last year’s regional banking crisis that consumed three […]
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Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Carey Halio, Goldman Sachs’ head of strategy and investor relations, is getting promoted to global treasurer at the bank, according to people familiar with the matter. Her new role, effective June 1, encompasses authority over the firm’s more than $1.6 trillion balance sheet, with responsibilities including overseeing the firm’s liquidity, funding and capital. She will […]
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‘Lose-shed situation’: New Swiss bank rules could derail UBS’ challenge to Wall Avenue giants
Sergio Ermotti, CEO of Swiss banking giant UBS, in the course of the group’s annual shareholders assembly in Zurich on May possibly 2, 2013. Fabrice Coffrini | Afp | Getty Images Switzerland’s hard new banking laws produce a “lose-lose circumstance” for UBS and may limit its possible to obstacle Wall Avenue giants, in accordance to […]
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New York Neighborhood Bank’s on the web arm is paying the nation’s best desire price
Key Details New York Group Bank, the regional loan provider that required a $1 billion-as well as lifeline last month, is presenting the country’s optimum curiosity level for a price savings account. NYCB raised the annual percentage generate supplied by means of its online arm, My Banking Immediate, to 5.55%, higher than any other bank’s […]
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Jamie Dimon claims AI could be as impactful on humanity as printing press, electrical power and computers
Key Points JPMorgan Chase Jamie Dimon chose AI as the very first matter in his update of issues facing the most significant U.S. lender by belongings. In his annual letter to shareholders released Monday, Dimon claimed he was certain that synthetic intelligence will have a profound affect on culture. Source
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