The company said it would cut up to 18,000 jobs and take restructuring charges of up to $1.6 billion.
The U.S. economy is "stronger than people think," Wells Fargo Chairman and CEO John Stumpf told CNBC on Thursday.
Morgan Stanley's earnings jumped as stronger performances by its investment banking and wealth management businesses made up for a fall in bond trading.
Some of the names on the move ahead of the open.
Microsoft is set to cut more than 6,000 jobs in an announcement expected early Thursday, as it trims its newly acquired Nokia phone business.
U.S. stock index futures traded lower on Thursday, after the announcement of fresh sanctions against Russia hurt global markets.
For over a decade, the General Motors legal department quietly worked to contain the damage of defective ignition switches.
Russian stock markets were sharply lower following the announcement of new sanctions, and analysts warned of tougher penalties on the way.
President Obama escalated sanctions against Russia on Wednesday by targeting a series of large banks and energy and defense firms.
European shares closed lower on Thursday, as investors shunned riskier assets due to a resurgence in concerns about Russia and sanctioning.
Russian President Putin warned that U.S. sanctions will take relations with Russia to a "dead end" and damage U.S. business interests.
The world has progressed in reducing poverty, but about one in five people in developing regions still live on under $1.25 a day, according to the UN.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.
The selection of Shanghai as the headquarters for the BRICS bank could hurt Indian Prime Minister Narendra Modi's domestic ratings, according to one expert.
Plans to allow greater foreign investment in Shanghai's A-share market could prove to be a game changer for investment in Chinese shares.
Cramer loves stock ideas. And he found more than his fair share at CNBC’s “Delivering Alpha” conference on Wednesday.
Jim Cramer thinks key developments in today's stock market could be telegraphing critical information about tomorrow.
The billionaire activist investors shared the stage during a surprise joint appearance at the Delivering Alpha conference.
Check out which companies are making headlines after the bell Wednesday: EBay, Yum! Brands, SanDisk & more.