iOS app Android app

Bank Profits

JPMorgan Takes Big Hit

AP | STEVE ROTHWELL | Posted 12.11.2014 | Business

NEW YORK (AP) — JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in inve...


Reuters | Posted 03.17.2014 | Business

(Adds investor and analyst reaction) By Peter Rudegeair and Anil D'Silva Jan 15 (Reuters) - Bank of America Corp said on...

Bank Profits Down Because Of Unnamed Institution's Legal Costs

AP | MARTIN CRUTSINGER | Posted 11.26.2013 | Business

WASHINGTON (AP) — U.S. banks earned less in the July-September quarter than they did a year earlier, marking the first year-over-year decline in ear...

Bank Profits Hit Record High

AP/HuffPost | Posted 10.29.2013 | Business

WASHINGTON -- U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The...

Mark Gongloff

Hey, Guess What Thing Banks Are Taking Over Now | Mark Gongloff | Posted 07.30.2013 | Business

Here's yet another thing banks are taking over: the stock market. Financial stocks are the second-biggest sector in the Standard & Poor's 500-stock...

Big Bank Profits Are About To Take A Major Hit

Reuters | Posted 09.12.2013 | Business

By Peter Rudegeair July 12 (Reuters) - Unexpectedly large quarterly profits at JPMorgan Chase & Co and Wells Fargo & Co hide a more w...

Mark Gongloff

How Banks Are The New Big Oil | Mark Gongloff | Posted 04.18.2013 | Business

Once upon a time, not long ago, oil companies were so despised that they had to downplay their massive profits in order to keep the angry mobs away. T...

At Least the Big Banks Are Kickin' It...

Jared Bernstein | Posted 06.16.2013 | Business
Jared Bernstein

The disconnect between profitability and hiring or middle-income wage growth has been embedded in our economic system for decades -- this quarterly result is a mere microcosm.

Shahien Nasiripour

JPMorgan Chase, Wells Fargo Report Record Profits As Lending Remains Constrained | Shahien Nasiripour | Posted 04.12.2013 | Business

BOSTON -- JPMorgan Chase and Wells Fargo, two of the biggest US banks by assets, kicked off Wall Street’s earnings season on Friday by reporting rec...

Wall Street Records Biggest Profit Since Before The Financial Crisis

Reuters | Posted 04.28.2013 | Business

WASHINGTON, Feb 26 (Reuters) - The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, accordin...

Goldman Staffers Are Probably Panicking Right Now

Reuters | Posted 03.18.2013 | Business

By Lauren Tara LaCapra Jan 17 (Reuters) - Top executives at Goldman Sachs have been considering deep cuts to staffing levels and pay ...

Banks Are Big Giant Babies

The Huffington Post | Mark Gongloff | Posted 01.11.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

It's the Interest, Stupid! Why Bankers Rule the World

Ellen Brown | Posted 01.08.2013 | Business
Ellen Brown

This is not rocket science. By developing a public banking system, governments can keep the interest and reinvest it locally.

Great Expectations

Reuters | Posted 06.08.2012 | Business

* Earnings reports follow 24 pct rise in bank stocks this year * Some big banks could show profit decline from year ago ...

It Turns Out 2011 Was A Pretty Great Year For Banks

The Huffington Post | Alexander Eichler | Posted 03.08.2012 | Business

By almost any measure, 2011 was a rocky year -- high unemployment, volatile markets, rising poverty, protests in the streets. Thankfully, the banks ma...

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012 | Business

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

Bruised Wall Street Firms Continue To Jettison Office Space

The Huffington Post | Alexander Eichler | Posted 02.06.2012 | Business

Here's one thing big banks have in common with protesters: Neither group is occupying Wall Street as much as they used to. In an ongoing sign of th...

Housing Bust Continues To Haunt Big Banks

AP | By PALLAVI GOGOI | Posted 01.14.2012 | Business

NEW YORK -- The economy may be healing, but banks are suffering from a housing hangover. JPMorgan Chase spent $3.2 billion last year to fight lawsuit...

When Does the Preferential Treatment of Banks Become Obscene?

Clarence B. Jones | Posted 01.30.2012 | Politics
Clarence B. Jones

How long will we permit the major banks to "game" our economic system? Or, maybe it's time to frankly acknowledge they have become the De facto fourth branch of our government, without any amendment to our Constitution.

FDIC: Banks Take Home Most Money In Four Years

AP | DEREK KRAVITZ | Posted 01.22.2012 | Business

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the ...

Customers Using Credit Cards Ignore Product's Downsides

The Huffington Post | Harry Bradford | Posted 11.21.2011 | Business

That giddy feeling that comes along with making a purchase and not seeing any money exchange hands isn't in your head. When consumers pay with cre...

Big Banks Slated To Lose Billions In Customer Cash Over Next Year: Report

Posted 11.21.2011 | Business

Big bank interest in netting a profit on the backs of customers may end up backfiring. The top 10 retail banks are projected to lose $185 billion ...

BofA Had 20 Days Of Trading Losses Last Quarter

The Huffington Post | Jillian Berman | Posted 01.04.2012 | Business

Bank of America can't seem to catch a break. The bank brought in less than it spent in financial markets -- known as a trading loss -- on 20 days ...

Why Big Banks Are Still Reporting Huge Profits (and What You Can Do)

Tim Chen | Posted 12.20.2011 | Business
Tim Chen

Revenue doesn't just materialize out of thin air: people provide it. So, if you don't like the way a bank does business, don't do business with them at all, and don't limit your message to your checking account.

HSBC Heads For $11 Billion Profit As Revamp Takes Shape

Posted 09.30.2011 | Business

LONDON (Steve Slater) - HSBC Holdings Plc (HSBA.L: Quote, Profile, Research, Stock Buzz) should unveil a half-year profit of near $11 billion on M...