The company revised downward its third-quarter net income to $2.8 billion from $3.4 billion.» Read More
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.
Cramer has been skeptical of the financials lately. However, he's not skeptical of all financials.
The financial sector touched nearly a 5-time high today after better than expected earnings from Wells Fargo and JPMorgan. Discussing options actions is Brian Stutland, Stutland Volatility Group.
Jamie Dimon tells CNBC he wouldn't have left JP Morgan Chase "high and dry" if the board had voted to split his chairman and CEO roles, despite reports that he had planned to leave.
Tax services provider H&R Block said it will sell its banking assets to a unit of Republic Bancorp as it looks to avoid a sharp rise in costs because of stricter banking rules.
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks.
Wal-Mart Stores will sell Twinkies in all of its domestic U.S. stores starting at midnight on July 14th—a day earlier than when Hostess snacks rolls out all its products.
"I think Wells Fargo reported a great quarter," said David Hilder, Drexel Hamilton analyst, providing perspective on the big bank's earnings beat, as shares slipped before the opening, following the news.
"For the life of me, I do not understand... why anyone would want to recreate the very companies that caused the past financial crisis," declared Dick Kovacevich, former chairman & CEO at Wells Fargo, sharing his views on breaking up big banks and the future of financial institutions.
Bart Chilton of the Commodities Futures Trading Commission explains why he is pushing for new regulation of banks doing business overseas.
JPMorgan reported a 31 percent rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another "London Whale" derivatives loss.
Christopher Whalen, Carrington Investment Services, provides perspective on pending bipartisan legislation that would separate traditional banking activity from riskier financial services. Also a look at how the financial sector will fare in the third quarter.
King Lip, CIO of Baker Avenue Asset Management is bullish on U.S. financials especially JP Morgan. David Kuo of the Motley Fool Singapore joins in the discussion.
The Bank of Japan is set deliver its biannual economic Outlook Report, which may offer clues about the central bank's next move.
The company revised downward its third-quarter net income to $2.8 billion from $3.4 billion.
A senior Jefferies banker is on leave after intense publicity around salacious allegations made by his wife.