JPMorgan Chase & Co. posted another quarter of record net interest income and boosted its forecast for the year as the company benefits from higher interest rates and its purchase of First Republic Bank. NII was $22.9 billion in the three months through Sept. 30, above analysts’ expectations. The biggest...
Check out the companies making headlines before the bell: UnitedHealth — The largest health insurer by revenue rose more than 1% after beating analysts' third-quarter expectations. The company, part of the Dow Jones Industrial Average, posted adjusted earnings of $6.56 per share on revenue of $92.4 billion. Analysts polled...
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup reported its third-quarter results on Friday morning, with solid growth in both the institutional clients and personal banking fueling higher-than-expected revenue. Here's what the company reported compared...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersJPMorgan Chase delivered strong profits for the third quarter along with a stern warning Friday from...
A team of three advisors has taken the decision to break away from Morgan Stanley to launch an independent RIA firm. Founding partners Trent Leyda, Kay Campione, CFP and Jim Beindorf, CPA, along with associate team members Susie Zimmerman, Heather Tritt and Tara Carabello, were The Leyda Group at the...
With retirement just around the corner, a significant group of Americans have less saved for their post-working years than they need. Across all adult age groups, just 44% of women believe they will be financially prepared for retirement, compared to 61% of men, and when asked if they feel financially...
US stocks can avoid a dire outlook as long as bond yields stay below a historic high of 5%, according to Bank of America Corp. strategist Michael Hartnett. The strategist — among the more bearish voices on Wall Street — said the S&P 500 index can continue to trade above...
When US banks kick off the third-quarter earnings season Friday, it will mark the first in a long line of hurdles the group needs to clear in order to assuage investor fears. Bank stocks are hovering near the lowest level of the year, a mark hit in May following First...
Oil rose sharply Friday on fears that the fighting between Israel and Hamas could destabilize the Middle East and crimp global supply as Iran said a new front to the conflict was possible. West Texas Intermediate rose above $85 a barrel on Friday and is up about 3% this week....