JPMorgan posts rare Q3 earnings miss as fixed-income trading revenue unexpectedly drops
JPMorgan missed revenue estimates as a surprise decline in fixed-income trading offset strength elsewhere, a rare stumble for the largest US bank.
Bloomberg.com · +14 outlets
Wells Fargo beats profit estimates but NII and revenue fall short, shares slide
Wells Fargo topped profit expectations on resilient credit quality, but net interest income and revenue missed amid rising rate pressure.
WTAQ · +15 outlets
Goldman Sachs leads big bank earnings with roughly 30% EPS beat on strong equities trading
Goldman posted a wide earnings beat driven by its equities and prime brokerage arms even as credit and rates trading lagged.
Investing.com · +14 outlets
Wall Street ends lower as mixed big bank earnings meet chipmaker selloff
Bank results failed to lift markets as a decline in semiconductor stocks dragged the major indexes down.
StreetInsider · +15 outlets
Citigroup beats on higher NII and lower expenses but shares drop 5%
Citigroup beat estimates and lifted its full-year net interest income outlook, yet investors sold the stock after the results.
TradingView · +10 outlets
Bank of America fined $1.21B by OCC and Treasury over AML failures
Regulators said BofA failed to properly monitor trillions of dollars in transactions, in one of the largest AML penalties on record.
Bankingdive · +6 outlets
Big US banks post strong Q3 loan and deposit growth but warn on higher rates
Major banks reported solid consumer credit and loan growth while flagging rising competition for deposits and pressure from elevated rates.
The Globe and Mail · +14 outlets
JPMorgan, Goldman, Citi, Wells Fargo show consumers resilient despite high rates
Across the four largest banks, consumer credit quality held up even as executives cautioned about inflation and rate risk ahead.
Yahoo Finance · +13 outlets
Goldman CEO says no succession timeline despite 'noise' on the topic
David Solomon addressed speculation about his future at the bank after reports of internal succession chatter.
Bloomberg.com · +5 outlets
JPMorgan's Dimon warns bank customers of 'liability transfer' risk with AI agents
Dimon said customers using AI agents for banking must understand who bears liability, amid concerns over AI-driven deposit flight.
Bankingdive · +10 outlets
Wall Street banks see deal activity slow on market jitters but say pipeline is strong
Investment banking revenue was dented by volatile markets even as executives described a robust backlog of pending deals.
Reuters · +9 outlets
Rising interest rates bite some Wall Street banks' net interest income
Higher-for-longer rates squeezed margins at some large banks while fixed income results varied widely across the group.
The New York Times · +13 outlets
Fintech Upgrade applies for ILC bank charter with FDIC and Nevada
The credit-card startup named a former SoFi executive and regulator to lead its proposed bank as it seeks a national charter.
Bankingdive · +6 outlets
Banks face stablecoin deposit flight risk, Tether co-founder warns
The warning highlights how stablecoin adoption could pull deposits away from traditional banks including JPMorgan and Wells Fargo.
Benzinga · +10 outlets
Citi lets Saudi-based employees work remotely amid regional conflict
Citi's CFO said staff in the kingdom can do what they feel comfortable doing as the bank reported its best Q3 revenue in a decade.
Bankingdive · +3 outlets
RBL Bank shares plunge 7.55% as higher provisions weigh on Q2 earnings
RBL Bank's profit jumped on strong net interest income but a sharp rise in provisions spooked investors and hit the stock.
Business Standard · +5 outlets
Consumers feeling sour but still spending, Axios reports
The disconnect between weak consumer sentiment and resilient spending is a puzzle for economists and retailers.
Axios
Poonawalla Fincorp shares surge as Q2 profit rises five-fold, beating estimates
The Indian non-bank lender posted a sharp jump in profit with return on assets of 2.18%.
NDTV Profit · +1 outlets