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Category: Financial Services


Financial Services, Industries

Bank of America Sees Demand Surge for Paycheck Protection Loans

April 6, 2020

Via: TheStreet

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 […]


Financial Services, Industries

JPMorgan says the coronavirus market rout has probably hit bottom already

March 30, 2020

Via: Fortune

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 […]


Financial Services, Industries

SoftBank announces $41 billion asset sale to face coronavirus rout—and silence critics

March 23, 2020

Via: Fortune

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 […]


Finance Tech, Financial Services, Industries, Liquidity

Rate cuts can’t save the global economy from the coronavirus, say analysts

March 6, 2020

Via: CNBC

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 […]


Financial Services, Industries

Mastercard, Visa, PayPal Estimates Cut at J.P. Morgan Due to Coronavirus Fallout

March 3, 2020

Via: TheStreet

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 […]


Energy, Financial Services, Industries

JPMorgan announces big moves to support environment, including ending loans to coal industry

February 25, 2020

Via: CNBC

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 […]


Financial Services, Industries

Goldman Sachs shares rise after bank gives higher financial targets at first-ever investor day

January 29, 2020

Via: CNBC

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 […]


Financial Services, Industries

American Express earnings beat expectations on strong card fee revenues, shares rise

January 24, 2020

Via: CNBC

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 […]


Financial Services, Industries

Bank of America Tops Q4 Earnings Forecast With Solid Loan Growth

January 15, 2020

Via: TheStreet

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 […]


Financial Services, Industries

JPMorgan Chase’s 4Q profits jump 21%, helped by trading

January 14, 2020

Via: ABC News

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 […]