Schwab Tops Q3 Estimates; Reports $4.1B on Robo Platform
Meanwhile, Citi posts strong results, as Goldman Sachs reports weak third-quarter performance.
Citigroup Says U.S. Declines to Prosecute on Libor Rigging
The Justice Department advised the bank that it made the decision “based on the facts and circumstances."
Citigroup Beats Estimates as Cost Cuts Cushion Trading Slump
The bank still faces several investigations, which may negatively impact upcoming financial results.
Citigroup Profit Misses Estimates on Year-End Trading Drop
Weakness in fixed income worse than CEO Michael Corbat's recent predictions.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014
This quarter saw surprising performance dips and peaks across the financial sector.
Pandit’s Exit Means End of ‘Shock and Awe’ Era: Bank Analyst
The heyday of volatility at the big banks could be replaced by a "boring" period, says SNL Financial's Nancy Bush.
Finance Sector’s Q3 Growth Seen Leaving Others in Dust
Early reports for the finance sector’s third-quarter 2012 performance indicate that it is on track to best all other sectors, at overall profits of 11.8%, in what looks to be an otherwise lackluster earnings season.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
Citi Reports Record Revenue Led by International Transactions
The bank said Monday that it made $2.9 billion in the first three months of the year, or 95 cents per share, which includes a $1.3 billion accounting charge that Citi took because the value of its debt increased.
New York Appeals Court Gives SEC-Citigroup Deal New Life
A federal appeals court said Judge Rakoff likely overstepped his authority when he blocked the SEC's $285 million settlement with Citi over toxic mortgage securities.