JPMorgan Beats Estimates on Higher Sales: Q2 Earnings
The bank, which has 2,620 advisors, saw its profits fall slightly from last year to $6.2 billion.
Bank Earnings Could Drop 12% in Q2: FactSet
As JPMorgan is set to report earnings, investors and analysts continue to express concerns about banks and other financial services firms.
JPMorgan to Adopt Fintech Startups With In-House Incubator
Emerging fintech companies to receive access to funds, network; startups attend "In-Residence" program for six months.
JPMorgan Accused of Double Standard on Broker Poaching
Firms says some aren’t subject to the "cease-fire" industry pact; the decade-old agreement is under strain as banks claim exceptions.
Brexit Sends Banks, BDs Reeling
Analysts say that the British vote will hurt the earnings of big banks and BDs, but one contrarian says it's time to buy the sector.
Recruiting Roundup: Raymond James Adds $205M Wells Team
Meanwhile, LPL Financial, U.S. Trust and others announce new affiliated reps and management hires.
Gold Now in a Long Bull Market, Analysts Say
JPMorgan is bullish on the precious metal, and Goldman Sachs is upping its price targets as well.
Wall Street’s Alliance Against Hackers
Cybersecurity alarms have brought financial institutions and regulators into common cause
Ex-JPMorgan Broker Blew $20M of Client Money Gambling, Gets 5 Years
Broker once had 500 clients and managed almost $90 million, but then racked up losses betting on sporting events.
Q4 Profits Up 15% at Wells Fargo’s Wealth Unit
Morgan Stanley and Merrill Lynch will report their financial results on Tuesday.