banking

JPMorgan Shares Rise on Q1 Beat

JPMorgan Shares Rise on Q1 Beat

JPMorgan Chase & Co. (NYSE:JPM) reported its first quarter financial results and topped analysts’ estimates in both earnings and revenue, sending shares 1.5 percent higher during Friday’s pre-market hours.For the first quarter, JPMor..

Former Qualcomm Chairman Looking for Funds to Buyout

Former Qualcomm Chairman Looking for Funds to Buyout

Former Qualcomm Inc. (NASDAQ: QCOM) chairman, Paul Jacobs is interested in taking the chipmaker private, potentially making it the largest buyout in history, CNBC, citing sources familiar with the matter.Jacobs informed the board of his plans and ap..

Goldman Sachs Announces David Solomon as Next Sole CEO

Goldman Sachs Announces David Solomon as Next Sole CEO

Goldman Sachs Group Inc. (NYSE: GS) announced on Monday that David Solomon, current co-President, to replace Chief Executive Officer Lloyd Blankfein, as Harvey Schwartz, Goldman’s other co-President and co-Chief Operating Officer, will retire ..

Amazon in Talks with JPMorgan About Checking Accounts

Amazon in Talks with JPMorgan About Checking Accounts

Amazon.com Inc. (NASDAQ: AMZN) is in talks with JPMorgan Chase & Co. (NYSE: JPM) and other big banks such as Capital One Financial Corp. (NYSE: COF) about offering the tech giant a checking account for its customers, according to the Wall Street..

Citibank to Refund $335 Million to Cardholders

Citibank to Refund $335 Million to Cardholders

Citigroup Inc (NYSE: C) announced on February 23 of its intention to issue refunds to its cardholders. About 1.75 million subscribe to the bank's financial instrument. The total refund will be to the tune of $335 million. The average amount per ..

HSBC Shares Down After Earnings Report

HSBC Shares Down After Earnings Report

HSBC Holdings plc (NYSE: HSBC) has reported a successful 2017 Fiscal year. Reporting that their profit before tax increased over 140% to $17.17 billion and their adjusted revenue increased to $51.5 billion, which is up 5% from 2016 and their fu..

JPMorgan Introduces $20 Billion Investment Plan

JPMorgan Introduces $20 Billion Investment Plan

On Tuesday, JPMorgan Chase & Co. (NYSE: JPM) introduced a $20 billion investment plan aimed to hire more employees, hike wages, open new branches, as well as expand the business in order to take advantage of the U.S. tax law changes and a more p..