big banks

Germany's Deutsche Bank AG (NYSE: DB) confirmed over the weekend it will eliminate 18,000 jobs by 2022 to save 17 billion euros ($19 billion USD). What To Know Deutsche Bank plans on eliminating its global equities sales and trading business and cut back its investment banking business to...

Investors looking for safety in the 10-year Treasury may want to reconsider their investment thesis and buy two major Wall Street bank stocks instead, according to Mark Tepper, the president and CEO of the wealth management firm Strategic Wealth Partners. What Happened The U.S. Treasury yield...

Citigroup Inc (NYSE: C) is betting big the future of banking is digital, and consumers appear to agree with the strategy, according to The Wall Street Journal. Citigroup is shrinking its physical footprint and focusing on offering a complete digital banking experience, WSJ said. The focus...

Bank of America Corp (NYSE: BAC) Tuesday morning reported record first-quarter results. What Happened Bank of America said it earned 70 cents per share in the quarter on revenue of $23 billion versus expectations of 68 cents per share and $23.1 billion. Net income rose 6 percent from the same...

Shares of Citigroup Inc (NYSE: C) traded marginally higher after initially dipping in the red in reaction to the big bank's mixed first-quarter results. What Happened Citi said it earned $1.87 per share in the quarter on revenue of $18.58 billion versus expectations of $1.80 per share and $18....

Earnings season for big banks continued Monday morning with Goldman Sachs Group Inc (NYSE: GS) reporting mixed first quarter results. What Happened Goldman Sachs said it earned $5.71 per share in the first quarter on revenue of $8.807 billion versus expectations of $4.89 per share and $9.04 billion...

Wells Fargo & Co (NYSE: WFC) reported Friday first-quarter results that helped boost shares for the struggling bank. What Happened Wells Fargo said it earned $1.20 per share in the first quarter on revenue of $21.6 billion versus expectations of $1.11 per share and $20.99 billion. Net income...

Shares of JPMorgan Chase & Co. (NYSE: JPM) gained more than 3 percent Friday after reporting a first-quarter earnings beat. What Happened JPMorgan said it earned $2.65 per share in the first quarter on revenue of $29.1 billion versus expectations of $2.35 per share and $28.47 billion. Net...

Wells Fargo & Co (NYSE: WFC) said Tuesday that it reached an agreement to sell its Institutional Retirement & Trust business to Principal Financial Group Inc (NASDAQ: PFG). What Happened Wells Fargo is divesting its IRT business — which includes its retirement plan...

The bearish case for Wells Fargo & Co (NYSE: WFC) can no longer be justified after CEO Tim Sloan announced his retirement, according to Raymond James. The Analyst Raymond James' David Long upgraded Wells Fargo from Underperform to Market Perform with no price target. The Thesis Sloan's...

Wells Fargo & Co (NYSE: WFC) traded relatively flat Tuesday morning after the bank reported mixed fourth-quarter results. What Happened Wells Fargo said it earned $1.21 per share in the fourth quarter on revenue of $20.98 billion. The results were mixed against the Street's expectations of...

Big bank earnings season continued Tuesday with JPMorgan Chase & Co. (NYSE: JPM) catching the Street off guard with a notable earnings miss in its fourth-quarter results. What Happened JPMorgan said it earned $1.98 per share in the fourth quarter on revenue of $26.1 billion, which may not...

Fourth-quarter earnings season for big banks kicked off Monday morning with Citigroup Inc (NYSE: C)'s mixed results. Earnings Citigroup said it earned $1.61 per share in the fourth quarter on revenue of $17.1 billion, which was mixed compared to expectations of $1.55 per share on revenue of $17...

Big banks continued reporting their respective earnings reports Tuesday morning. Here is a roundup of how some of Wall Street's biggest banks performed in the third quarter. Goldman Sachs Goldman Sachs Group Inc (NYSE: GS) earned $5.02 per share in the third quarter on revenue of $8.33...

The calendar-year third-quarter reporting season is on us, with banks being the major industry group to report earnings ahead of the rest. Some high-profile names such as JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc (NYSE: C), Bank of America Corp (NYSE: BAC) and Wells Fargo & Co...