Wells Fargo blasted 6.7% higher on Jan. 15 thanks to solid results, including 11% higher diluted earnings per share and 15% growth in fee-based revenue. JPMorgan Chase popped 2% on Jan. 15 and reached an all-time high on Jan. 17 in response to excellent results and another year of record revenue and net income.
President Trump’s second term brings a surge of executive orders the returning commander in chief signed into law, leaving banks like JPMorgan Chase (JPM), Bank of America (BAC), and Citigroup (C) scrambling to analyze the impacts.
Brian Moynihan said he’s staying put as chief executive officer of Bank of America Corp. unless the board decides otherwise.
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,
Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.
Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans $870 million in lost money due to theft. But the banks are adamant when they say that number is overblown.
JPMorgan Chase & Co. has deployed teams working overtime to analyze the impact of the early outlines of the policy shift under President Donald Trump, according to Mary Erdoes, chief of the asset and wealth management arm of America’s largest bank.
JPMorgan Chase and Bank of America are preparing to ease mortgage repayment conditions for customers affected by the Los Angeles wildfires , as residents grapple with one of the most destructive natural disasters in the city’s history.
Bank of America’s stock (NYSE: BAC) posted a better-than-expected set of Q4 2024 earnings, led by stronger investment banking business and higher net interest
JPMorgan Chase is mandating a full-time return to the office for its employees to enhance learning, innovation, and company culture. This decision ali
The largest US bank set up a "war room" to comb through all of the new policies issued by the new president on his first day in office, according to JPMorgan head of asset and wealth management Mary Callahan Erdoes.
JPMorgan Chase is scheduled to report earnings before the opening bell Wednesday, kicking off a stretch of earnings reports as America's largest financial institutions wrap up their 2024s.