Citigroup Inc.

Goldman Sachs crushes analysts' expectations on strong bond trading results, shares rise 4%

Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 4%

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs on Monday posted profit and revenue that exceeded analysts’ estimates as fixed-income traders generated roughly $700 million more revenue than expected. Here are the numbers: Earnings: $7.73 a share vs. $6.58 per …

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Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 6%

Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 6%

Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that beat analysts’ expectations for profit and revenue as the firm benefited …

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Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop

Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop

Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the bank set aside funds for bad loans and was stung by declines in its equity holdings. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 82 …

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Dimon rips Fed stress test as 'terrible way to run' financial system after his bank halts buybacks

Dimon rips Fed stress test as ‘terrible way to run’ financial system after his bank halts buybacks

Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  Janvhi Bhojwani | CNBC JPMorgan Chase CEO Jamie Dimon didn’t mince words when it came to the regulatory process that forced his bank to suspend its stock buybacks. Asked by veteran banking analyst Betsy …

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JPMorgan Chase says second-quarter profit fell 28% after building reserves for bad loans

JPMorgan Chase says second-quarter profit fell 28% after building reserves for bad loans

JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.76 vs. $2.88 expected Managed revenue: $31.63 billion vs. …

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Stagflation, reflation, soft landing or a slump --- what Wall Street expects in the second half of 2022

Stagflation, reflation, soft landing or a slump — what Wall Street expects in the second half of 2022

As the first half of 2022 draws to a close, Wall Street investment banks and their legions of strategists have been busy telling clients what they should expect in the second half of what has been an extraordinary year for markets as U.S. stocks head for their worst start in decades. Investment banks like JP …

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