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Investors are worried that the postpandemic travel surge will fade. → Read More
The bank’s profit fell 47% in the second quarter, signaling the end of a pandemic-era boom in Wall Street deal activity. → Read More
Second-quarter profit at JPMorgan fell 28% even as the nation’s largest bank said it is seeing few signs a recession is imminent, underscoring the uncertainty looming over markets and the economy. → Read More
The big banks start disclosing second-quarter earnings this week, and what executives say about the state of the economy might matter to investors more than how much profit the companies report. → Read More
The ability to lend and maintain capital levels in a hypothetical downturn is measured by the central bank in an annual test. → Read More
Disagreements emerge as the economy performs robustly and sounds alarms at the same time. → Read More
The bank’s CEO reiterates at an investor conference that he expects any U.S. downturn to be mild and short-lived. → Read More
While deal making and trading exceed expectations, the banks’ shares lag behind those of some top rivals. → Read More
The World Economic Forum, delayed by Covid-19, kicks off amid volatile markets and worrying economic signals. → Read More
One of Wall Street’s best-known and most hard-charging banks is offering some employees an uncapped amount of vacation days. → Read More
Vivek Ramaswamy says he has raised $20 million to start a fund manager that would urge companies not to wade into hot-button social or environmental issues. → Read More
Higher rates are usually good news for bank shares, but not this year, with investors worrying that rate increases that are too big or too fast could tip the economy into recession. → Read More
The reading continued what has been a rapid surge in mortgage rates as the busy spring home-selling season takes hold. → Read More
David Solomon and his top deputies will get a slice of profits from the bank’s private-investment funds. → Read More
While U.S. consumers say they aren’t feeling great about the economy, they have a curious way of showing it as big banks report brisk growth in first-quarter card spending. → Read More
Goldman, Morgan Stanley and Citigroup all reported double-digit declines in their first-quarter profit. → Read More
Morgan Stanley’s profit fell 11% from a year ago, reflecting a decline in corporate deal making and a treacherous stretch for markets. → Read More
Analysts expect banks in the S&P 500 to report first-quarter profit of about $28 billion, down 36% from a year ago, as the Ukraine war and inflation unsettle markets. → Read More
The average rate for a 30-year fixed-rate home loan edged higher to 4.72%, its highest reading since December 2018. → Read More
David Solomon will perform at the music festival this summer. → Read More