Banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) posted their third-quarter earnings this morning. All three beat earnings estimates, navigating economic headwinds and benefitting from highe
Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes
Citigroup chief Jane Fraser has unveiled a plan to eliminate five layers of management in what is poised to become the bank's largest restructuring in two decades, according to a presentation unveiled

Big Banks Beat in Q3, Import Prices Lower

12:01pm, Friday, 13'th Oct 2023
JPMorgan, Citi and Wells Fargo all beat estimates on both top and bottom lines. So far so good for the Big Banks in Q3.
Citigroup's (C) Q3 results are supported by the Personal Banking and Wealth Management segment's robust revenues. However, a higher cost of credit acts as a spoilsport.

Major Banks Start Reporting Q3 Earnings

12:01pm, Friday, 13'th Oct 2023
It's the unofficial start to Q3 earnings season with the morning releases of some of the biggest banks on Wall Street. In truth, we've been seeing Q3 reports come in dribs and drabs previously this we
Nathan Sheets, Citi Global chief economist, joins 'Squawk on the Street' to discuss the Federal Reserve's interpretation of the September CPI report, how the categories of inflation will play out, and
Citigroup Inc (NYSE: C) opened in the green this morning after reporting market-beating results for its third financial quarter.
Citigroup (C) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.50 per share a year ago.
David George, Baird senior analyst, joins 'Squawk Box' to discuss the quarterly earnings results from big banks, what the key takeaways are for investors, state of regional banks, and more.
Earnings season has come for Big Banks. JPMorgan Chase & Co. (JPM) beats earnings estimates on the top and bottom lines with CEO Jamie Dimon warning on interest rate pressures and geopolitical tension
Major U.S. banks on Friday reported rising profits from higher interest rates on loans, but warned the economy was slowing as customers depleted their savings.
Results from bank stocks JPMorgan Chase & Co. NYSE: JPM, Wells Fargo NYSE: WFC, and Citigroup NYSE: C are marking the start of peak Q3 earnings reporting season. The news is good, and the stocks are u
Citigroup (C)'s third quarter profit rose more than expected as revenue grew at a faster clip, even though some of that growth was offset by higher expenses.
Earnings season kicked off with results from three major banks. JPMorgan Chase and Wells Fargo saw profits surge from year-ago levels.
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