Earnings

Morgan Stanley not satisfied; lawmakers demand more answers from Dimon

01/17/20

The investment bank is raising its return on equity target following a record earnings year; Democrat lawmakers say JPMorgan's response on racial discrimination questions was inadequate.

[more]

Eagle strikes optimistic tone despite lower 4Q performance

01/16/20

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses.

[more]

BNY Mellon’s shares tumble as revenue growth stalls

01/16/20

Despite the weaker-than-expected results, interim CEO Thomas Gibbons pledged to continue spending heavily on tech upgrades aimed at cutting costs, improving efficiency and developing innovative products.

[more]

Morgan Stanley’s profit; China deal raises optimism for U.S. banks

01/16/20

Morgan Stanley’s profits rose 46%; the deal pressures China to open its financial services sector to U.S. firms.

[more]

U.S. Bancorp counting on fee businesses to drive growth in 2020

01/15/20

A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank.

[more]

BofA chief emphasizes 'responsible growth' to counter rate pressure

01/15/20

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities.

[more]

PNC learns the downside of paying cash bonuses to new customers

01/15/20

CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again.

[more]

Goldman’s $1 billion legal hit mars fixed-income trading rebound

01/15/20

Goldman Sachs Group Inc.’s comeback quarter for trading was marred by a $1.09 billion legal charge as the firm gets closer to a settlement of the 1MDB scandal.

[more]

Bank Q4 earnings off to good start; Bitcoin rallies

01/15/20

JPM, Citi shrug off low rates as strong economy propels profits; digital currencies start year with gains as optimism about its future grows.

[more]

BofA joins Wall Street’s trading comeback, consumer unit slips

01/15/20

Bank of America Corp.’s traders bounced back with their peers.

[more]