Category: Financial Services

April 6, 2020

Bank of America (BAC) – Get Report said Monday it was seeing strong demand for emergency rescue loans as current applications already account for nearly 10% of the entire amount allocated by Congress. The bank said that as of Monday […]

March 30, 2020

Strategists at JPMorgan Chase & Co. have concluded that most risk assets — a universe that typically includes stocks and credit — have seen their low points for the recession that’s gripped economies around the world. Conditions that JPMorgan had […]

March 23, 2020

Masayoshi Son is making his biggest play yet to silence doubters. On Monday, the Japanese billionaire unveiled an unprecedented $41 billion plan to sell off assets and shore up SoftBank Group Corp.’s crumbling market value in the face of the […]

March 6, 2020

Investors are expecting the U.S. Federal Reserve — and other central banks globally — to do more to rescue the global economy from a downturn caused by the ongoing coronavirus crisis. The Fed lowered its benchmark rate by 50 basis […]

March 3, 2020

J.P. Morgan cut estimates for Mastercard (MA) – Get Report, PayPal (PYPL) – Get Report and Visa (V) – Get Report after the financial-sector majors cut their own estimates in response to the coronavirus outbreak. Coronavirus concern has hurt cross-border […]

February 25, 2020

JPMorgan Chase announced a pledge to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry. The new targets, disclosed Tuesday in presentations for the New York-based bank’s annual […]

January 29, 2020

Goldman Sachs released new financial targets for higher returns at its first-ever investor day. The company said Wednesday in a release that return on tangible common shareholders’ equity will exceed 14% within three years. Last year, the firm posted ROTE […]

January 24, 2020

American Express on Friday reported fourth-quarter results that beat analyst expectations, sending the stock higher, as card fee revenues grew more than expected. The shares rose 2.4% in premarket trading. Here’s how the payments company’s results compared with what Wall […]

January 15, 2020

Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Bank of America said earnings for the three months ending in December came in at 74 […]

January 14, 2020

NEW YORK — Banking giant JPMorgan Chase said profit jumped 21% in the final three months of 2019, as the bank’s trading desks had a blowout quarter, which offset the impact of declining interest rates. The New York-based bank earned […]