Citigroup Inc
Citigroup is about to report 2nd-quarter earnings
Crucial Points Citigroup was just this week rebuked for failing to handle its regulatory shortfalls, so analysts will be keen to inquire CEO Jane Fraser about her long-running efforts to tackle the concern. Very last year, Fraser announced strategies to simplify the management composition and lower fees at the 3rd-major U.S. bank by assets. But […]
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JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall […]
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Inventory futures open reduced as investors await inflation data, earnings this 7 days: Are living updates
Traders work on the floor of the New York Stock Trade. Michael M. Santiago | Getty Photos Stock futures edged lower Sunday night as investors await important inflation data for even further clues on the longevity of this year’s industry rally. Earnings from some major money giants and customer providers are also on the docket. S&P […]
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Inflation will be in target in the 7 days forward as shares attempt to maintain all-time highs
Some key inflation readings in the 7 days ahead could bolster the scenario for a September fascination charge reduce, as buyers deliberate how very long shares can sustain their rally to report highs. Immediately after a rocky begin to the year, a a short while ago bettering inflation image has traders hopeful the Federal Reserve […]
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JPMorgan and Morgan Stanley enhance buybacks and dividends, even though Citigroup and BofA get more compact techniques
Important Points JPMorgan claimed it was increasing its quarterly dividend 8.7% to $1.25 for every share and that it approved a new $30 billion share repurchase plan. Morgan Stanley mentioned it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase system. Citigroup said it was boosting its dividend […]
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JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant […]
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Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work
Bing Guan | Bloomberg | Getty Images Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over thousands of hours of labor for the bank’s financial advisors. The assistant, called Debrief, keeps detailed logs of advisors’ meetings and automatically creates draft emails and summaries […]
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Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of […]
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How immigrants are helping to keep job growth hot while inflation cools
U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | Reuters Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. The effect […]
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Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license
A mockup of what Revolut’s new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup. Revolut British financial technology firm Revolut announced Thursday that it’s planning to move its […]
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