David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, on January 23, 2020. Adam Galacia | CNBC Goldman Sachs reported windfall earnings for the second quarter as the company’s focus on trade and investment banking paid off during the market turmoil caused by the coronavirus …
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Wells Fargo (WFC) – Get report on Tuesday it posted a deeper-than-expected second-quarter loss and cut its dividend by a broader-than-expected margin as the coronavirus pandemic continued to hit earnings and the bank’s earnings outlook. The San Francisco-based bank reported a net loss of $ 2.4 billion, or 66 cents …
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Jamie Dimon, CEO of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | fake pictures JPMorgan Chase managed to shake off the most quarterly revenue in its history at the same time that the US economy is in the midst of a sharp recession. The bank posted $ 33.8 billion …
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Charles Scharf Michael Nagle | Bloomberg | fake pictures Wells Fargo released its first quarterly loss since the financial crisis on Tuesday, as the bank set aside $ 8.4 billion in reserves for credit losses linked to the coronavirus pandemic. The bank had a net loss of $ 2.4 billion …
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Pedestrians pass by a Citibank branch in Washington, DC Andrew Harrer | Bloomberg | fake pictures Citigroup reported second-quarter results on Tuesday that beat analysts’ expectations thanks in part to a massive surge in business revenue that helped offset a slowdown in the company’s consumer banking business. This is how …
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