News

Wall Street banks had a great quarter, and the boom times are just starting

JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.

Fed Governor Waller sees potential for multiple interest rate cuts in 2025

In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.

Morgan Stanley tops estimates on strong equities and fixed income trading revenue

The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.

UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount

U.K. Robinhood rival Freetrade has been acquired by IG Group for £160 million — a 29% discount to its last valuation.

Bank of America reports fourth-quarter earnings before the bell

Bank of America's results hinge on interest rates and their impact on net interest income.

China's slowing economy is waiting for more stimulus. Here's how the country plans to boost growth

China's slowing economy is still waiting for promised government support to kick in.

JPMorgan Chase is boosting buybacks even after CEO Jamie Dimon called the stock expensive

Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.

DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on 'short-termism'

"CPI month-over-month change has got the Fed zig-zagging," Gundlach said.

There's been a 'meaningful shift' in CEO confidence since Trump's election, says Goldman's Solomon

The Wall Street CEO discussed growing confidence among business leaders after his bank's strong fourth-quarter report.

Here's the inflation breakdown for December 2024 — in one chart

The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.

Citigroup is slated to report fourth quarter earnings before the bell

The fourth quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

Wells Fargo shares jump after earnings beat, strong 2025 guidance

The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.
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