Banking & Finance - Page 2

Goldman Sachs Had Q1 Despite Excellent Bottom Line Beat

Goldman Sachs Group Inc. (NYSE: GS) reported its most recent quarterly results before the markets opened on Monday. The investment bank said that it had $5.71 in earnings per share ...
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Should Citigroup Get More Credit for Q1 Earnings?

Citigroup Inc. (NYSE: C) released its first-quarter financial results before the markets opened on Monday. The firm said that it had $1.87 in earnings per share (EPS) and $18.6 billion ...
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Big Banks in the Spotlight as Earnings Season Rolls Out

The first-quarter earnings reporting season is off to the races this week, after kicking off last week with strong results from JPMorgan and Wells Fargo. 24/7 Wall St. has put ...
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Wells Fargo’s Earnings Are the Least of Its Problems

Wells Fargo & Co. (NYSE: WFC) reported first-quarter fiscal 2019 results before markets opened Friday. The banking giant posted diluted earnings per share (EPS) of $1.20 on revenue of $21.6 ...
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JPMorgan Consumer Banking Lifts Q1 Results

JPMorgan Chase & Co. (NYSE: JPM) reported first-quarter 2019 results before markets opened Friday. The investment bank and financial services giant posted diluted earnings per share (EPS) of $2.65 on ...
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Bank Stock Valuations Cheapest in Almost 10 Years: 4 to Buy Now

While most consumers and corporations like lower interest rates because they help spur both growth and consumption, typically they are not good for the banking industry as margins on deposits ...
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What to Watch in Wells Fargo’s Q1 Report

Wells Fargo & Co. (NYSE: WFC) is set to report its first-quarter financial results before the markets open on Friday. The consensus estimates are calling for $1.10 in earnings per ...
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What to Expect When JPMorgan Reports Friday

JPMorgan Chase & Co. (NYSE: JPM) is scheduled to release its first-quarter financial results before the markets open on Friday. The consensus estimates are calling for $2.35 in earnings per ...
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Wells Fargo Retirement & Trust Sale Seems to Be Reaching for Regulatory Concession Hopes

When companies go afoul of regulators and when they have taken a serious reputational hit, sometimes they make bad reactionary decisions. News broke on Tuesday that Wells Fargo & Co. ...
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Warren Buffett to Wells Fargo, Don’t Hire Another Bank CEO

Wells Fargo & Co. (NYSE: WFC) CEO Tim Sloan is out, following his former boss John Stumpf who left in October 2016. Each was blamed for dysfunctional management that triggered ...
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Time for Alternative Asset Managers Blackstone and Ares to Shine

The world of alternative asset managers is quite different from the world of investment managers who simply buy and sell stocks, bonds and other publicly traded asset classes. When it ...
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Americans Feel Better About Saving for Retirement Than They Have in Years

A recent survey from CNBC and Acorns found that Americans are more confident about their retirement savings now than three years ago. The Invest in You Savings Survey examined the ...
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Why Sloan’s Departure as Wells Fargo CEO May Not Be So Great for the Bank’s Recovery

Some people might wonder how bad it looks when a chief executive officer resigns and the company's stock rises. Generally it's a case of distress-relief when that occurs. And that ...
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Wells Fargo Had Among Worst Reputations of Any Company Ahead of CEO Resignation

Wells Fargo & Co. (NYSE: WFC) CEO Timothy J. Sloan left the big bank unexpectedly. It has been criticized for sales tactics and legal violations since before he was appointed. ...
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Why the Best Banks Now Offer Some Incredible Upside Potential

One of the few sectors that enjoys rising interest rates is the financial sector. When the Federal Reserve said recently that there would be no additional interest rate hikes this ...
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