New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 9, 2012
13:20 EDTGS, JPM, USB, MS, BAC, WFC, C'Mortgage mess' may cost U.S. banks as much as $300B, NY Times says
Dozens of new claims against the U.S's largest banks, related to more than $1T worth of securities backed by residential mortgages that devalued during the financial crisis may potentially cost the U.S. banks as much as $300B, says the New York Times. Reference Link
News For GS;JPM;USB;MS;BAC;WFC;C From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | all recent news | >>
October 14, 2014
08:16 EDTWFCWells Fargo reports book value per share $31.55 at quarter end
Reports Q3 net interest margin 3.06%, down from 3.15% at June 30 and down from 3.39% in prior year period.
08:14 EDTWFCWells Fargo reports Q3 Home Lending orignations $48B
Subscribe for More Information
08:11 EDTCCitigroup reports book value per share increased to $67.31
Subscribe for More Information
08:09 EDTWFCWells Fargo continues to see signs of steadily improving economy
Subscribe for More Information
08:08 EDTGSGoldman Sachs October volatility elevated into Q3 and outlook
Subscribe for More Information
08:08 EDTWFCWells Fargo reports $300M reserve release due to improved credit quality
Subscribe for More Information
08:07 EDTCCitigroup to disban Banamex unit
08:05 EDTCCitigroup says illegal conduct, fraud found in Banamex unit probe
Subscribe for More Information
08:04 EDTCCitigroup reports Q3 net credit losses down 14% from prior year to $2.1B
Citigroup reported Q3 net interest margin increased to 2.91%. Net credit losses of $2.1B declined 14% versus the prior year period. Q3 allowance for loan losses was $16.9B at quarter end, or 2.60% of total loans, compared to $20.6B, or 3.16% of total loans, at the end of the prior year period. The $552M net release of loan loss reserves in the current quarter compared to a $675M release in the prior year period. Citigroup asset quality continued to improve as total non-accrual assets fell to $8.0B, a 19% reduction compared to the third quarter 2013.
08:03 EDTWFCWells Fargo reports Q3 EPS $1.02, consensus $1.02
Subscribe for More Information
08:03 EDTCCitigroup discloses results of investigation into security unit in Mexico
Subscribe for More Information
08:01 EDTCCitigroup to exit consumer businesses in 11 markets
Citigroup announced strategic actions to accelerate the transformation of Global Consumer Banking by focusing on those markets where it has the greatest scale and growth potential. As a result, Citigroup intends to exit its consumer businesses in 11 markets. The new consumer banking footprint will serve nearly 57 million clients in 24 markets that capture over 95% of GCB’s existing revenue base, while further simplifying its operations and improving its performance. The affected businesses include the consumer franchises in Costa Rica, Czech Republic, Egypt, El Salvador, Guam, Guatemala, Hungary, Japan, Nicaragua, Panama and Peru, as well as the consumer finance business in Korea. Active sales processes are underway for the majority of the businesses, and subject to market conditions and regulatory and other approvals, the strategic actions are currently expected to be substantially completed by year-end 2015. The businesses will be reported as part of Citi Holdings as of the first quarter 2015 to provide greater transparency with respect to the performance of the ongoing operations reported in GCB. Citigroup’s Institutional Clients Group will continue to serve clients in these markets. “I am committed to simplifying our company and allocating our finite resources to where we can generate the best returns for our shareholders. While we have made progress optimizing these 11 consumer markets, we believe our Global Consumer Bank will achieve stronger performance by focusing on the countries where our scale and network provide a competitive advantage,” CEO Michael Corbat said.
08:00 EDTCCitigroup reports Q3 revenue $20B ex- CVA/DVA
Subscribe for More Information
07:59 EDTCCitigroup reports Q3 EPS $1.15 ex CVA/DVA, consensus $1.12
Subscribe for More Information
07:13 EDTCCitigroup chairman suggests wrapping FDIC, OCC into single regulator, WSJ says
Citigroup Chairman Michael O'Neill is calling for a more rational regulatory landscape, the Wall Street Journal reports. He suggests wrapping the FDIC and the Office of the Comptroller of the Currency into a single banking regulator. Reference Link
06:47 EDTJPMJPMorgan: While challenges remain in recovery, US economy is exception
Subscribe for More Information
06:46 EDTJPMJPMorgan reports Q3 Consumer & Business banking deposits up 9%
Reports Q3 credit card sales volume up 12%; Reports Q3 client investment assets up 16%. Reports Q3 Business Banking loan origination up 27%.
06:06 EDTJPMUKAR sells GBP 2.7B mortgage portfolio to JPMorgan consortium
Subscribe for More Information
05:33 EDTJPMJPMorgan reports Q3 headcount 138,686 vs. 156,064 last year
Subscribe for More Information
05:31 EDTJPMJPMorgan reports Q3 results included $2.96B in other expenses
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use