JPMorgan Chase & Co
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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European stocks rise as ECB confirms end of bond buying; Ericsson down 5%
The pan-European Stoxx 600 nudged 0.5% higher by mid-afternoon, with travel and leisure stocks gaining 2.5% while telecoms dropped 0.4%. The ECB kept its monetary policy unchanged but confirmed it will end its bond buying in the third quarter. Once the bond buying program is completed, the ECB is expected to begin hiking interest rates, following […]
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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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Look for durable stocks to weather this ‘hyper-confusing moment’ in the market, Jim Cramer says
CNBC’s Jim Cramer on Wednesday advised investors to find stocks that can perform well in any market environment. “This is a hyper-confusing moment, but I want you to search for stocks that can work long-term regardless of whether we’re in the best of times, the worst of times, or both,” the “Mad Money” host said. […]
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Investing Club: What to look for when Wells Fargo and Morgan Stanley report earnings Thursday
JPMorgan shares took a hit after reporting a miss on Wednesday. But the reasons why investors sold JPM don’t necessarily extend to Wells Fargo and Morgan Stanley. Source
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Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy later this year
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images The risk that the Federal Reserve accidentally tips the U.S. economy into recession as it combats inflation is rising, according to […]
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Stocks making the biggest moves midday: JPMorgan, Delta Air Lines, PayPal
The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares fell 3.5% as JPMorgan Chase reported a $524 million hit from market dislocations […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures flat after Tuesday’s intraday reversal Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were essentially […]
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JPMorgan downgrades CarMax, saying ‘sticker shock’ will continue to hurt sales
Skyrocketing vehicle prices have hard-hit consumers and the situation will only get worse in the near term for car retailers like CarMax. Source
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JPMorgan Chase reports $524 million hit from market dislocations caused by Russia sanctions
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: Earnings: $2.63 a share (unclear if comparable to $2.69 estimate). […]
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