Bank Earnings Worry Investors
J.P. Morgan Chase and Wells Fargo released first-quarter results that disappointed investors, underlining the industry's struggles with a sluggish economic recovery and the long hangover from the financial crisis.
Weak Demand for Loans Hits Banks
J.P. Morgan Chase and Wells Fargo reported higher first-quarter profits, but mortgage business and profit margins on lending declined, underscoring lackluster demand for new loans.
Indications: Stock futures fall ahead of J.P. Morgan earnngs
Losses pick up for U.S. stock market futures on Friday as investors ready for earnings from bank majors J.P. Morgan Chase & Co. and Wells Fargo & Co. Retail sales and consumer sentiment will also be key for investors.
Stocks to Watch: J.P. Morgan, Wells Fargo to kick off bank earnings
J.P. Morgan Chase and Wells Fargo are likely to take center stage on Friday, with the two banks among the first major financial institutions to report quarterly results.
Banks, Regulators Reach Settlement
Ten U.S. banks reached a $8.5 billion agreement with bank regulators to settle charges of foreclosure abuses. Bank of America, J.P. Morgan Chase, Wells Fargo and Citigroup signed on to the pact.
Big banks waive fees in Hurricane Sandy aftermath
NEW YORK - Major U.S. banks, including Bank of America Corp., JP Morgan Chase & Co., Wells Fargo & Co. and Citigroup, are waiving customer fees in states hit by superstorm Sandy, and in some cases are extending the period in which waivers are in effect, as communities struggle to recover.
Found more than 1 month ago on channel Reuters