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Bank of America beats on earnings
Bank of America reported second quarter earnings on Wednesday that were stronger than expected.The bank reported earnings per share of $0.45 on revenue of $22.35 billion.Earnings included a one-time...
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One of the biggest takeaways from bank earnings so far could be big news for...
One of the biggest takeaways from the first few days of bank earnings is that banks are once again eager to let consumers take on more debt.And this could be big news for stocks and the US economy.Bank...
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Suddenly, Wall Street is obsessed with something that used to be an afterthought
While the world was seemingly at peace — before the financial crisis, war in Eastern Europe, and chaos in the Middle East — Wall Street's masters of the universe could keep geopolitics in the recesses...
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Wall Street banks want robots to do more and more of their business (BAC,...
Wall Street is going digital and it isn't coming back. Big banks are cutting jobs and expanding their presence online, doing more marketing and adding mobile services. And their customers are eating it...
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This soldier-turned-commodities trader backed by Paul Tudor Jones is buying...
As Wall Street banks scale down proprietary trading in order to comply with new regulations, new people are moving onto the other side of those sales.One of those people is a former special operations...
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Watching Ted Cruz talk to a room full of Wall Streeters is about as awkward...
Tea Party darling and presidential candidate Ted Cruz just spoke before a room full of Wall Streeters at CNBC's Delivering Alpha Conference, and it was awkward.For one thing, Cruz accused big Wall...
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Carl Icahn told Larry Fink that Blackrock is 'dangerous' to his face
Billionaire activist investor Carl Icahn and Larry Fink, the CEO of multi-trillion dollar asset management firm BlackRock, were on a panel together at the CNBC/Institutional Investor Conference at the...
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Ex-JPMorgan star Blythe Masters is going to work for one of the biggest US...
Wall Street star Blythe Masters is heading to Santander Consumer, one of the biggest auto loan financing companies in the U.S.There, she will serve as the non-executive chair of the company's board of...
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Goldman Sachs had a great quarter … if you ignore legal costs
Goldman Sachs reported second-quarter earnings on Thursday that came in stronger than expected ... if you ignore legal costs.The bank reported earnings per share of $1.98 on revenue of $9.07...
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Citigroup beats earnings estimates (C, GS, WFC, BAC, JPM, ms)
Citigroup's second quarter earnings topped estimates, the bank reported Thursday morning. The bank reported $1.45 a share in adjusted earnings.The bank's shares rose by 2% in pre-market trading. The...
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How a debate between 2 of Wall Street's most powerful CEOs went completely...
On Wednesday, legendary activist investor Carl Icahn and BlackRock CEO Larry Fink were supposed to debate activist investing in a live broadcast from the CNBC Delivering Alpha Conference.But the...
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Bank of America interns are 'not expected' to work past midnight. Here are...
In 2013, a 21-year-old London-based Bank of America intern named Moritz Erhardt died.His death was ruled to be due to natural causes, but people worried he may have been overworked.Since then, the...
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15 of the toughest interview questions you'll hear on Wall Street
Interviewing on Wall Street is a notoriously trying process, and job seekers often come up against questions that could send even the calmest candidate into a tailspin.Despite how ludicrous some of...
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Goldman Sachs' newly minted billionaire CEO Lloyd Blankfein grew up in the...
Goldman Sachs' CEO Lloyd Blankfein is officially a billionaire.The bank CEO now has an estimated $1.1 billion net worth thanks to the rise in Goldman's stock price. (About $500 million of his worth is...
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Wall Street is picking its candidates in the 2016 presidential race — and 2...
The latest campaign-finance reports reveal which candidates are raising the most cash from big banks and investment firms. And two of the biggest winners were the front-runners — Democrat and former...
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It's been 5 years since Wall Street got hit with Dodd-Frank and not much has...
By the time most of us are five years old, we’re walking, talking and learning new skills at a rapid clip. In other words, we’re leading a vigorous and independent existence.The Dodd–Frank Wall Street...
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FORGET MASERATI: This banker literally had the most 'wild' rides
Wall Street's masters of the universe are known for their penchant for driving some seriously hot rides — Ferraris, Lamborghinis, Aston Martins, Maseratis, etc. But perhaps the most wild rides in the...
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Morgan Stanley beats expectations
Morgan Stanley reported second-quarter earnings on Monday that beat on the top and bottom lines.The bank reported earnings per share of $0.85 on revenue of $9.7 billion.Excluding one-time items,...
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Actually, Barclays may not be cutting 30,000 jobs
(Reuters) - Barclays has set no new targets to cut jobs beyond the 19,000 redundancies which it announced in May last year, sources familiar with the matter said on Monday, playing down a report of...
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Here's how much money each of Wall Street's big banks made this quarter (GS,...
With the fifth anniversary of Dodd-Frank approaching on Tuesday, Wall Street has shown that it can still rake in profits even in the tougher regulatory environment.The country's biggest banks have...
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