While Silicon Valley is supposedly taking aim at Wall Street, the factions are starting to look more like partners. » Read More
A turbulent economic environment and sliding profits for big banks have not tempered one analyst's expectations.
JPMorgan Chase reported profit that beat expectations, but revenue fell as costs to cover possible sour loans to troubled shale oil companies rose.
JPMorgan chief Jamie Dimon weighs in on an issue that dogs investors every earnings season: How to compare companies' profit and loss numbers to Wall Street estimates.
WASHINGTON, April 13- U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions. Nearly a decade after the financial crisis, it underscored how the debate about banks being "too big to fail" continues to rage in...
*1st qtr EPS $1.35 vs est. *Revenue $24.08 bln vs est. JPMorgan's chief financial officer, Marianne Lake, said the bank may boost provisions to cover soured energy loans by another $500 million this year, on top of the $529 million taken in the first quarter.
CNBC's Wilfred Frost dissects JPMorgan's better-than-expected earnings as shares rally on the earnings beat.
Fallout from loans and sliding investment banking revenue could have disparate impact at other big banks.
*1st qtr EPS $1.35 vs est. *Revenue $24.08 bln vs est. "We expect results will be best in class and may be a rare example of a bank stock this quarter where consensus estimates could remain steady post results," Goldman Sachs analyst Richard Ramsden wrote in a client note.
CNBC's Wilfred Frost provides more detail on JPMorgan's quarterly earnings, including JPM CEO Jamie Dimon's comments after news five out of eight of the big banks do not have credible plans in their living wills.
*1st qtr EPS $1.35 vs est. *Revenue $24.08 bln vs est. A slide in commodity and oil prices, a slowdown in China, near-zero interest rates, mounting regulatory costs and hefty capital requirements have all contributed to the weakness.
If the U.K. opts for the Brexit in June, the European banking system will feel the impact first.
CEOs keep using the same word as they address shareholders, but will it help calm markets before earnings?
JPMorgan CEO Jamie Dimon told shareholders one of the questions he still gets from investors is on the mortgage business. Bethany McLean, CNBC contributor and Vanity Fair contributing editor weighs in.
April 8- Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. On top of his salary and other awards, Blankfein is eligible to receive a total of $7 million based on the bank's performance over the next eight years as part of Goldman's long-term...
April 8- Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. According to the filing, Blankfein's compensation for 2015 included stock awards of $13.9 million and a bonus of $6.3 million. JPMorgan Chase& Co, the biggest U.S. bank by assets, said...
Two current and former executives said government policy and Bernie Sanders' rhetoric have increased a feeling of hostility toward business.
JPMorgan's Jamie Dimon stated he is not worried about negative rates. Ylan Mui, Washington Post, and the Closing Bell panel weigh in. Also, Wall Street's view on Donald Trump.
Bernie Sanders wants to break up big banks. Here's what Jamie Dimon has to say about that, explains BreakingViews columnist Antony Currie.
Some of the names on the move ahead of the open.
The "Worldwide Exchange" crew discuss highlights of Jamie Dimon's annual letter to shareholders.