Citigroup reports 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…
Wells Fargo shares rise after third-quarter results top Wall Street expectations
Wells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates…
JPMorgan Chase tops profit expectations on higher rates, benign credit
JPMorgan Chase on Friday topped analysts’ estimates for third-quarter profit and revenue as the bank generated more interest income than…
Interest rates take center stage with banks set to report quarterly results
Bank stocks remain under pressure due to high interest rates as financial firms like Club holdings Wells Fargo (WFC) and…
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
American banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking margins and rising loan…
Leon Cooperman expects very little from the market and is only interested in individual stocks
Billionaire investor Leon Cooperman said he remains a bear with little interest in the broader stock market, partly because it’s underestimating the…
Consumer prices rose 0.4% in September, more than expected
Prices that consumers pay for a wide variety of goods and services increased at a slightly faster-than-expected pace in September,…
Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show
Federal Reserve officials at their September meeting differed on whether any additional interest rate increases would be needed, though the…
