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Morgan Stanley tops estimates on stronger-than-expected trading and investment banking

Morgan Stanley said second-quarter profit and revenue topped analysts’ estimates on stronger-than-expected trading and investment banking results. Here’s what the…
Finance

Bank of America shares jump 5% after saying net interest income rebound is coming

Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees.…
Finance

Deutsche Bank criticized by German regulator for financial reporting error

Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the…
Finance

Dimon and other Wall Street CEOs react to Trump assassination attempt: ‘Deeply saddened’ by violence

The leaders of Wall Street’s most powerful firms are speaking out to condemn the attempted assassination of former President Donald…
Finance

Goldman Sachs tops estimates on better-than-expected fixed income trading

Goldman Sachs said Monday that it topped profit and revenue estimates on better-than-expected fixed income results and smaller-than-expected loan loss…
Finance

JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher

JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.…
Finance

Wells Fargo shares tumble after net interest income falls short of estimates

Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded…
Finance

Citigroup tops expectations for profit and revenue on strong Wall Street results

Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.…
Finance

JPMorgan Chase tops second-quarter revenue expectations on strong investment banking

JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts’ expectations as investment banking fees surged 52% from…
Finance

Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers

There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the…