A total of 61.905 employees were laid off. Numbers comparable to those of the 2007-2008 financial crisis. Wall Street investment banks alone have cut 30 bankers. The biggest cuts come from Wells Fargo and Credit Suisse. And next year too...
In the press conference on the third quarter accounts Dimon did not hide his concerns about the global geopolitical situation - The quarterly reports of JP Morgan, Citigroup, BlackRock and Wells Fargo
The season of US quarterly reports begins with the three big banks - Profits up 15% for Citigroup, profits for Wells Fargo fall by 53%
The three Wall Street giants end the April-June period with numbers higher than market expectations - JP Morgan above all doing well (profits +16%), but Wall Street's reaction is cold
The fourth largest American bank has announced that it will cut 10% of its workforce over the next three years, equal to a total of 265 employees - The group wants to cut 3 billion in expenses for 2020
The third largest bank in the United States has opted for a plea deal with the authorities: the Californian institution defrauded its customers
Profits and revenues on the rise for three of the main US banks: JP Morgan, Citigroup and Wells Fargo, which, however, are weighed down by open issues with the national authorities and a possible maxi fine on the way
JP Morgan, Citigroup and Wells Fargo have published their accounts for the second quarter: in all three cases the operating result is higher than analysts' expectations.
The two Wall Street giants have communicated the data for the third quarter - In both cases there is a decline in earnings on an annual basis (respectively -7,6% and -11%), but the earnings per share exceed forecasts
The board of directors of the US bank announced it: John Stumpf will not receive the 41 million dollars of stock options foreseen by his remuneration due to the scandal of the fictitious accounts - Wells Fargo has already paid a…
The lender was accused of having "frequently recklessly engaged in underwriting and disbursing government-backed loans"
For Wells Fargo in the fourth quarter profits of 5,71 billion dollars: in line with 2014 and beyond expectations - Citigroup has seen profits jump in the wake of the drop in legal costs and the increase in turnover - Even…
The three main American banks that published their accounts between yesterday and today are all in profit, but the only one that is convincing is Bank of America. Jp Morgan disappoints expectations and Wells Fargo is penalized by rates.
The round of quarterly numbers from the Wall Street giants opens with lights and shadows - JP Morgan beats analysts' estimates on the earnings front and raises its dividend - First drop of the year for Wells Fargo…
JP Morgan closed the fourth quarter of 2014 with a net profit of 4,93 billion dollars, a decrease of 6,6% compared to the same period of 2013 - Revenue and profit growing for Wells Fargo.
Banks and insurance companies push the stock market to recovery: UnipolSai, Finmeccanica, Bpm, Mediolanum and Atlantia the best stocks - Mediaset, WdF, Telecom and luxury are suffering - Indesit doing well after the sale - Rates at historic lows in the Btp auction - Eyes…
In the first six months of the year, net income rose to $11,6 billion ($2,06 per share) from $10,7 billion ($1,90 per share) in the first half of 2013.
