Higher interest rates hurt earnings of regional banks in the second quarter, mirroring big banks.
The Greek government is widely expected to return to the bond market soon although Athens isn't saying much.
Jim Cramer speeds through his take on callers' favorite stocks, including the stock of a video game retailer.
NEW YORK— Credit card company American Express said its second-quarter profit fell 33 percent, largely due to the fact that it had a significant one-time gain last year tied to the winding down of its business relationship with Costco. American Express' results for the quarter were distorted by the fact that in the second quarter of 2016, the company ended its...
Beyond just trading of stocks and bonds, there's a much more important growth engine emerging.
After an overhaul of its bond trading business two years ago, Morgan Stanley is beating rival Goldman at its own game.
The dynamics of US banks hold lessons for executives in banks based in Europe and elsewhere, Financial Times reports.
Morgan Stanley reports second quarter earnings that soundly top expectations, helped by profits from its wealth management business.
Marty Mosby, Vining Sparks director of bank & equity strategies, and Anton Schutz, Mendon Capital portfolio manager, discuss the earnings releases from the big banks and what's expected for the financial sector for the rest of the year.
NEW YORK— Investment bank Morgan Stanley said its second-quarter profit rose 11 percent from a year ago, and the bank's trading desks were able to outmaneuver its rivals in a quiet market. After the bank's major competitors— Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America— all reported declines in trading during the period, many expected the same from...
Jim Cramer explains how gridlock in the nation's capital is affecting how the market is responding to earnings season.
NEW YORK— Consumer banking giant Bank of America reported a 10 percent rise in second-quarter profits on Tuesday as gains from higher interest rates were more than enough to offset a drop in trading revenue. Like its competitors, Bank of America benefited from rising interest rates. Because of its large consumer banking division, Bank of America's fortunes, as...
Jim Cramer looks ahead to the important stocks and events of a week that he says will define the rest of the quarter.
Brian Kelly, founder and CEO of “The Points Guy,” speaks about Citi ramping up benefits for its Prestige card to compete with other rewards credit cards.
Bank stocks could see further upside if the yield curve steepens and inflation picks up, says Strategic Wealth Partners' Mark Tepper.
Kensho tracks Citigroup activity after it beats Walls Street estimates.
Some of the names on the move ahead of the open.
Earnings season picks, and that will likely have a big impact on the stock market. Here are some names to watch. Plus, a word of caution.
Stocks rose to record levels on Friday as earnings season kicked off.
Jason Goldberg, managing director and senior equity analyst at Barclays, and Stephen Scouten, managing director of equity research at Sandler O'Neill, discuss the financial sector and if regional banks are a better bet.