[ad_1] Managers and consultants working on Citigroup CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, according to sources. Executives will see cuts…
Tag: Wells Fargo & Co
Customers grapple with deposit delays at big banks. What it means for you
[ad_1] Customers at several big banks on Friday wrestled with direct deposit delays stemming from an industry-wide processing issue. The Federal Reserve reported a problem with the Electronic Payments Network,…
Big banks are quietly cutting thousands of employees, and more layoffs are coming
[ad_1] Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying…
Bank of America tops profit estimates on better-than-expected interest income
[ad_1] Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Earnings per share: 90 cents vs. expected 82 cent estimate…
Wells Fargo shares rise after third-quarter results top Wall Street expectations
[ad_1] A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023. Justin Sullivan | Getty Images Wells Fargo on Friday surpassed Wall…
Citigroup stock rises slightly on better-than-expected revenue for the third quarter
[ad_1] Citigroup reported its third-quarter results on Friday morning, with solid growth in both institutional clients and personal banking fueling higher-than-expected revenue and earnings per share. Here’s what the company…
Why Jim Cramer thinks the stock market is now ‘bifurcated’
[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. equities moved…
JPMorgan Chase tops profit expectations as bank benefits from higher rates, benign credit
[ad_1] Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard…
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
[ad_1] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February…
These regional banks are at risk of being booted from the S&P 500
[ad_1] A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images The stock selloff that hit regional banks this year has exposed lenders…