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Finance

JPMorgan trades in red despite record results in first quarter

JPMorgan Chase (JPM), the biggest U.S. bank by assets, reported record revenue and profits in the first quarter aided by…

Wells Fargo tops Q1 estimates as profit jumps 5.2%

Bank holding company Wells Fargo (WFC), which has been under probe by many federal and state regulators for the last…

Citigroup Q1 earnings benefit from strong trading revenues, beat estimates

Global investment banking firm Citigroup Inc. (C) reported better-than-expected earnings for the first quarter of 2018, helped mainly by a…

BlackRock’s Q1 results exceed expectations

BlackRock Inc. (BLK) reported a 16% increase in its first-quarter 2018 revenues to $3.5 billion, ahead of market expectations. Earnings…

PNC Financial Services earnings preview: All’s well here!

PNC Financial (PNC) will kick-start this quarter’s bank earnings tomorrow at 6:45 AM ET and we are all ears with…

Idaho resident sues JPMorgan for charging extra on crypto purchases

JPMorgan Chase (JPM) is being sued by one of its credit cardholders, Brady Tucker from Idaho, who claims the bank…

Bank of America will no longer lend to military-style gun manufacturers

Bank of America (BAC) said it will stop loaning to gun companies that produce military-style firearms for citizens. After Citigroup…

Expect stellar earnings from banks in Q1; Capital return could be disappointing

The earnings season is around the corner, and everything seems to be going well for the banking sector. Tepid volatility…

Deutsche Bank names Sewing as new CEO

Deutsche Bank (DB) replaced its Chief Executive Officer John Cryan after failing to plug losses and prevent decline of market…

Cyber-attacks on Delta and Sears raise more questions about data security

In yet another case of online data theft, aviation firm Delta Air Lines (DAL) and store operator Sears Holding (SHLD)…