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BofA, Morgan Stanley, Schwab Post Solid Numbers In Challenging Environment: Bank Earnings Roundup
Thursday, July 16, 2020 - 10:11am | 522Read More...A mixed second-quarter earnings for financial sector stocks continued on Thursday with reports from Bank of America Corp (NYSE: BAC), Morgan Stanley (NYSE: MS) and Charles Schwab Corporation (NYSE: SCHW). The trend of strong trading revenue and large loan losses continued Thursday. Here’...
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Analyst Says Fed's Stress Test Measures An 'Earnings Issue'
Friday, June 26, 2020 - 1:43pm | 350Read More...The Federal Reserve's new restrictions on banks' ability to pay dividends and buyback shares is a "big deal," but there are still opportunities for investors, Raymond James analyst Michael Rose said on CNBC's "Worldwide Exchange." What Happened: The Fed's move to...
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Jamie Dimon Says JPMorgan Chase 'Will Earn Quite A Bit Of Money' In 2020
Wednesday, May 27, 2020 - 10:12am | 445Read More...JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon spoke during the Deutsche Bank Global Financial Services Conference Tuesday and argued the bank's stock is "very valuable" at current levels, CNBC reported. JPMorgan Will Make Money, Dimon Says A "base case" for...
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JPMorgan Option Trader Bets $4M On Downside Ahead
Wednesday, May 20, 2020 - 3:37pm | 906Read More...Shares of JPMorgan Chase & Co. (NYSE: JPM) traded higher Wednesday as traders become increasingly optimistic that a combination of Federal Reserve stimulus and a potential COVID-19 vaccine can help big banks weather the economic downturn and get back on track — even with interest...
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Big Banks: Playing A Rebound Within The Financial Sector
Tuesday, May 19, 2020 - 12:27pm | 1186Read More...The financial stocks have been hit hard since the market selloff began in February, as the economic realities of the COVID-19 pandemic began to set in. Although all 11 S&P Select Sector Indices have rebounded from their March lows, the Financial Select Sector Index is down 31.13% in 2020...
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JPMorgan Posts Q1 Sales Beat, Earnings Miss, Builds Credit Reserve For Recession
Tuesday, April 14, 2020 - 8:18am | 268Read More...JPMorgan Chase (NYSE: JPM) reported first-quarter earnings of 78 cents per share Tuesday, missing the consensus estimate of $1.84. The bank posted sales of $28.3 billion and managed sales of $29.1 billion versus the $29.67-billion estimate. “In the first-quarter, the...
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2 Pros Like Goldman Sachs Ahead Of Big Bank Earnings
Monday, January 13, 2020 - 2:01pm | 364Read More...Big banks are on deck to report quarterly results this week and two pros say one name stands out among the group: Goldman Sachs Group Inc (NYSE: GS). Newton: 'Decent Signs Of Strength' The banking sector was a "relative dog" for the first nine months of 2019, especially when the...
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Deutsche Bank To Cut 18K Jobs In 'Most Fundamental Transformation' In Decades
Monday, July 8, 2019 - 8:18am | 408Read More...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...
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Pro: Scrap The 10-Year Yield In Favor Of These 2 Stocks
Tuesday, May 28, 2019 - 11:25am | 362Read More...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...
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Citigroup Analyst Says Digital Push Should Lift Operating Profit
Tuesday, May 14, 2019 - 3:20pm | 386Read More...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...
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Bank Of America Reports Record Q1 Earnings
Tuesday, April 16, 2019 - 8:36am | 427Read More...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...
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Citi's Stock Seesaws After Mixed Q1 Earnings
Monday, April 15, 2019 - 8:24am | 339Read More...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....
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Goldman Sachs Reports Mixed Q1 Earnings
Monday, April 15, 2019 - 8:19am | 320Read More...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...
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Wells Fargo Reports Q1 Earnings Beat, Stock Ticks Higher
Friday, April 12, 2019 - 8:31am | 385Read More...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...
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JPMorgan Trades Higher After Q1 Earnings Beat, Record Revenue
Friday, April 12, 2019 - 8:25am | 392Read More...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...
