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Morgan Stanley is one of Wall Street's premier investment banks

Morgan Stanley profit beats estimates on dealmaking

Morgan Stanley has today disclosed an almost $1 billion loss from the collapse of private fund Archegos, muddying a 150% jump in first-quarter profit that was powered by a boom in trading and deal-making.

Business • 16 Apr 21

Citigroup said its net income tripled to $7.94 billion, or $3.62 per share, from $2.54 billion, or $1.06 per share, a year ago

Citigroup profit triples on $3.85bn reserve release

Citigroup has today trounced analysts' first-quarter profit estimates as its outlook for an economic recovery driven by vaccinations and government stimulus allowed it to release reserves set aside for loan losses from the pandemic.

Business • 15 Apr 21

Bank of America is the second-largest US bank by assets

Bank of America's Q1 profit more than doubles

Bank of America's profit more than doubled in the first quarter and topped Wall Street estimates as it released reserves it had set aside to cover potential coronavirus loan losses.

Business • 15 Apr 21

Wells Fargo is the fourth largest US lender

Wells Fargo commits less funds for bad loans

Wells Fargo & Co has today reported a strong rebound in first-quarter profit as the bank set aside less money to cover soured loans.

Business • 14 Apr 21

Goldman Sachs said its first quarter earnings per share rose to $18.60 from $3.11 a year earlier

Goldman Sachs profit jumps on record global dealmaking

Goldman Sachs Group has today reported a massive jump in first-quarter profit, as Wall Street's biggest investment bank capitalised on record levels of global dealmaking activity.

Business • 14 Apr 21

JPMorgan Chase & Co is widely seen as a barometer of the health of the broader US economy

JPMorgan profit soars on trading, investment bank boost

JPMorgan Chase & Co has reported substantially higher first-quarter earnings, as the largest US bank released more reserves and was aided by a blowout quarter from its trading desks and soaring investment banking fees.

Business • 14 Apr 21

Morgan Stanley said its net revenue rose to $13.64 billion in the fourth quarter, from $10.86 billion last year

Morgan Stanley profit surges on trading strength

Morgan Stanley's profits surged in the fourth quarter, racing past estimates as the Wall Street bank's trading business benefited from coronavirus-induced volatility in financial markets.

Business • 20 Jan 21

Goldman Sachs Group has reported a 153% jump in fourth-quarter profit

Goldman Sachs profit surges past estimates

Goldman Sachs Group today dwarfed estimates with a 153% jump in fourth-quarter profit, powered by another strong performance at its core bond trading and underwriting business and an uptick in merger and acquisition activity.

Business • 19 Jan 21

Bank of America reported a 13% fall in consumer banking revenue to $8.2 billion, citing a hit from lower interest rates

Bank of America points to economic recovery

Bank of America posted a drop in fourth-quarter profit today that still topped Wall Street expectations and pointed to signs of an economic recovery as the pace of consumer spending gathers steam.

Business • 19 Jan 21

Wells Fargo said its costs associated with bad loans decreased by $823m compared to last year

Wells Fargo profit beats estimates as credit costs fall

Wells Fargo has reported a quarterly profit that beat Wall Street estimates, as stabilising credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the Covid-19 pandemic.

Business • 15 Jan 21

The bank's net income rose to $12.1 billion in the quarter ended December 31, from $8.5 billion a year earlier

JPMorgan Q4 profit jumps on investment banking strength

JPMorgan Chase & Co has today reported a higher fourth-quarter profit, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest US bank's lending business.

Business • 15 Jan 21

Morgan Stanley said its earnings per share rose to $1.66 from $1.27 a year ago

Morgan Stanley's quarterly profit beats estimates

Morgan Stanley eased past Wall Street estimates for profit today, wrapping up mixed third-quarter earnings for big US banks that saw those focused on trading clocking big gains while retail banks took a hit from the pandemic.

Business • 15 Oct 20

Goldman Sachs' profits were driven by a resurgence in deal-making and continued strength in its trading and underwriting businesses

Goldman Sachs profit nearly doubles on trading surge

Goldman Sachs Group has today reported a 94% rise in quarterly profit, driven by a resurgence in deal-making and continued strength in its trading and underwriting businesses.

Business • 14 Oct 20

Bank of America, the second largest US bank by assets, has set aside $1.4 billion as reserves to cover loan losses

Bank of America's profit falls on higher provisions

Bank of America has today reported a 15.8% drop in quarterly profit, hit by higher provisions for credit losses and a slump in performance in three of its four chief segments.

Business • 14 Oct 20

JP Morgan Chase is the biggest US lender

JPMorgan beats profit estimates as trading booms

JPMorgan Chase & Co comfortably beat Wall Street estimates for third-quarter profit today as trading revenue surged past its own expectations on the back of a rebound in global financial markets.

Business • 13 Oct 20

The Fed said the largest US banks have struggled to model the unprecedented downturn and ensuing rescue programmes

Federal Reserve caps bank dividend payments

The US Federal Reserve said it will cap big bank dividend payments and bar share repurchases until at least the fourth quarter after finding lenders faced significant capital losses when tested against an economic slump caused by the coronavirus pandemic.

Business • 26 Jun 20

Morgan Stanley's advisory and wealth management businesses took a hit from the economic fallout of the Covid-19 pandemic

Morgan Stanley profit plunges as deals hit by Covid-19

Morgan Stanley has today posted a 32% fall in quarterly profit as its advisory and wealth management businesses took a hit from the economic fallout of the Covid-19 pandemic.

Business • 16 Apr 20

Analysts expect Bank of America to weather the downturn better than its peers due to its smaller exposure to credit cards and tighter credit standards

Bank of America profit slumps as loan provisions soar

Bank of America has today reported a steep drop in first-quarter profit as it prepared for billions in potential loan losses amid fears that the coronavirus pandemic would plunge the economy into its worst recession in generations.

Business • 15 Apr 20

Goldman Sachs has set aside significantly higher provisions related to corporate loans due to the impact of Covid-19

Goldman Sachs profit halves on higher loan provisions

Goldman Sachs Group has today reported a 49% drop in quarterly profit, as it set aside significantly higher provisions related to corporate loans due to the impact of Covid-19.

Business • 15 Apr 20

Morgan Stanley saw stronger bond trading and underwriting business in the fourth quarter of 2019

Gorman boosts Morgan Stanley's performance targets

Morgan Stanley has today lifted its performance goals after beating Wall Street estimates by a wide margin, the latest sign that chief executive James Gorman's strategic vision for the bank is bearing fruit.

Business • 16 Jan 20

Bank of America is the most vulnerable among the big US banks to fluctuations in interest rates

Bank of America beats on bond trading boost

Bank of America today beat analysts' estimates for quarterly profit, as the second-biggest US lender's bond trading division posted a strong showing, eclipsing declines at its three other major businesses.

Business • 15 Jan 20

Excluding the impact of a tax benefit, the bank earned $1.90 per share in the fourth quarter

Citigroup profit up 15% on credit card, trading revenue

Citigroup today beat analysts' estimates for fourth-quarter profit, boosted by growth in its credit card business and a jump in trading revenue.

Business • 14 Jan 20

Wells Fargo's new CEO promises changes as profit slumps

Wells Fargo & Co has reported a 55% fall in quarterly profit, as it struggled to grow in a lower interest rate environment and saw a surge in cost stemming from the regulatory fallout of a series of sales scandals.

Business • 14 Jan 20

JPMorgan profit gets boost from trading, underwriting

JPMorgan Chase & Co has today posted its biggest-ever annual profit as its bond trading business bounced back in the last three months of the year, setting an upbeat tone for the big US banks reporting this week.

Business • 14 Jan 20

Morgan Stanley said it was buoyed by higher revenue from bond trading and M&A advisory fees in the third quarter

Morgan Stanley profit beats estimates on bond trading

Morgan Stanley capped quarterly earnings from big US banks with a higher-than-expected profit on strength in bond trading and M&A advisory.

Business • 17 Oct 19

Us Banks

Morgan Stanley profit beats estimates on dealmaking

Citigroup profit triples on $3.85bn reserve release

Bank of America's Q1 profit more than doubles

Wells Fargo commits less funds for bad loans

Goldman Sachs profit jumps on record global dealmaking

JPMorgan profit soars on trading, investment bank boost

Morgan Stanley profit surges on trading strength

Goldman Sachs profit surges past estimates

Bank of America points to economic recovery

Wells Fargo profit beats estimates as credit costs fall

JPMorgan Q4 profit jumps on investment banking strength

Morgan Stanley's quarterly profit beats estimates

Goldman Sachs profit nearly doubles on trading surge

Bank of America's profit falls on higher provisions

JPMorgan beats profit estimates as trading booms

Federal Reserve caps bank dividend payments

Morgan Stanley profit plunges as deals hit by Covid-19

Bank of America profit slumps as loan provisions soar

Goldman Sachs profit halves on higher loan provisions

Gorman boosts Morgan Stanley's performance targets

Bank of America beats on bond trading boost

Citigroup profit up 15% on credit card, trading revenue

Wells Fargo's new CEO promises changes as profit slumps

JPMorgan profit gets boost from trading, underwriting

Morgan Stanley profit beats estimates on bond trading