Big Banks

EXCLUSIVE: Financials 'Looking Favorable' After JPMorgan Earnings — Market Strategist Jay Woods Says Sector 'Just Joining The Party'
Charles Schwab Analysts See 'Choppy Path' For Bank After Q2 Earnings: 'We Are Not Yet Seeing The Light At The End Of The Tunnel'
Morgan Stanley Q2 Earnings: Higher Profits As Investment Banking Activity Rebounds, On Track To Reach $10T Client Assets
Charles Schwab Analysts See 'Choppy Path' For Bank After Q2 Earnings: 'We Are Not Yet Seeing The Light At The End Of The Tunnel'
Morgan Stanley Q2 Earnings: Higher Profits As Investment Banking Activity Rebounds, On Track To Reach $10T Client Assets
Bank of America's Q2 Earnings: Revenue And EPS Beat, $1.5B Credit Loss Provision, Sees Q4 NII Growth
Bank Of America's Bullish Trajectory Ahead Of Q2 Earnings: What Technicals Reveal

Big Banks Recent News

Goldman Sachs Q2 Earnings: Revenue And EPS Beat, Investment Banking Fees Up 21%, Dividend Hike
Goldman Sachs Group Inc (NYSE:GS) reported Q2 revenue of $12.73B, beating consensus of $12.46B. Sales increased 17% Y/Y, driven by Global Banking & Markets and Asset & Wealth Management.
Netflix, Goldman Sachs, J&J, ASML Lead Q2 Reports This Week As Analysts See Earnings Growth Accelerating To Fastest In Over 2 Years
Following a lackluster big bank earnings, market participants now turn their attention to the unfolding week, expecting the trend to reverse.
Goldman Sachs' Bullish Surge Ahead Of Q2 Earnings: How The Stock Maps Against Wall Street Estimates
Goldman Sachs exhibits a robust bullish trend; its share price of $479.50 is above its 5, 20, and 50-day exponential moving averages.
JPMorgan, Citigroup, Wells Fargo Report Better-Than-Expected Q2 Earnings: Dimon Says Inflation, Interest Rates 'May Stay Higher Than The Market Expects'
Three major U.S. banks — JPMorgan, Citigroup, and Wells Fargo — reported better-than-expected Q2 earnings; market reactions were negative.
Citigroup Q2 Earnings: Personal Banking Growth, Profit Growth, In-line Outlook And More
Citigroup Inc (NYSE: C) reported Q2 fiscal 2024 revenue of $20.14B, up 4% Y/Y and beating analyst estimates. Net income increased 10%, loans grew 4%, deposits down 3%, dividend raised, and outlook remains positive.
Why Is Bank Of New York Mellon Stock Gaining Today?
BNY Mellon reported Q2 results, beating earnings and revenue expectations. Raised dividend by 12%, with improving financial performance.
Wells Fargo Q2 Earnings: Net Interest Margin Slides, Average Loans Decline, Stock Falls
Wells Fargo posted a net income of $4.91 billion in Q2 2024, a 1% Y/Y decline. GAAP EPS of $1.33 surpassed the consensus of $1.29. Revenue grew 1% to $20.69 billion, exceeding the expected $20.29 billion. Noninterest income rose 19% to $8.77 billion.
JPMorgan, Citi Kick Off Big Bank Reporting Season As Expectations Remain Muted Amid Economic Headwinds: Q2 Earnings Preview
Bank earnings are important not just for the implication for the stocks of these companies but they also are seen as indicator of the health of the economy.
US Federal Reserve Considers Rule Change To Save Largest Banks Billions In Capital: Report
The U.S. Federal Reserve is considering a rule revision that could save major banks billions in capital. This change targets the "GSIB surcharge" imposed on global systemically important banks (GSIBs) for stability. Updates could better reflect banks' size relative to the global economy.
Bank Of America Stock Is Up Over 21% For The Year: High Interest Rates Fuel Bullish Outlook
Bank of America analyst outlook aligns on a bullish trajectory and the stock appears poised for continued growth.
HSBC Slows Hiring, Cuts Costs As Europe's Largest Bank Prepares For New CEO
HSBC is not replacing all recently departed staff. Instead, certain departments have been instructed to pause hiring altogether.
Goldman Sachs, JPMorgan, BNP Paribas And Other Big Banks To Pay $46M To Settle Swaps Collusion Case
Ten major banks, including Goldman Sachs Group Inc, JPMorgan Chase & Co., and BNP Paribas SA, have agreed to pay a combined $46 million to resolve a long-standing lawsuit. The banks have been accused of conspiring to stifle competition in interest-rate swaps trading.
Bank Stress Tests 'Much Bigger Surprise Than Expected,' Will Delay Future Investment Plans: JPMorgan
JPMorgan analyst reacts to Fed's stress test results, sees unexpected increase in capital requirements and delays in return plans for large banks.
Fed Stress Test 2024: Large Banks Face Greater Losses But Maintain Strong Capital Positions In Severe Recession Scenario (CORRECTED)
Annual bank stress test shows large banks can withstand severe recession with sufficient capital and meet minimum requirements. Lessons learned from 2023 crisis. Higher losses due to riskier balance sheets and expenses. All 31 banks above minimum capital. Increased credit card losses and riskier corporate credit portfolios. CRE exposure remains a focus.
Bank of America Analyst Highlights Fed Stress Test Opacity, Varying Bank Impacts: 'Goldman Sachs Worst Hit, Huntington Best'
Fed stress test results show banks have sufficient buffers to weather economic storm, but Goldman Sachs may face ROE and buyback challenges.
Fed's 2024 Stress Test Results Worse Than Expected, Says Goldman Analyst: 'The Market Will View The Results As Disappointing'
Largest American banks disappointed with Federal Reserve's 2024 Stress Test results. Banks may face higher losses and increased capital requirements.
6 Biggest US Banks Ramp Up Buybacks, Undeterred By Stress Tests
US banks defy stress tests & buy back $14B in shares, signaling confidence. JPM & BAC slip, WFC up. Banks consider hypothetical crisis scenarios.
US Bank Stress Tests This Week, Analyst Expects Improvement: 8 Stocks, 3 ETFs To Watch
U.S. banking sector anticipates improved capital buffers in 2024 stress test, results to be released on June 26. Bank of America expects manageable surprises, closely monitoring Ally, Goldman Sachs, and Citigroup.
In The Event Of Failure, 4 Major Banks Have 'Shortcomings': FDIC
Bank regulators identified flaws in living wills of major U.S. banks, including Bank of America, Citigroup, Goldman Sachs and JPMorgan.
Goldman Sachs, JPMorgan, And Wells Fargo Lead Bank Stocks Surge As Investors Bet On Soft Landing
Bank stocks have had a successful year with potential for more growth if economic stability is maintained. BofA predicts positive sector performance in US elections and potential regulatory changes.
Goldman Sachs Has Potential For Significant Alpha Generation: Analyst
Goldman Sachs has a Buy rating and price target of $525; Shares declined by 0.9% to $452.47 at last check on Monday.
HSBC To Announce New CEO By July To Stabilize Asia-Focused Strategy
HSBC aims to announce successor to CEO Noel Quinn before July, emphasizing the need for stability and avoiding delays in the search.
Oracle, Moderna, Palantir Technologies And A Big Bank On CNBC's 'Final Trades'
On CNBC's "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners named Oracle Corporation as his final trade.