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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

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

Stocks making the biggest moves midday: Wells Fargo, JPMorgan, AT&T, Carvana and more

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

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

JPMorgan Chase and Morgan Stanley said Friday that they were boosting both dividend payouts and share repurchases, while rivals Citigroup…
Finance

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant bank’s recent…
Finance

Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work

Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take…
Finance

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American…