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A top Wall Street CEO has a fresh pitch to millennials
Moelis & Company founder Ken Moelis wants to make Wall Street exciting again for young people.The star investment banker, who launched his own boutique firm in 2007, said in a recent interview with...
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JPMorgan had a record-breaking quarter (JPM)
JPMorgan on Friday reported third-quarter earnings that crushed expectations.The firm reported earnings per share of $1.58 on adjusted revenue of $24.67 billion.Analysts were expecting adjusted...
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Citigroup beats on Q3 earnings
Citigroup just reported third-quarter earnings and beat expectations.The bank delivered adjusted earnings per share of $1.24 on revenues of $17.76 billion. Analysts expected adjusted earnings per share...
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JPMorgan smashed it out of the park thanks to growth in one huge business
JPMorgan kicked off earnings season for banks on Friday and crushed it.The firm beat analyst expectations across investment banking and trading — and had a historically strong quarter in one business...
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Wall Street had a great Friday morning (JPM, C, WFC)
Wall Street was celebrating Friday morning as JPMorgan, Citi, and Wells Fargo all reported third-quarter earnings that beat expectations.JPMorgan beat analyst expectations across investment banking and...
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JPMORGAN: We've had problems like Wells Fargo — but they're not 'systemic'...
JPMorgan has encountered some of the cross-selling issues that have recently plagued Wells Fargo — but it's nothing "systemic."That's according to chief financial officer Marianne Lake, who said on a...
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Ohio is dumping Wells Fargo after John Kasich called the bank a 'disgrace' (WFC)
John Kasich is furious at Wells Fargo, and now his state is cutting off its business with the bank for at least one year.In an interview with Business Insider on Thursday, the Ohio governor and...
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Here's what Hillary Clinton said to Wall Street, according to the Wikileaks...
WASHINGTON (AP) — Hillary Clinton generally avoided direct criticism of Wall Street as she examined the causes and responses to the financial meltdown during a series of paid speeches to Goldman Sachs,...
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A sociologist trained to become a tax-avoidance expert — here's what she...
Shakespeare said that all the world’s a stage, but the sociologist Erving Goffman added that most of the interesting stuff lies behind the scenes, in what he called the “backstage” areas of everyday...
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A titan of Wall Street is getting his own TV show
On Monday night at 8 p.m. EST, Bloomberg TV is launching a new show starring one of Wall Street's most prominent figures, David Rubenstein, the founder and co-CEO of the private-equity firm The Carlyle...
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Bank of America beats, has a historic quarter for banking
Bank of America Merrill Lynch on Monday reported third-quarter earnings that beat on the top and bottom lines.The firm reported earnings per share of $0.41 on revenue of $21.64 billion.Analysts were...
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Wall Street's dealmakers are having a historically good time of it
Bank of America reported strong third-quarter earnings on Monday — and the bank's dealmakers had a big hand in the performance.The firm's corporate and investment bank had its best third quarter since...
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Wall Street is making a mistake about Ford CEO Mark Fields' plans for the...
Sales up, stock down. That's the reality at Ford these days, as the automaker has ridden a wave of recovering pickup truck and SUV sales, bouncing back from the darkest days of the Great Recession when...
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David Tepper: One presidential candidate is 'demented, narcissistic, and a...
David Tepper, the CEO and founder of the hedge fund Appaloosa Management, is not one for mincing words.And in a wide-ranging interview with CNBC's Scott Wapner on Monday, he had some choice words for...
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Big beat for Goldman Sachs (GS)
Goldman Sachs reported third-quarter earnings Tuesday and it was a big beat.The firm reported diluted earnings per share of $4.88 on revenue of $8.17 billion.Analysts were expecting adjusted earnings...
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Republican Wall Street donors are rejecting Donald Trump and looking...
Largely united in their dislike of Republican presidential candidate Donald Trump, some ultra-wealthy U.S. investors who play in conservative politics are warily weighing their choices, torn between...
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Why the best-known investment bank in the world now wants to lend you money
Goldman Sachs has officially booked its first consumer loan.That's according to Chief Financial Officer Harvey Schwartz, who told analysts on a call following the release of third-quarter earnings...
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Morgan Stanley beats, has record-breaking quarter for wealth management
Morgan Stanley on Wednesday reported third-quarter earnings that beat on the top and bottom lines.The firm reported diluted earnings per share of $0.81 on revenue of $8.91 billion.Analysts were...
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Morgan Stanley fired a bunch of bond traders last year — now the business is...
Morgan Stanley may finally be seeing a turnaround in a hugely significant — but recently disastrous — business.The firm just had its strongest quarter in fixed income sales and trading since the...
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The $17 billion Walgreens-Rite Aid deal looks like it's in trouble (RAD, WBA)
Traders have lost faith in Walgreens' giant deal to buy Rite Aid.Rite Aid's shares were sliding Wednesday after a report from the New York Post said the supermarket chain Kroger may no longer be...
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