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Wells Fargo on Friday reported second-quarter earnings of $5.56 billion, down from $5.72 billion in the same period a year earlier. On a per share basis, the San Francisco- based bank earned $1.01 per share, down from $1.03 per share a year earlier. Analysts surveyed by FactSet expected $1.01 per share, while 12 analysts surveyed by Zacks Investment Research were...
Marty Mosby, Vining Sparks, weighs in on Wells Fargo's quarterly numbers which meet earnings expectations but came in light on revenue.
Citigroup, Wells Fargo, Line and Xerox are making headlines this Friday morning to wrap up the trading week.
Warren Buffett has donated roughly $2.9 billion more Berkshire Hathaway stock to five charities, as part of his plan to give away his fortune.
Retail sales data, consumer inflation data and big bank earnings could drive stocks Friday.
Stocks closed higher after the BOE hinted at looser monetary policy and as earnings season kicked into full gear.
Fresh off its latest quarterly earnings, JPMorgan may be struggling to earn its keep, Breakingviews reports.
NEW YORK— Not since the Great Recession have corporate profits been on this long of a slump. The response from investors: So what? Investors are comfortable enough with the yearlong sag that they pushed stock prices to all-time highs this past week.
JPMorgan's solid earnings beat could signal improved health for the beaten-down financials sector and send stocks further into record territory.
NEW YORK— JPMorgan Chase& Co. reported solid second-quarter earnings Thursday as trading revenue jumped. In a sign that the U.S. economy continues to improve, JPMorgan noticeably expanded its loan portfolio in the quarter as a response to increasing demand from both consumers and businesses. "JPMorgan Chase continued to perform well in all of our major...
Should we buy or bail on the banks? James Chappell, analyst at Berenberg, discusses how U.S. banks are surrounded by a sea of debt.
The drop in Treasury yields has fueled stocks' move higher. Traders will watch to see whether Tuesday’s reversal continues.
Asset manager BlackRock is not excited about all-time highs in U.S. stocks.
JPMorgan Chase CEO Jamie Dimon's public commitment to raise wages for 18,000 employees may seem like a benevolent act. But that may not be quite right.
The "Fast Money" traders give their positions on big banks as they are set to report.
Analysts are almost universally bearish on consumer banks in the longer term, because interest rates are likely to stay low.
Discussing the earnings forecast, and the way to play the market, with Scott Clemons, Brown Brothers Harriman, and Matthew Roddy, Rockland Trust.
Financial stocks are in focus as the first of the big banks get ready to release earnings, and options traders are implying volatile moves.
Stocks could easily break out to new highs in the week ahead, as earnings become the next test for the market.
The "FMHR traders" preview big earnings next week including banking names JPMorgan, Citi and Wells Fargo.