The country's largest bank said second-quarter profit fell 51% to $4.69 billion, a smaller drop than forecast, as record trading revenue helped counter the biggest loan-loss provision in its history. ... Read full article
Better-than expected trading results also helped to boost net income. ... Read full article
A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company. ... Read full article
The merger will create a firm with heft in financial services M&A, fixed income and equity research. ... Read full article
Royal Bank of Canada reported a 5% increase in quarterly profits, but a sharp increase in its loan-loss provision is raising concerns about credit quality. ... Read full article
Citigroup Inc. gave investors the first look at how Wall Street banks fared during the violent market swings at the end of 2018 — and it’s grim. ... Read full article
The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits. ... Read full article
Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income. ... Read full article
A decade after buying Bear Stearns, JPMorgan has maintained its revenue from fixed-income trading while many rivals saw theirs slip. ... Read full article
B of A, JPMorgan and Citi beat trading estimates unlike Goldman Sachs, but the investment bank still doubled its quarterly profits. ... Read full article
