Banking & Finance

American Express Earnings Can’t Overcome Soft Guidance

American Express Co. (NYSE: AXP) reported second-quarter 2018 results after markets closed Wednesday. The financial services giant posted diluted earnings per share (EPS) of $1.84 per share on revenues of ...
Read Full Story »

What to Watch For in American Express Earnings

American Express Co. (NYSE: AXP) is scheduled to release its most recent quarterly results after the markets close on Wednesday. The consensus estimates from Thomson Reuters are $1.82 in earnings ...
Read Full Story »

Should Morgan Stanley Be Getting More Out of Q2 Earnings?

Morgan Stanley (NYSE: MS) released its second-quarter financial results before the markets opened on Wednesday. The company said that it had $1.30 in earnings per share (EPS) and $10.6 billion ...
Read Full Story »

What to Expect When Morgan Stanley Reports

Morgan Stanley (NYSE: MS) is scheduled to release its second-quarter financial results before the markets open on Wednesday. Thomson Reuters consensus estimates call for $1.11 in earnings per share (EPS) ...
Read Full Story »

IBM Partners With FDIC-Insured Cryptocurrency

A startup cryptocurrency platform named Stronghold is getting some big-time help launching a new stablecoin from International Business Machines Corp. (NYSE: IBM). The Stronghold USD is a U.S.-dollar-backed token that ...
Read Full Story »

Did New Goldman Sachs CEO News Overshadow Earnings?

When Goldman Sachs Group Inc. (NYSE: GS) released its most recent quarterly results before the markets opened on Tuesday, the investment bank said that it had $5.98 in earnings per ...
Read Full Story »

American Express Seeks Blockchain Patent

American Express Co. (NYSE: AXP) began testing a blockchain version of its customer rewards program in May and is now going one step deeper into blockchain development with a patent ...
Read Full Story »

What to Expect From Goldman Sachs in Q2

Goldman Sachs Group Inc. (NYSE: GS) is scheduled to release its second-quarter earnings report before the markets open on Tuesday. Thomson Reuters has consensus estimates of $4.66 in earnings per ...
Read Full Story »

Focus Financial Partners Closes in on IPO

Focus Financial Partners has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 16.22 ...
Read Full Story »

What Propped Up Bank of America Earnings

Bank of America Corp. (NYSE: BAC) reported second-quarter 2018 results before markets opened Monday. The big bank reported diluted earnings per share (EPS) of $0.63 on net revenue of $22.6 ...
Read Full Story »

State of Texas Stomps on Cryptocurrency Firms

The Texas State Securities Board has stopped a network of Utah-based crypto-related companies from making fraudulent investment offers in the state. The board issued a cease-and-desist order on Wednesday against ...
Read Full Story »

Citibank Just Can’t Catch a Break in Q2

When Citigroup Inc. (NYSE: C) reported its most recent quarterly results before the markets opened on Friday, the bank posted $1.63 in earnings per share (EPS) and $18.5 billion in ...
Read Full Story »

Why Wells Fargo Earnings Came Up Short

Wells Fargo & Co. (NYSE: WFC) released its second-quarter financial results before the markets opened on Friday. The company said that it had $0.98 in earnings per share (EPS) and ...
Read Full Story »

JPMorgan Earnings Get Boost From Interest Rates, Lower Taxes

JPMorgan Chase & Co. (NYSE: JPM) reported fiscal second-quarter 2018 results before markets opened Friday. The investment bank and financial services giant reported diluted earnings per share (EPS) of $2.29 ...
Read Full Story »

Oppenheimer Positive on Banks Into Earnings: 4 to Buy Now

After a sparkling 2017, many of the top bank and financial institution stocks have sputtered in 2018, and with the economy improving and the prospects for interest rates to go ...
Read Full Story »