Category: Financial Services

January 20, 2021

Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a […]

January 20, 2021

Bank of New York Mellon (BK) – Get Report shares fell on Wednesday after the banking company reported declines in fourth-quarter earnings and revenue that stemmed from low interest rates. Net income fell to $755 million, or 79 cents a […]

January 19, 2021

Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities traders and investment bankers. The bank posted earnings of $12.08 a share, crushing the $7.47 estimate of analysts surveyed by Refinitiv. […]

January 15, 2021

Goldman Sachs (GS) – Get Report will take over General Motors’ (GM) – Get Report credit-card business, the two companies said Friday. The New York investment firm will be the issuing bank for the Detroit automaker’s credit-card programs, with the […]

January 15, 2021

JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]

January 6, 2021

Banking stocks were rising Wednesday as Democratic challenger Raphael Warnock beat the Republican incumbent, Kelly Loeffler, in Georgia, opening up the possibility of a Democratic takeover of the U.S. Senate. Shares of JPMorgan Chase & Co. (JPM) – Get Report […]

January 5, 2021

Jefferies Financial Group (JEF) – Get Report shares rose on Tuesday after the financial-services company reported a 79% surge in fourth-quarter net income per share and boosted its stock-buyback plans. Shares of the New York investment bank at last check […]

December 22, 2020

Price targets on Square (SQ) – Get Report and PayPal (PYPL) – Get Report were raised at Deutsche Bank as the investment firm’s analyst expects faster adoption of e-commerce and mobile-payment services due to the coronavirus pandemic and other factors. […]

December 18, 2020

The credit industry isn’t working if you ask consumer advocates. The Big Three credit agencies—Equifax, TransUnion, and Experian—are black boxes, gathering and selling consumer data, grading us on our financial behavior without letting us in on how they do it, […]

December 15, 2020

The year 2020 has been tough for many companies, but it’s been a fantastic one for brokerages. Buoyed by a record number of new retail investors, firms like Robinhood and Fidelity have experienced record levels of trading. This trading surge, […]