Text size The Goldman Sachs building is seen in lower Manhattan Photograph by Spencer Platt / Getty Images Goldman Sachs Group has just reported an explosive quarter, thanks to an increase in trade and subscription, but Wall Street wonders how long the good times will last. The investment bank’s shares …
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Text size Cindy Ord / Getty Images Citigroup reported better-than-expected results for the second quarter, but the news failed to raise the stock. Earnings for Citigroup (ticker: C) totaled $ 1.3 billion, or 50 cents a share, better than the 35 cents stock analysts expected, but 73% below earnings of …
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Wells Fargo said Monday that it is expected to cut its dividends by an unspecified amount after an annual banking sector health stress test by the Federal Reserve, which represents the only major bank so far that has They reduce shareholder distributions after Examining the financial means of the country’s …
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The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …
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Xinhua / Wang Ying / Getty Images The bank’s shares rose Thursday after financial regulators announced they would ease the Volcker Rule from the era of the financial crisis. The Volcker Rule generally prohibits banks from engaging in property operations and having certain relationships with hedge funds and private equity …
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