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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.
NEW YORK, April 6- Jamie Dimon, CEO of JPMorgan Chase& Co warned on Wednesday that years of economic uncertainty would be the "best case" outcome from a decision by Britain to leave the European Union. Writing in his latest annual letter to shareholders, Dimon said the economies of the U.K. and E.U. states would be hurt even if Britain managed to quickly renegotiate...
Dimon addressed the bank's liquidity, U.S. interest rate policy, and financial system regulation in an annual report.
CNBC's Seema Mody reporting on JPMorgan CEO Jamie Dimon's letter to shareholders and the release of the company's annual report. The "Fast Money" traders weigh in on the stock.
*China's top four banks among world's top ten by assets. *Salary cut part of China's SOE reforms. BEIJING, April 5- For the bosses of China's state-owned banks, running some of the world's biggest financial institutions just got a lot less appealing last year, as the government slashed their compensation in half as part of a wider austerity drive.
Stocks have been rallying after losing 10% in the first month of 2016, largely due to the 'Dimon bottom.'