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Bank Earnings

JPMorgan Takes Big Hit

AP | By STEVE ROTHWELL | Posted 06.11.2014 | 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...

Bank Earnings Send S&P 500 To Record High

Reuters | Posted 03.17.2014 | Business

* Bank of America shares jump after earnings * Empire State manufacturing index, PPI increase * Apple rallies after comm...

PROFIT SOARS

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 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

Bank Earnings Somehow Soar Despite Onerous Regulations

HuffingtonPost.com | Mark Gongloff | Posted 07.17.2013 | Business

It's a Festivus Miracle in July! Banks are somehow making gigatons of money despite onerous new regulations and capital requirements. Why, it's almost...

U.S. Bank Earnings Soar To Record On More Fee Income

AP | MARCY GORDON | Posted 07.29.2013 | Business

WASHINGTON -- U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses...

Mark Gongloff

How Banks Are The New Big Oil

HuffingtonPost.com | 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...

BofA Earnings Up Nearly Seven Times From Last Year

AP | By CHRISTINA REXRODE | Posted 06.17.2013 | Business

NEW YORK (AP) — As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head. The ba...

Shahien Nasiripour

JPMorgan Chase, Wells Fargo Report Record Profits As Lending Remains Constrained

HuffingtonPost.com | 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...

Mortgage Troubles Hit Bank Of America

AP | CHRISTINA REXRODE | Posted 03.19.2013 | Business

NEW YORK — Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thurs...

Great News For Goldman

Reuters | Posted 01.16.2013 | Business

Jan 16 (Reuters) - Goldman Sachs Group Inc said its fourth-quarter earnings nearly tripled, driven by big gains in stock and bond values, increased re...

Jamie Dimon's Pay Slashed Over London Whale Loss

AP | CHRISTINA REXRODE | Posted 03.18.2013 | Business

NEW YORK -- America's best-known banker is getting a big pay cut. JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more ...

Banks Are Officially Giant Babies

Mark Gongloff | Posted 03.13.2013 | Business
Mark Gongloff

When it comes to big banks, we're like overly doting parents: Four years after the financial crisis, we just can't stop babying them.

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...

'Shameful And Embarrassing'

Reuters | Posted 01.23.2014 | Business

* Adds $800 mln to provision for lax anti-money laundering controls * Fine could be "significantly higher", likely to involve crimina...

Bring Out The Axe

Reuters | Posted 12.24.2012 | Business

(Repeats to additional subscribers. No change to text) * Q3 net profit 254 mln Sfr vs avg poll forecast 370 mln * Profit...

The Vampire Squid Is Doing Just Fine

AP | CHRISTINA REXRODE | Posted 12.16.2012 | Business

NEW YORK — Goldman Sachs turned in third-quarter earnings Tuesday that easily beat analysts' estimates, but the bank's mood seemed more cautious...

The One Bank Hating On The Housing Recovery

The Huffington Post | Mark Gongloff | Posted 10.15.2012 | Business

OK, it's official now: The housing market is recovering. Three out of the four biggest U.S. banks agree, so it must be true, right? The latest gino...

Looks Like JPMorgan Doesn't Have A Problem Making Money

AP | CHRISTINA REXRODE | Posted 12.12.2012 | Business

NEW YORK — JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. CEO...

Banks Are Too Big To Succeed

The Huffington Post | Mark Gongloff | Posted 10.11.2012 | Business

Thing One: Too Big To Succeed: Instead of cursing the too-big-to-fail banks like we do, maybe it's time we tried to sympathize with them. We're not...

Facebook IPO Disaster Hits Big Bank

Reuters | Posted 09.29.2012 | Business

* Q2 net profit 425 mln Sfr vs 1.14 bln Sfr forecast * UBS hit by 349 million franc loss on Facebook IPO * Investment ba...

Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 07.24.2012 | Business

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

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 ...

Catherine New

Banks Tap Reliable Money Maker: Credit Cards

HuffingtonPost.com | Catherine New | Posted 01.20.2012 | Business

After being rebuffed in its efforts to charge $5 per month for debit card use, Bank of America is gambling on the optimism of American consumers and g...