Correction: An earlier version of this story incorrectly stated that housing starts were up 37% and residential construction employment was up 6%. The post has been corrected to reflect housing starts are up 24 percent from a year ago and residential construction employment is up only 3.1 percent.
Correction: An earlier version of this story stated that Goldman did away with guaranteed two-year contracts, and the bonuses it paid, for analysts outside of sales and trading and investment research. It did away with two-year contracts for analysts outside of sales and trading and investment research.
Correction: An earlier version of this story incorrectly reported that Marianne Lake and Jamie Dimon were speaking from CNBC's CFO Council. Both were speaking at JPMorgan's Investor Conference.
The company later clarified that there will be 17,000 net job cuts over the next two years. About 4,000 of those will occur this year and 13,000 are planned for 2014. Among the 17,000 total cuts, about 6,000 will occur at its retail branches and 15,000 in its mortgage banking unit.
An earlier version of this article said Lowe's earnings missed expectations, in fact they beat by 3 cents.