Wall St banks stockpile funds, see uncertain outlook and competition for deposits
By Megan Davies and Lananh Nguyen NEW YORK (Reuters) -Wall Street’s biggest banks stockpiled more rainy-day funds to prepare for…
Business
JPMorgan beats profit estimates, sees mild recession
By Niket Nishant and Saeed Azhar (Reuters) -JPMorgan Chase & Co, the biggest lender in the United States, said on…
Citigroup misses profit estimates on provision hike, dealmaking slowdown
By Mehnaz Yasmin and Carolina Mandl (Reuters) – Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing…
Bank of America profit tops estimates as higher rates boost income
By Manya Saini and Lananh Nguyen (Reuters) -Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by…
Wells Fargo misses profit estimate on higher reserves, scandal costs
By Noor Zainab Hussain and Hannah Lang (Reuters) -Wells Fargo & Co on Friday reported a 50% decline in profit…
Goldman Sachs’ investment team bullish on equities -report
By Carolina Mandl NEW YORK (Reuters) – Goldman Sachs Investment Strategy Group expects U.S. equities to generate positive returns for…
Analysis-Softer inflation print stirs hopes of ‘Goldilocks’ scenario for U.S. markets
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month…
Debt bomb, biotech bump and a bond rally: 2023 money predictions
By Chris Taylor NEW YORK (Reuters) – If there was only one word to sum up 2022, “unpredictable” might be…
Rebound in U.S. stocks faces earnings test
By Caroline Valetkevitch NEW YORK (Reuters) – A tentative bounce in U.S. stocks is about to face a key test,…
Analysis-U.S. credit lures investors but recession risk could mean wild 2023
By Davide Barbuscia, Carolina Mandl and Shankar Ramakrishnan NEW YORK (Reuters) – Investors are increasing their exposure to U.S. corporate…