JPMorgan Chase, Wendy’s and more
[ad_1] A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California. Justin Sullivan | Getty Images Check out the companies making headlines in…
Bank of America (BAC) Q4 earnings 2022
[ad_1] Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make…
BlackRock cutting 500 jobs or less than 3% of workforce
[ad_1] BlackRock Inc. on Wednesday added its name to the growing list of financial and other companies cutting jobs with plans to cut its workforce for the first time since…
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
[ad_1] Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer…
Jim Cramer’s Investing Club meeting Friday stocks rise Constellation
[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stay wary of tech…
BofA’s Rick Sherlund predicts software comeback
[ad_1] Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the…
Wynn Resorts, Microsoft, Honeywell, Salesforce and more
[ad_1] The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung |…
Goldman sharpens knife on headcount, bonuses along with other big banks
[ad_1] Goldman Sachs Group Inc. will cut bonuses by about 40% in the deepest belt-tightening move among the big U.S. banks, The Wall Street Journal reported Thursday. Goldman Sach’s GS,…
How BofA came back from the brink of collapse
[ad_1] The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped…
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
[ad_1] Wells Fargo agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau over customer abuses tied to checking accounts, mortgages and auto loans, with some of the…
Congress rips Washington Commanders and NFL over ‘toxic work culture’
[ad_1] The United States House Committee on Oversight and Reform released a report on Thursday, saying that the Washington Commanders NFL franchise created a “toxic work culture” for more than…
Wells Fargo, BofA CEOs say consumer demand is cooling, recession looms
[ad_1] Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images American consumers are tapping the…
Citigroup faulted by U.S. banking regulators for poor data management in ‘living will’ review
[ad_1] CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in…
Bank of America CEO isn’t worried about debt funding
[ad_1] The CEO of Bank of America, one of the financiers of Elon Musk‘s Twitter takeover, doesn’t appear worried about the deal. CNBC reported on Thursday that Musk is now…
U.S. consumer soldiering on despite inflation, recession risk
[ad_1] Shoppers carry bags in San Francisco, California, on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated a willingness to continue to…
Morgan Stanley evaluating job cuts, CEO says
[ad_1] Morgan Stanley CEO James Gorman said the marquee investment bank is studying potential job cuts as the latest big financial institution to look for ways to reduce costs headed…
Bank earnings watched for clues on slowing economy after Dimon’s warning
[ad_1] Big American banks have mostly resisted bulking up loan loss reserves this year as the financial health of consumers and corporations has held up despite mounting recession concerns. That…
The oil trade may have more juice despite a losing week
[ad_1] Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities’ Chris…
MS (Morgan Stanley) earnings 3Q 2022
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted…
MS (Morgan Stanley) earnings 3Q 2022
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted…
AMD, Levi Strauss, DraftKings and more
[ad_1] Here are the companies that are making headlines before the bell: Advanced Micro Devices (AMD) – AMD slid 5.3% in the premarket after cutting its sales forecast. The chipmaker…
CVS, Credit Suisse, AMD, Lyft and more
[ad_1] Omar Marques | LightRocket | Getty Images Check out the companies making headlines in midday trading Friday. Ambac Financial Group – Shares of the municipal bond insurer shot up…
Goldman’s (GS) Apple Card business has a surprising subprime problem
[ad_1] The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank…