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M&T Bank quarterly profit rises on higher fees

M&T Bank has today reported a more than 9% rise in second-quarter profit, helped by higher fee revenue from its mortgage banking and trust businesses.

Business • 16 Jul

Bank of America profit rises on market turmoil boost

Bank of America's profit rose in the second quarter as its traders brought in more revenue from tumultuous markets in the second quarter, it said today.

Business • 16 Jul

Citigroup profit jumps as volatility drives windfall

Citigroup's profit rose in the second quarter as its traders brought in a windfall from turbulent markets.

Business • 15 Jul

Wells Fargo profit rises on lower bad loan provisions

Wells Fargo's profit rose in the second quarter as it set aside less money to shield for potential bad loans.

Business • 15 Jul

JPMorgan lifts interest income forecast after profit beat

JPMorgan Chase has today raised its net interest income forecast for 2025 after strong performance in its investment banking and trading divisions helped it surpass profit expectations for the second quarter.

Business • 15 Jul

Jane Fraser, the CEO of Citigroup - third-largest US lender

Citigroup profit beats estimates as stock trading jump

Citigroup has today beaten Wall Street estimates for first-quarter profit as its traders reaped a windfall from volatile markets that fueled client activity.

Business • 15 Apr

Bank of America said its net interest income - the difference between what banks earn on loans and pay out on deposits - grew 3% to $14.4 billion in the first quarter of 2025

Bank of America's Q1 profit rises on trading strength

Bank of America's profit rose in the first quarter, as market volatility boosted its trading fees, lifting the shares of the bank up 1.9% before the open.

Business • 15 Apr

Goldman Sachs said its profit rose to $4.74 billion, or $14.12 per share, for the three months ended March 31

Goldman Sachs' profit jumps as traders deliver gains

Goldman Sachs has reported a 15% rise in first-quarter profit as market volatility led to record revenue in equities trading and boosted fixed income results.

Business • 14 Apr

Morgan Stanley's profit rises on volatile markets boost

Morgan Stanley's first-quarter profit rose as its traders cashed in on market volatility that boosted client activity.

Business • 11 Apr

JPMorgan Chase CEO Jamie Dimon warned yesterday that trade wars could have lasting negative consequences, including inflation and recession

US bank earnings may be overshadowed by recession fears

As US lenders begin to report earnings this week, investors' focus will likely shift from profits to bank bosses' remarks on the economy after President Donald Trump unveiled steep tariffs and triggered a market selloff.

Business • 08 Apr

Morgan Stanley had more than 80,000 employees worldwide at the end of last year

Morgan Stanley to lay off 2,000 workers to trim costs

Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter has told Reuters.

Business • 19 Mar

Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account, according to the Financial Times

Citigroup mistakenly credits account with $81 trillion

Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the transaction, a "near miss" that shows up the bank's operational issues it has sought to fix, the Financial Times reported today.

Business • 28 Feb

JPMorgan Chase CEO Jamie Dimon has demanded more efficiency from staff and stressed that employees have a choice whether to work at the bank

JPMorgan CEO Dimon dismisses in-office work pushback

JPMorgan Chase CEO Jamie Dimon scorned calls from some employees to soften the bank's five-day return-to-office policy in an animated town hall meeting this week, according to a recording reviewed by Reuters.

Business • 13 Feb

Bill Winters, the Standard Chartered CEO, is at Davos this year

Banks run Trump 'war rooms' as trade ructions expected

Bankers at JPMorgan worked through the night in a "war room" to try and assess the early impact of US President Donald Trump's administration on global trade, regulation and other matters, an executive at the bank said today.

Business • 21 Jan

Morgan Stanley said its investment banking revenue rose 25% to $1.64 billion in the fourth quarter of last year

Morgan Stanley profit up on investment banking recovery

Morgan Stanley's profit increased in the fourth quarter, fueled by a wave of dealmaking and stock sale by the investment bank.

Business • 16 Jan

Bank of America said its investment banking fees jumped 44% to $1.7 billion in the fourth quarter, compared with a year earlier

Bank of America profit jumps on investment banking

Bank of America has today reported higher profit as its investment bankers capitalised on resurgence in dealmaking in the fourth quarter while the lender predicted it would earn more interest income in 2025.

Business • 16 Jan

Goldman Sachs' profit rose to $4.11 billion for the fourth quarter ended December 31, compared with $2.01 billion a year ago

Goldman Sachs' quarterly profit surges

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Business • 15 Jan

Wells Fargo said itss investment banking fees jumped 59% to $725m in the fourth quarter compared with a year earlier

Wells Fargo earnings climb as investment banking shines

Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said today.

Business • 15 Jan

JP Morgan Chase was buoyed by a strong economy and interest rate cuts that boosted stock sales and bond offerings

JPMorgan Chase posts record annual profit

JPMorgan Chase has today posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter, sending shares of the biggest US bank up nearly 3% in premarket trading.

Business • 15 Jan

Investment bank Morgan Stanley has reported a profit of $3.19 billion for the three months ended September 30

Morgan Stanley's profit jumps on recovery in dealmaking

Morgan Stanley said today that its third-quarter profit surged 32%, fueled by a rebound in dealmaking that had also buoyed its rivals, sending its shares up 3% before the market open.

Business • 16 Oct 24

Citigroup's third quarter profit drops by 9%

Citigroup said its profit fell 9% in the third quarter as it set aside more money to cover the risk of loan defaults, particularly on credit cards.

Business • 15 Oct 24

Bank of America said its investment banking fees jumped 18% to $1.4 billion

Bank of America's third quarter profit beats estimates

Bank of America said its third-quarter profit dropped as it paid more to customers to hold onto their deposits, although its results beat estimates, driven by strong activity in investment banking and trading.

Business • 15 Oct 24

Goldman Sachs said its investment banking fees jumped 20% to $1.87 billion in the third quarter of this year

Goldman Sachs profit jumps 45% on investment banking

Goldman Sachs said its third-quarter profit jumped 45%, fueled by a rebound in bond sales, stock offerings and mergers, sending its shares up more than 3% in premarket trading.

Business • 15 Oct 24

Wells Fargo is the fourth-largest US lender

Wells Fargo's profit falls on lower interest income

Wells Fargo's third quarter profit fell as the bank's interest income was squeezed by subdued loan demand and higher payments to depositors.

Business • 11 Oct 24

JP Morgan Chase has posted a profit was $12.90 billion for the three months ended September 30, compared with $13.15 billion a year ago

JPMorgan profit down on bigger provisions for loan losses

JPMorgan Chase's profit dropped in the third quarter as a bigger provision for potential loan defaults offset gains from investment banking, the bank said today.

Business • 11 Oct 24

Us Banks

M&T Bank quarterly profit rises on higher fees

Bank of America profit rises on market turmoil boost

Citigroup profit jumps as volatility drives windfall

Wells Fargo profit rises on lower bad loan provisions

JPMorgan lifts interest income forecast after profit beat

Citigroup profit beats estimates as stock trading jump

Bank of America's Q1 profit rises on trading strength

Goldman Sachs' profit jumps as traders deliver gains

Morgan Stanley's profit rises on volatile markets boost

US bank earnings may be overshadowed by recession fears

Morgan Stanley to lay off 2,000 workers to trim costs

Citigroup mistakenly credits account with $81 trillion

JPMorgan CEO Dimon dismisses in-office work pushback

Banks run Trump 'war rooms' as trade ructions expected

Morgan Stanley profit up on investment banking recovery

Bank of America profit jumps on investment banking

Goldman Sachs' quarterly profit surges

Wells Fargo earnings climb as investment banking shines

JPMorgan Chase posts record annual profit

Morgan Stanley's profit jumps on recovery in dealmaking

Citigroup's third quarter profit drops by 9%

Bank of America's third quarter profit beats estimates

Goldman Sachs profit jumps 45% on investment banking

Wells Fargo's profit falls on lower interest income

JPMorgan profit down on bigger provisions for loan losses