In an exclusive CNBC interview, Kenneth Jacobs, Lazard, chairman & CEO discusses the financial crisis, the global economy and CEO confidence. Jacobs says, "CEO confidence is a factor of the real economy." CNBC's Kayla Tausche reports.» Read More
JPMorgan Chase wants to settle accusations by the Federal Energy Regulatory Commission that it gleaned profits from power plants via “manipulative schemes.”
UnitedHealth reported quarterly earnings that surpassed analysts' expectations on Thursday.
American Express beat Wall Street earnings expectations for the second quarter, as the company's members spent more.
Bank of America reported a 70 percent jump in profits. CNBC's Kayla Tausche reports mortgage origination jumped 6 percent this quarter, which is better than its peers JPMorgan and Citigroup.
Bank of America, the second-biggest U.S. bank by assets, reported a better-than-expected 70 percent jump in second-quarter profit, helped partly by lower operating expenses.
Jeffery Harte, Sandler O'Neill, breaks down the big banks quarterly numbers and weighs in on what it indicates about the banking space.
Spend five minutes in Cuba, and it is obvious the country needs investment, but a large chunk of money will have to come from overseas—if the Cuban government allows it.
Wall Street's blowout quarter for big-bank earnings comes in the shadow of a daunting specter—An onslaught of potential Washington regulation that could put a major dent in profits.
"The upside really was in their investing in lending segment," explains Roger Freeman, Barclays analyst, with the play on the banking giant's second quarter numbers.
Goldman Sach's reported second quarter earnings of $3.70 per share versus $2.82 estimates on revenues of $8.61 billion. Marty Mosby, Guggenheim Partners analyst, provides instant reaction to the big bank's quarterly numbers and what it indicates about the banking sector.
Morris Reid, managing director at BGR Group, explains why the EU-U.S. trade talks will be "extremely good" for the U.S., but how it will try to keep its "edge" when it comes to the financial sector.
Citigroup reported a 26 percent increase in profit, with CNBC's Simon Hobbs.
As the stock market advanced near all-time highs on Monday, professional traders said it's the strength in the financial sector that could send stocks even higher.
CNBC's Kayla Tausche breaks down the Citigroup's earnings report, which says "emerging markets are still a strong suit." Mike Mayo, CLSA bank analyst, joins the traders in a "Halftime" exclusive to share his top bank pick. "If Citigroup can go boring, they can go much higher" says Mayo.
The Libor scandal is under the spotlight once again, as two U.K. brokers have been charged with conspiracy to defraud and are set to face court, in what could be the first case of the global rate rigging scandal to go to trial.
Wall Street has been too bearish on several key financial stocks this quarter, CNBC's Jim Cramer said, and short sellers are the latest victims of these "horrendous" trades.
These two stocks have been underloved by the market for too long, and now shorts will have to rethink their position, said Jim Cramer.
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell. Today, Cramer explains why he is keeping an eye on banks.
Christine Short, global markets intelligence senior manager at S&P Capital IQ, expects financial and consumer discretionary stocks to be the big winners of this U.S. earnings season.
Greece's bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche Greece's bailout.
In an exclusive CNBC interview, Kenneth Jacobs, Lazard, chairman & CEO discusses the financial crisis, the global economy and CEO confidence. Jacobs says, "CEO confidence is a factor of the real economy." CNBC's Kayla Tausche reports.
Discussing the Volcker Rule and the improvements made to make the legislation stronger, with CNBC's Rick Santelli and Sheila Bair, former chair of the FDIC.
The FDIC has voted unanimously to approve the Volcker Rule. CNBC's Eamon Javers details the compliance issues.