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…
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.…
‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September
Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…
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…
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…
Inflation falls 0.1% in June from prior month, helping case for lower rates
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for…
