bank earnings

A basket of major U.S. bank stocks, as measured by the Financial Select Sector SPDR Fund (NYSE:XLF), is poised to extend its record highs following a wave of strong third-quarter earnings reports. The fund rose nearly 0.7% in premarket trading, continuing its upward momentum from last week's rally...

The first round of bank earnings for the second half concluded on Friday, showcasing generally better-than-expected results from three of the largest U.S. banks: JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC). Despite the overall positive trend,...

As Wall Street gears up for the Q2 earnings season, all eyes are on three major banks set to report their results on Friday, July 12: JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC). Wolfe Research recently released a comprehensive analysis of the...

Goldman Sachs Group Inc. (NYSE:GS) and Bank of America Corp. (NYSE:BAC) are set to unveil their third-quarter earnings ahead of Tuesday’s market opening. Last week, several major U.S. banks, including JP Morgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), Citigroup Inc (NYSE:C...

U.S. financial institutions kicked off earnings season on a robust note, surpassing analysts’ expectations for their third-quarter earnings per share. JP Morgan Chase & Co. (NYSE:JPM) announced earnings per share (EPS) of $4.33, surpassing the consensus estimate of $3.96. Additionally,...

Big banks kicked off third-quarter earnings season Tuesday with JPMorgan Chase & Co.'s (NYSE: JPM) "typical" beat, according to BofA Securities. The JPMorgan Analyst: Erika Najarian maintains a Neutral rating on JPMorgan with an unchanged $114 price target. The...

Big banks kick off the unofficial start to earnings season Tuesday. JPMorgan Chase was the first major bank to report earnings for the period ending in June and set an initial positive tone for its fellow financials. The company reported earnings and revenue that both topped analysts’...

Key Takeaways: Investors might closely watch how much banks put aside for possible credit defaults Heavy trading volume could help Q2 earnings for some banks, including MS Investors will be listening closely for executives’ latest economic outlooks If the financial sector is one of the best...

Investors looking for safety in the 10-year Treasury may want to reconsider their investment thesis and buy two major Wall Street bank stocks instead, according to Mark Tepper, the president and CEO of the wealth management firm Strategic Wealth Partners. What Happened The U.S. Treasury yield...

Bank of America Corp (NYSE: BAC) Tuesday morning reported record first-quarter results. What Happened Bank of America said it earned 70 cents per share in the quarter on revenue of $23 billion versus expectations of 68 cents per share and $23.1 billion. Net income rose 6 percent from the same...

Shares of Citigroup Inc (NYSE: C) traded marginally higher after initially dipping in the red in reaction to the big bank's mixed first-quarter results. What Happened Citi said it earned $1.87 per share in the quarter on revenue of $18.58 billion versus expectations of $1.80 per share and $18....

Earnings season for big banks continued Monday morning with Goldman Sachs Group Inc (NYSE: GS) reporting mixed first quarter results. What Happened Goldman Sachs said it earned $5.71 per share in the first quarter on revenue of $8.807 billion versus expectations of $4.89 per share and $9.04 billion...

Wells Fargo & Co (NYSE: WFC) reported Friday first-quarter results that helped boost shares for the struggling bank. What Happened Wells Fargo said it earned $1.20 per share in the first quarter on revenue of $21.6 billion versus expectations of $1.11 per share and $20.99 billion. Net income...

Shares of JPMorgan Chase & Co. (NYSE: JPM) gained more than 3 percent Friday after reporting a first-quarter earnings beat. What Happened JPMorgan said it earned $2.65 per share in the first quarter on revenue of $29.1 billion versus expectations of $2.35 per share and $28.47 billion. Net...

Big bank earnings season continued Thursday with Morgan Stanley (NYSE: MS) reporting a top-and-bottom line miss in its fourth quarter, which sent shares lower by nearly 6 percent. What Happened Morgan Stanley said it earned 80 cents per share in the fourth quarter on revenue of $8.548 billion...