Banking
PNC Financial fails to meet Street’s expectations in Q4
The PNC Financial Group (PNC) reported Q4 earnings and revenue that missed analysts' predictions. The company reported earnings of $2.75…
Crypto losses hit $700 billion as Bitcoin sees worst week
Bitcoin is slipping and how. On Friday, the cryptocurrency and its peers slid marking a 24% decline since Nov. 16…
A decade since Lehman collapse, tracking the key executives
It’s been 10 years since the largest bankruptcy filing was made in the history of the country, by Lehman Brothers.…
BNY Mellon tops Q3 earnings estimates; misses on revenues
The Bank of New York Mellon Corporation (BK) topped market estimates on earnings for the third quarter of 2018 but…
US Bancorp stock ticks up after Q3 results beat estimates
US Bancorp (USB) beat market estimates on revenue and earnings for the third quarter of 2018, giving the stock a…
Goldman Sachs’ solid Q3 results beat estimates; stock gets a lift
The Goldman Sachs Group Inc. (GS) topped market estimates on revenue and earnings for the third quarter of 2018, giving…
Mixed Q3 results in the offing for American Express shareholders
Credit card operator American Express (AXP) is preparing for its third-quarter earnings report at a time when the financial services…
Bank of America to benefit from lower expenses, trading recovery in Q3
The banking sector is currently going through a challenging phase, marked by rising interest rates and tariff-related headwinds. When Bank…
Consumer banking in focus as Citi gears up for Q3 earnings
Citigroup (C) is currently in the midst of a comprehensive reorganization, mainly involving realignment of the investment banking division and…
Earnings Preview: What to expect from JPMorgan Q3 results?
JPMorgan Chase (JPM) is scheduled to report its third-quarter results before the opening bell on Friday. The banking giant is…
Will Trump’s tax reform save the banking sector?
As we move closer toward Friday for the banking earnings this new quarter, we also have to look at how…
Citi rebuilding gathers steam; investment banking gets a facelift
The corporate and investment banking division of Citigroup (C) will soon cease to exist as an independent unit. According to…
Wells Fargo employees face action for doctoring dinner receipts
Financial services giant Wells Fargo (WFC) has found itself in the center of yet another scandal involving its employees this…
Citi Cards chief Jud Linville steps down amid reorganization
Banking behemoth Citigroup (C) has embarked on a reorganization to ‘harmonize’ its global consumer banking businesses. As part of the…
Meet the new Goldman Sachs chief: DJ D-Sol
Along with its quarterly earnings report, banking giant Goldman Sachs (GS) today announced the appointment of its new CEO David…
Beware credit-card holders, Fed rate hikes are coming
The Federal Reserve is expected to spike interest rate today by about 0.25 percentage points to 1.75%. While this is…