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Finance

American Express misses on topline; Shares fall 3%

American Express Company (AXP) reported revenues of $10 billion for the second quarter of 2018, an increase of 9% from…

U.S. Bancorp tops Q2 earnings estimate

Minneapolis-based U.S. Bancorp (USB) reported Q2 profit that beat analysts estimate. Revenue, however, didn’t meet the consensus estimate. During the…

Morgan Stanley shares surge after Q2 earnings beat

Shares of Morgan Stanley (MS) rose in the pre-market hours Wednesday after the company smashed past analysts expectations during Q2…

Goldman Sachs tops estimates; profit jumps 44%

Multinational investment banking titan Goldman Sachs (GS), which named its operating chief David Solomon as successor to executive chief Lloyd…

Goldman Sachs may name long-term executive David Solomon as CEO

Goldman Sachs Group (GS) has reportedly identified president and chief operating officer David Solomon as successor to Lloyd Blankfein, who…

Bank of America posts EPS of 63 cents in Q2

Bank of America (BAC) reported second-quarter earnings of $6.8 billion, or $0.63 per share in Q2, topping market consensus as…

Bank stocks JPMorgan and Citi fail to impress on earnings day

JPMorgan Chase & Co (JPM) on Friday posted an upbeat profit on revenue in line with analyst consensus. However, this…

Wells Fargo slides after missing Q2 earnings

Banking giant Wells Fargo (WFC) reported downbeat results both on earnings and revenue front amid the pressure from the federal…

PNC tops Q2 earnings estimate on higher NII

PNC Financial Services (PNC) reported strong Q2 2018 results. The company smashed past consensus estimates on both the top and…

JPMorgan reports solid results for Q2 2018; beats analyst expectations

JPMorgan Chase & Co. (JPM) reported revenues of $27.8 billion for the second quarter of 2018, in line with analyst…