Banking & Finance

American Express Earnings Can’t Overcome Soft Guidance

Posted: July 18, 2018 at 4:47 pm

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 ...
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What to Watch For in American Express Earnings

Posted: July 18, 2018 at 11:30 am

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 ...
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Should Morgan Stanley Be Getting More Out of Q2 Earnings?

Posted: July 18, 2018 at 8:35 am

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 ...
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What to Expect When Morgan Stanley Reports

Posted: July 17, 2018 at 1:40 pm

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) ...
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IBM Partners With FDIC-Insured Cryptocurrency

Posted: July 17, 2018 at 11:25 am

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 ...
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Did New Goldman Sachs CEO News Overshadow Earnings?

Posted: July 17, 2018 at 9:55 am

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 ...
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American Express Seeks Blockchain Patent

Posted: July 16, 2018 at 11:25 am

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 ...
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What to Expect From Goldman Sachs in Q2

Posted: July 16, 2018 at 11:00 am

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 ...
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Focus Financial Partners Closes in on IPO

Posted: July 16, 2018 at 8:50 am

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 ...
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What Propped Up Bank of America Earnings

Posted: July 16, 2018 at 8:05 am

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 ...
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State of Texas Stomps on Cryptocurrency Firms

Posted: July 13, 2018 at 12:25 pm

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 ...
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Citibank Just Can’t Catch a Break in Q2

Posted: July 13, 2018 at 9:45 am

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 ...
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Why Wells Fargo Earnings Came Up Short

Posted: July 13, 2018 at 8:30 am

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 ...
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JPMorgan Earnings Get Boost From Interest Rates, Lower Taxes

Posted: July 13, 2018 at 7:45 am

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 ...
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Oppenheimer Positive on Banks Into Earnings: 4 to Buy Now

Posted: July 13, 2018 at 7:35 am

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 ...
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