David George, analyst at Baird, speaks with CNBC’s ‘Squawk Alley’ on JPMorgan CEO Jamie Dimon’s heated comments about gridlock in Washington, D.C.
NEW YORK, July 14- U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts' quarterly profit expectations on Friday by raising loan prices without paying much more for deposits. However, management now expects net interest income to rise by $4 billion this year, down from a previous...
JPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company's earnings conference call Friday.
July 14- Wells Fargo& Co posted a better-than-expected quarterly profit, but revenue fell short of expectations as the lender's mortgage business continued to remain a dark spot. Wells Fargo, the largest U.S. residential mortgage lender, recorded an 18.8 percent fall in mortgage banking income to $1.15 billion. Wells Fargo's total revenue remained flat at...
CNBC's Bob Pisani takes a look at what's moving in early morning trading, as banks move lower despite Wells Fargo, Citigroup and JPMorgan reporting earnings above estimates.
CNBC's Wilfred Frost provides highlights from JPMorgan's conference call with CEO Jamie Dimon.
The "Squawk on the Street" crew talks about what's likely driving bank stocks lower after beating Street estimates in the second quarter.
CNBC's Mike Santoli weighs in on why there may be opportunties in the retail sector.
Marty Mosby, Vining Sparks, breaks down Wells Fargo's quarterly numbers, and why the big bank stocks fell despite earnings beats while regional banks are set up to profit from margin growth.
CNBC's Wilfred Frost provides highlights from JPMogan CEO Jamie Dimon's conference call after the big bank posted earnings that beat Wall Street expectations.
"The U.S. consumer remains healthy," Chief Executive Officer Jamie Dimon said in a statement. Overall net income rose 13 percent to $7.03 billion, or $1.82 per share, from $6.2 billion, or $1.55 per share, in the year-ago quarter. 1/ 8 http://bit.ly/2tQ630n 3/ 8. Excluding a gain from a legal settlement, the bank earned $1.71 per share, topping the average analyst estimate...
*Wall Street to open flat. LONDON, July 14- Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Wall Street was set for a broadly flat open, with shares in JP Morgan and Wells Fargo dipping in pre-market trade after the U.S. banks released mixed earnings reports,...
Wells Fargo was expected to show earnings of $1.01 share on revenue of $22.466 billion, according to analysts surveyed by Thomson Reuters.
CNBC's Wilfred Frost breaks down Citigroup's quarterly numbers which posted EPS of $1.28 on revenues of $17.901 billion.
Gerard Cassidy, RBC Capital Markets, sifts through JPMorgan's quarterly number which posted an EPS beat of $1.82 on revenues of $26.405 billion.
Citigroup shares fell 1 percent after the bank reported a slowdown in trading results.
JPMorgan Chase lowers its net interest income forecast for the year and says trading revenue fell.
Regional bank PNC Financial Services reported a better-than-expected quarterly profit on Friday helped by a higher interest income and fall in provision for credit losses.
CNBC's Wilfred Frost sifts through the numbers to get a read on JPMorgan's quarter results.
Markets are bracing for today's big bank earnings. Gerard Cassidy Bank Analyst at RBC Capital Markets breaks down what to watch.
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