Citigroup and Wells Fargo will have to prove to Wall Street and Main Street alike that they can operate profitability in a climate with stubbornly low interest rates.
Considering the recent uncertainty and turbulence in the markets from the Brexit, JPMorgan impressed yet again with its most recent earnings report. Even the Fed thought so.
Chris Lange 24/7 Wall St. wanted to see which big banks reporting earnings this week and next could make the biggest headway against their book values.
JPMorgan has announced that beginning next February the bank will begin to raise wages for about 18,000 hourly full- and part-time employees.
Paul Ausick 24/7 Wall St. has put together a preview of Alcoa, Citigroup and some other major companies reporting their quarterly results this week.
Every time we have a headline issue that moves markets lower there is opportunity somewhere, and finding that opportunity can make for some solid portfolio gains for patient investors.
July 6, 2016: Markets opened lower again Wednesday, following international markets that traded lower overnight. The British pound posted a new 31-year low against the dollar before climbing back a little. The…
July 5, 2016: Markets opened lower Tuesday, following international markets that traded lower while U.S. markets were closed for the July 4th holiday. U.S. markets will be searching for clues to how…
Watching the massive fallout and then recovery within broad markets, we are beginning to realize that the Brexit provided a very attractive entry point into a fair number of industries. Granted, the Brexit…
June 28, 2016: Markets opened higher Tuesday and every sector is recover a bit after two days of getting crushed by the Brexit vote. U.S. GDP rose 1.1% in the first quarter,…
June 27, 2016: Markets opened down again Monday after a full weekend of fretting about the Brexit vote. Again a stronger dollar has weighed heavily on the basic materials and energy sectors,…
The largest U.S. banks had a rough day Friday following the U.K. vote to leave the European Union. The average share price loss for the country’s six biggest banks was 7.59%. The…
June 24, 2016: Markets opened Friday following the surprise U.K. decision to leave the European Union. The Brexit vote dominated the day’s currency, energy, commodities, and equity markets as traders and investors…
In a somewhat unexpected move, the United Kingdom has left the European Union causing significant fallout within global markets. At the same time, investors are piling into gold to hedge themselves as…
June 23, 2016: Markets opened higher for a fourth straight day Thursday, perhaps reflecting investors’ belief that Britain will vote to remain in the European Union. All ten stock sectors are on…
