Banks
JPMorgan Chase tops profit expectations as bank benefits from higher rates, benign credit
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase topped analysts’ expectations for third-quarter profit and revenue as the bank generated more interest income than expected, while credit […]
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CNBC Everyday Open: Traders spooked by sizzling inflation report
Folks stroll outdoors of the New York Stock Trade (NYSE) on September 05, 2023 in New York Metropolis. Spencer Platt | Getty Illustrations or photos Information | Getty Pictures This report is from present day CNBC Daily Open, our new, international markets e-newsletter. CNBC Every day Open up brings buyers up to velocity on every […]
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Here are 3 stocks in our portfolio that Goldman Sachs think will rally on earnings
It’s encouraging to see three Club stocks on the bullish side of Goldman Sachs’ new list of 25 tactical trades for earnings season. Asset allocation can be strategic or tactical. Strategic asset allocation generally refers to longer-term investing — think of this as your buy-and-hold approach. Tactical allocation, on the other hand, is more about […]
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Financial institution earnings kick off with JPMorgan, Wells Fargo amid concerns about mounting premiums, undesirable loans
Jamie Dimon, Chairman of the Board and Main Government Officer of JPMorgan Chase & Co., gestures as he speaks throughout an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | Reuters American financial institutions are closing out an additional quarter in which curiosity costs surged, reviving considerations about shrinking margins and […]
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Former Barclays CEO Staley fined and banned by Uk regulator over Epstein backlinks
Jes Staley, previous CEO of Barclays, arrives at the places of work of Boies Schiller Flexner LLP in New York on June 11, 2023. Bloomberg | Bloomberg | Getty Pictures LONDON — Previous Barclays CEO Jes Staley on Thursday was fined and banned from holding any position of impact in the U.K. monetary providers field […]
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While ChatGPT stokes fears of mass layoffs, new jobs are becoming spawned to critique AI
The brand of generative AI chatbot ChatGPT, which is owned by Microsoft-backed firm OpenAI. CFOTO | Upcoming Publishing via Getty Photographs Synthetic intelligence could possibly be driving worries over people’s occupation safety — but a new wave of positions are getting established that target only on reviewing the inputs and outputs of subsequent-generation AI types. […]
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Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of […]
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These regional banks are at risk of being booted from the S&P 500
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images The stock sell-off that hit regional banks this year has exposed lenders including Zions and Comerica to the risk of being delisted from the Standard & Poor’s 500 index. The banks, each with market capitalizations of around $5 […]
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Shares of UK’s Metro Bank up 26% soon after securing contemporary cash
A shut-up of a indicator of Britain’s Metro Financial institution. Matthew Horwood | Getty Images LONDON — Shares of the U.K.’s Metro Financial institution were sharply higher Monday morning, right after the financial institution on late Sunday announced it had secured a £325 million ($395.6 million) money increase and £600 million in debt refinancing. The […]
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This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Investors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused by a blowout in longer-term yields, […]
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