Earnings

‘Extraordinarily inefficient’: Scharf’s blunt assessment of Wells Fargo

01/14/20

The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.

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Citi bets heavily on consumers to meet profit targets

01/14/20

The banking giant is counting on continued growth in cards, deposits and digital accounts to drive returns higher in 2020.

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First Republic adding half-dozen branches in Manhattan

01/14/20

The San Francisco bank is also bulking up in Florida and Wyoming, no-tax states where many of its affluent clients have retired or have second homes.

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How JPMorgan plans to keep the momentum going

01/14/20

The country's biggest bank is leaning more on fee income to offset rate pressures, expanding in selected U.S. cities and laying the groundwork for operations in China that CEO Jamie Dimon hopes will endure “for 100 years.”

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Citi fixed-income trading surges 49%

01/14/20

The rebound, combined with strong earnings from debt underwriting and consumer banking, pushed net revenue for the period to the highest since 2015.

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Wells Fargo CEO Charlie Scharf kicks off tenure with more legal costs

01/14/20

Wells Fargo & Co. may have a new leader, but the work of reinvigorating the firm after years of troubles is far from over.

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JPM’s boffo earnings; N.Y. Fed says cyberattack could be ‘devastating’

01/14/20

Bank beats estimates as earning soar 21%; a cyberattack on the American banking system could create havoc on financial stability.

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JPMorgan’s trading surge helps fuel most profitable year ever

01/14/20

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter, pushing annual earnings to a record $36.4 billion.

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Will earnings season bring surprises?; Wells Fargo’s tech troubles

01/13/20

Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.

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Banks’ record-breaking earnings streak has probably peaked

01/10/20

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

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