Citigroup Inc
Big banks are quietly cutting thousands of employees, and more layoffs are coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders […]
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Morgan Stanley is set to report third-quarter earnings — here’s what the Street expects
James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.28 a share, according to LSEG, formerly known as Refinitiv Revenue: $13.23 billion Wealth management: $6.63 billion, according to StreetAccount Trading: Equities $2.41 billion, Fixed Income […]
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CNBC Each day Open: JPMorgan’s huge income advancement is not probably to persist
The JPMorgan Chase & Co. headquarters in New York, US, on Friday, July 7, 2023. Michael Nagle| Bloomberg | Getty Images This report is from modern CNBC Every day Open, our new, worldwide marketplaces newsletter. CNBC Every day Open brings buyers up to pace on almost everything they want to know, no issue the place […]
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Stocks producing the major moves midday: Boeing, Greenback Normal, JPMorgan Chase, Netflix and far more
Check out out the businesses building the major moves midday. Boeing — Shares of the aerospace organization slipped 3%. On Thursday, Boeing mentioned it was expanding the scope of its ongoing inspection into a production defect on some aft strain bulkheads on the 737 Max 8 aircraft. Spirit AeroSystems , which builds the fuselages, was […]
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Citigroup stock jumps on better-than-expected revenue for the third quarter
Citigroup reported its third-quarter results on Friday morning, with solid growth in both institutional clients and personal banking fueling higher-than-expected revenue. Here’s what the company announced compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: $1.63, or $1.52 when excluding the impact […]
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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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Stock futures are minor modified ahead of Friday’s huge bank earnings: Live updates
Traders on the flooring of the NYSE, Oct. 12, 2023. Supply: NYSE Stock futures have been very little changed on Thursday evening as traders braced for key lender earnings. Dow Jones Industrial Common futures fell 22 details, or .07%. S&P 500 futures and Nasdaq 100 futures flickered close to the flat line. Shares of Dollar […]
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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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These shares are searching mighty low-cost likely into earnings season
The 3rd-quarter earnings period is set to kick off this week, with specific stocks buying and selling at eye-catching valuations. Delta Air Lines, Infosys and Domino’s Pizza are some of the large names scheduled to report earnings Thursday. Friday kicks off earnings for the fiscal sector, with JPMorgan Chase, Citigroup, Blackrock, PNC Fiscal Services and […]
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