JPMorgan Chase stock slips after bank says CEO Jamie Dimon is selling 1 million shares
JPMorgan Chase CEO Jamie Dimon will begin to sell one million shares of the bank he runs next year, the…
Supermarket bank branches are closing 7 times faster than other locations
American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid…
Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are…
Bank of America tops profit estimates on better-than-expected interest income
Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Profit…
Goldman Sachs tops estimates on stronger-than-expected bond trading
Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts’ estimates on stronger-than-expected trading revenue. Shares of the bank…
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…
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led…
These regional banks are at risk of being booted from the S&P 500
The stock sell-off that hit regional banks this year has exposed lenders including Zions and Comerica to the risk of…
This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says
Investors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused by a blowout…
Why borrowing costs for nearly everything are surging, and what it means for you
Violent moves in the bond market this week have hammered investors and renewed fears of a recession, as well as…
