American Express Co. (NYSE: AXP) reported its first-quarter financial results after the markets closed on Wednesday. The company posted $1.34 in earnings per share (EPS) and $7.89 billion in revenue, versus consensus estimates from…
First-quarter revenues and profits at Morgan Stanley handily beat expectations. A sharp increase in trading revenues and profits did most of the work.
Bank of America has been the best performing of the major and money center banks stock year to date. Now its earnings showed why.
Goldman Sachs missed revenue and profit estimates this morning. Lower trading revenues and flat fixed-income revenues combined with higher expenses get the blame.
Defaults on subprime auto loans may be the canary in the coal mine. Nearly a quarter of U.S. banks are expecting consumer loan delinquencies to rise in 2017.
Alibaba's Ant Financial unit has upped its bid for MoneyGram to $1.2 billion, or $18 a share in cash. Will the bidding war with Euronet continue or will the deal now come down to…
Citigroup's first-quarter profits easily topped estimates, but the bank's stock still trades at a sharp discount to book value.
JPMorgan reported better-than-expected first-quarter financial results before the markets opened on Thursday.
Wells Fargo reported first-quarter EPS of $1.00, essentially flat year over year. Net interest income slipped while noninterest income rose. But rising noninterest expenses cut into profits.
In an interview Wednesday, President Trump reversed his previous judgment on the value of the U.S. Export-Import Bank, an institution he had attacked during his election campaign.
Right now bank fundamentals are stuck in a tight spot, but this might not be for long after a few major banks report earnings on Thursday morning.
24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week.
A new JPMorgan research report makes the case that bank stocks are attractively valued now relative to the overall market, and the rest of 2017 looks bright.
While Deutsche Bank does remain cautious on asset managers, it feels that brokers and the financial exchanges may be the best positioned against first-quarter expectations.
Elevate Credit has decided to price more than 12 million shares at $6.50 in an initial public offering valued up to more than $92 million.
