Brian Moynihan, CEO of Bank of America Heidi Gutman | CNBC Bank of America exceeded expectations for its third-quarter profit due to stronger-than-expected interest income. Here’s what the company reported: Earnings per share: 90 cents vs. the expected estimate of 82 cents from LSEG, which was formerly known as Refinitiv Revenue: $25.32 billion, compared to …
David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $5.31 a share, according to LSEG, …
David Solomon, CEO of Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York on Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is pleased to announce the sale of its fintech lending platform GreenSky to a group of investors led by private equity firm …
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | Reuters American banks are experiencing another quarter affected by the surge in interest rates, raising concerns about shrinking margins and increasing …
The recent stock selloff in regional banks has raised concerns about the potential delisting of Zions and Comerica from the S&P 500 index. As the fourth- and sixth-smallest companies on the listing, with market capitalizations around $5 billion, they are at risk of being replaced by larger players like Blackstone, who recently joined the index …
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Investors are flocking to short-term U.S. government bonds to weather the turbulent times caused by surging longer-term yields, according to a Goldman Sachs …
Federal Reserve Board Chair Jerome Powell delivered a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023, discussing the recent violent moves in the bond market. These swift and aggressive shifts have not only affected investors but have also reignited concerns about a possible …
Lower-end consumers have adjusted their purchasing habits in order to save money as their bank accounts dwindle, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank has been closely monitoring its credit card customers for signs of financial stress, Fraser disclosed in an interview with CNBC’s Sara Eisen. “We are closely monitoring lower FICO …
Morgan Stanley Initiates AI Revolution on Wall Street In a groundbreaking move, Morgan Stanley has officially ushered in the era of generative AI on Wall Street. The bank is proud to announce that its newly created assistant, powered by OpenAI’s advanced generative AI software, is now fully operational for all financial advisors and their support …
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023. CNBC The return of large tech IPOs this week after a prolonged drought isn’t just a test of investors’ appetite for risky new offerings — it’s a key moment for Wall Street’s top advisor, Goldman Sachs. Chip designer Arm is expected to begin trading …