JPMorgan Chase directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 4 percent bump from the prior year. » Read More
China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves.
Because Snap is one of the only major IPOs in the pipeline, bankers are "struggling to generate fees," the Wall Street Journal reported.
Financials may have pared back some of their gains, but all signs point to a positive outlook, Dick Kovacevich said.