Wells Fargo earnings top estimates even as lower interest income cuts into profits
Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest…
JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came…
What to expect from bank earnings as high interest rates pressure smaller players
The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday. Ever since…
Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony…
Huawei’s profit doubled in 2023 as smartphone, autos business picked up
BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product…
