Fourth-quarter earnings at JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup beat analysts’ estimates.
A potential successor to BlackRock CEO Larry Fink is reportedly leaving the firm, narrowing the list of contenders to become the next boss of the world's largest money manager.
Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint.
Fink and other top executives had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon footprint, joining Net Zero in 2021.
Big banks kick off Q4 results with Goldman Sachs, JPMorgan Chase, Wells Fargo, BlackRock, Citi reporting. Some names are basing.
See which banks, hedge funds, and private equity firms have called staff back five days a week and which allow some work from home.
Citigroup saw similar strengths, posting a $2.86 billion profit compared with a year-ago net loss of $1.84 billion. Among other financial firms, trust bank and asset manager Bank of New York Mellon rose by more than 7% as it raked in higher fees from clients. Shares of credit-card lender American Express rose in sympathy.
BLACKROCK is parting ways with one of the world’s biggest climate investor groups after being targeted by Republican politicians for its efforts on global warming. Read more at The Business Times.
Here are some of the biggest premarket US stock movers today: Goldman Sachs (NYSE: GS) stock rose 2.2% after the investment bank’s profit more than doubled in the fourth quarter, driven by strong reading results.
Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.
JPMorgan (JPM) and Wells Fargo (WFC) beat forecasts, boosting Dow futures 200 points. Will CPI data sustain the rally or reverse market gains?