Category: Financial Services

July 16, 2019

J.P. Morgan Chase posted earnings that exceeded analysts’ expectations, aided by an income tax benefit that boosted results by $768 million. The bank on Tuesday posted second-quarter profit of $9.65 billion, 16% higher than a year earlier, or $2.82 a […]

July 12, 2019

Surprise: Analysts expect banks to be one of the brighter areas of the stock market during an overall dismal earnings season. As second-quarter earnings season begins, recent economic news has been good and the Dow Jones Industrial Average DJIA, +0.85% […]

July 8, 2019

Deutsche Bank shares turned negative after initially jumping nearly 4% in early morning trade on Monday as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhaul, the bank will see 18,000 jobs […]

July 3, 2019

It’s getting harder to generate a good return on your cash. An analysis of Federal Deposit Insurance Corp. data by behavioral economics consulting firm Analyticom found that rates for certificates of deposits (CDs) are falling across the board for the […]

June 17, 2019

Discover is doing away with fees of any kind on its checking, savings, money market and certificate of deposit accounts. The move would be a first for a large bank and comes as smaller online fintechs offer no-fee options and […]

May 20, 2019

Shares of Deutsche Bank hit a record low Monday, down nearly 3%, after UBS downgraded the German lender’s stock to a “sell” rating from “neutral.” Pointing to tough external events and the low interest rate environment, UBS slashed its price […]

May 6, 2019

Mastercard announced that it will acquire bill pay platform Transactis for an undisclosed amount. Transactis’ technology is used by bank and nonbank partners to enable businesses to streamline their bill collection digitally — including firms that typically don’t support digital bill pay, […]

April 12, 2019

JPMorgan Chase reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from the Federal Reserve’s December rate hike. “We had record revenue and net income, strong performance across each of our major businesses and a […]

April 4, 2019

Commerzbank shares rose following a report that UniCredit stands ready to make a rival bid for the bank if merger talks with fellow German lender Deutsche Bank fail. The Financial Times, citing people familiar with the matter, reported Thursday that […]

March 28, 2019

Shares of Deutsche Bank and Commerzbank slipped after a report in the Financial Times stated that the former is in talks to raise as much as 10 billion euros ($11.2 billion) in fresh equity to support their potential merger. The […]