Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C) all hovering near 52-week highs.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
The announcement took Piepszak out of the running in the closely-watched JPMorgan succession race. For a few years, the former firm CFO had served as co-CEO of consumer and commun
JPMorgan Chase & Co.'s Chief Executive Jamie Dimon told analysts on Wednesday he plans to stay in the job "for a few more years." That would mean that Dimon, who will be 69 in March, would stay at the helm of the U.
Sheer size doesn't guarantee future growth, though. Indeed, the bigger the organization gets, the more difficult it can be to find new ways to tack on even more size. For any company to be the basis for a life-changing investment, it must be able to firmly outpace the mere rising tide of inflation and population growth.
JPMorgan Chase executives are hoping to tackle the massive growth in the number of employees working at the country’s biggest bank. Jeremy Barnum, chief financial officer, said the bank is focused on getting a hold on its headcount growth,
JPMorgan Chase, the largest bank in the U.S. by assets, reported fourth-quarter net income of $14 billion, topping Wall Street’s expectations of $11.7 billion. Quarterly profit rose 50% from a year earlier.
JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”
JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday, while Bank of America (BAC) and Morgan Stanley (MS) release results on Thursday. RBC Capital markets analyst Gerard Cassidy joins Seana Smith and Brad Smith to discuss what investors can expect from Big Bank earnings.
According to Gov. Gavin Newsom's office, Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo are offering a 90-day forbearance of their mortgage payments, without reporting the payments to credit reporting agencies.
Jamie Dimon, the chief executive of JPMorgan Chase, said in a statement alongside the bank's fourth-quarter earnings that the U.S. economy “has been resilient” and that businesses appear more upbeat.
Big banks including JPMorgan Chase and Goldman Sachs start reporting their fourth-quarter earnings today. Here are three things to eye in the results: 1\. Revenues from investment banking and trading Donald Trump’s prospective return to the White House sparked hopes of a boom on Wall Street.