Legal Woes Drag JPMorgan Profits Down 7%; Wells Net Jumps 10%
Though both banks report weaker sales in Q4, JPMorgan faced some $1 billion in legal and other expenses in the fourth quarter.
13 Best & Worst Broker-Dealers: Q3 Earnings, 2013
Some of the largest companies turn in unexpectedly weak results, with one BD reporting its first loss under its star CEO.
Krawcheck Warns Investors in Big Banks to Be Wary
The former wealth management executive questions the underlying earning power of major banks, while expressing optimism for improving margins in wealth management.
Wells Fargo Boosts Profits, Despite Plummeting Mortgage Sales
Analyst Richard Bove says the blip doesn't take away from the strength of the bank's overall operations and stability.
JPMorgan Reports First Loss Under Dimon; Analysts Say Not to Fear
Legal expenses exploded during the third quarter, but Street analysts remain bullish.
JPMorgan CEO Meets With Attorney General Amid MBS Charges
A government official familiar with ongoing negotiations said an $11 billion national settlement is under review to resolve claims against JPMorgan.
Is It a Good Time to Buy Preferred Stocks?
One expert says yields of 5% and other advantages make preferred stocks worth serious consideration.
Paulson: Ben Bernanke a ‘Hero’
Former Treasury secretary regrets not being able to better communicate the need for a Wall Street rescue.
13 Best & Worst Broker-Dealers: Q2 Earnings, 2013
Some large organizations kept up their momentum, while smaller BDs showed both weaker than expected and surprisingly strong results.
JPMorgan, Wells Fargo Beat Estimates for Q2
Though positive, sales growth at the big banks didn't keep pace with profit expansion in the second quarter.