JPMorgan (JPM) 2Q 2022 earnings miss
[ad_1] JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks. The actions reflect Chairman and CEO…
Citigroup (C) 2Q 2022 earnings beats
[ad_1] Citigroup on Friday posted second-quarter results that beat analysts’ expectations for profit and revenue as the firm benefited from rising interest rates and strong trading results. Here’s what the…
Wells Fargo (WFC) 2Q 2022 earnings
[ad_1] Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the bank set aside funds for bad loans and was stung by declines in its…
Morgan Stanley (MS) 2Q 2022 earnings miss
[ad_1] Morgan Stanley posted second-quarter results Thursday that were below analysts’ expectations, hurt by weaker-than-expected investment banking revenue. Here’s what the company reported compared with what Wall Street was expecting,…
How the fall of Three Arrows, or 3AC, dragged down crypto investors
[ad_1] As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm,…