Jpmorgan Chase And Well Fargo

The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the US economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.

JPMorgan Chase & Co, the biggest US bank by assets, reported a better-than-expected quarterly profit for the last quarter of the year as it kept a tight lid on expenses and legal costs dropped sharply.

With earnings season underway, Wall Street is temporarily putting the Federal Reserve and macroeconomic policy on the back burner in favor of a focus on individual company results and forecasts for a pulse on the economy's health.

A more robust US economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices.

A number of big banks are due to report their quarterly and full-year results next week, including JPMorgan Chase & Co and Wells Fargo & Co on Tuesday, Bank of America Corp on Wednesday, Goldman Sachs Group Inc and Citigroup Inc on Thursday, and Morgan Stanley on Friday.

Jamie Dimon, JPMorgan Chase & Co Inc's hard-charging chief executive, looked a bit more vulnerable on Friday after the bank took a $7.2 billion hit from litigation expenses and posted its first quarterly loss since 2004.

JPMorgan Chase & Co reported a 31 per cent rise in quarterly profit on Friday as trading revenue rebounded and the biggest US bank by assets set aside less money to cover bad loans.

New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses.

The 500 largest US companies scored near-record profits last year and retailer Wal-Mart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine said today.

The newest stress tests for U.S. banks produced scores that are at odds with other measures of lenders' safety, in another sign that some institutions may be too big for regulators to understand and executives to manage. For example, Citigroup Inc, which has been bailed out multiple times by the U.S. government, showed up on the score sheets posted...

JPMorgan Chase & Co's board of directors cut chief executiveJamie Dimon's annual bonus in half, citing the company's $6.2 billion "London Whale" trading loss.

Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Two of the nation's biggest banks, Wells Fargo & Co and J.P. Morgan Chase & Co, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere left investors worried about how long those profits can last.

U.S. stocks wrapped up their worst week in four months, led lower on Friday by financial shares as results from Wells Fargo and JPMorgan ignited concerns about shrinking profit margins for big lenders.

The Dow Jones industrial average dropped 136 points to 12,923 shortly after trading began.

The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the US economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.

JPMorgan Chase & Co, the biggest US bank by assets, reported a better-than-expected quarterly profit for the last quarter of the year as it kept a tight lid on expenses and legal costs dropped sharply.

With earnings season underway, Wall Street is temporarily putting the Federal Reserve and macroeconomic policy on the back burner in favor of a focus on individual company results and forecasts for a pulse on the economy's health.

A more robust US economy could lift 2014 profits and boost corporate spending, giving some comfort to investors worried about bloated stock prices.

A number of big banks are due to report their quarterly and full-year results next week, including JPMorgan Chase & Co and Wells Fargo & Co on Tuesday, Bank of America Corp on Wednesday, Goldman Sachs Group Inc and Citigroup Inc on Thursday, and Morgan Stanley on Friday.

Jamie Dimon, JPMorgan Chase & Co Inc's hard-charging chief executive, looked a bit more vulnerable on Friday after the bank took a $7.2 billion hit from litigation expenses and posted its first quarterly loss since 2004.

JPMorgan Chase & Co reported a 31 per cent rise in quarterly profit on Friday as trading revenue rebounded and the biggest US bank by assets set aside less money to cover bad loans.

New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses.

The 500 largest US companies scored near-record profits last year and retailer Wal-Mart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine said today.

The newest stress tests for U.S. banks produced scores that are at odds with other measures of lenders' safety, in another sign that some institutions may be too big for regulators to understand and executives to manage. For example, Citigroup Inc, which has been bailed out multiple times by the U.S. government, showed up on the score sheets posted...

JPMorgan Chase & Co's board of directors cut chief executiveJamie Dimon's annual bonus in half, citing the company's $6.2 billion "London Whale" trading loss.

Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Two of the nation's biggest banks, Wells Fargo & Co and J.P. Morgan Chase & Co, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere left investors worried about how long those profits can last.

U.S. stocks wrapped up their worst week in four months, led lower on Friday by financial shares as results from Wells Fargo and JPMorgan ignited concerns about shrinking profit margins for big lenders.

The Dow Jones industrial average dropped 136 points to 12,923 shortly after trading began.