In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Following news this week that JPMorgan Chase lost $2 billion on a bad hedging strategy, former FDIC Chairman Bill Isaac on Friday urged U.S policies to prevent banks that are “too big to fail.” ... Read More
When I came in this morning, I was encouraged by what I saw from Wells Fargo and JP Morgan, not just the bottom line beat but the relative strength in two key areas: mortgage activity and trading... Read More
Trading volume should power JPMorgan Chase to report a very good quarter, while refinancing will boost Wells Fargo earnings, Stifel Nicolaus analyst Christopher Mutascio told CNBC Thursday.... Read More