Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley posted third-quarter results Wednesday that exceeded profit estimates due to better-than-expected trading revenue. Here’s what the company reported: Earnings per share: $1.38, compared to the estimated $1.28 …
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 …
Citigroup announced its third-quarter earnings on Friday morning, with impressive growth in institutional clients and personal banking resulting in higher-than-anticipated revenue and earnings per share. Here’s a breakdown of Citigroup’s results compared to Wall Street expectations, based on a survey of LSEG analysts, formerly known as Refinitiv: Earnings per share: $1.63, or $1.52 excluding divestitures …
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase surpassed analysts’ expectations for Q3 profit and revenue. Here’s what was reported: Earnings: $4.33 a share Revenue: $40.69 billion, …
Chairman Sherrod Brown (D-OH) queries Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell in a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, on September 28, 2021. Kevin Dietsch | Pool | Reuters Eight CEOs of the largest U.S. banks will …
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 …
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions. Fraser said in a release that Citigroup would be divided into five main business lines that report directly to her. Previously, the firm had two main divisions catering to consumers and large institutional clients. The …
A View of Virginia Gas Prices at Highest Level in a Year Celal Gunes | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you …
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012. David Paul Morris | Bloomberg | Getty Images Discover the latest trending companies during midday trading. Redwire — The space infrastructure stock skyrocketed by 14% on Wednesday after Roth …
Chairman Jim Jordan, R-Ohio, presided over the House Judiciary Committee hearing on the “Report of Special Counsel John Durham” at the Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images WASHINGTON — House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Citibank on Thursday, requesting information …