JPMorgan Investment Banking Division Soared on IPOs and Mergers and Acquisitions

JPMorgan Chase (NYSE: JPM) kicked off fourth quarter earnings beating expectations but faced with higher expenses and slower trading activity. Revenue in the group’s investment banking division grew up 28% from the fourth quarter of 2020 to $3.2 billion, driven by higher fees from mergers and acquisitions and initial public offerings. with the other major money center banks along with the world’s largest investment management company. Wells Fargo (NYSE: WFC) and Citigroup (NYSE:C) are also reporting on Friday along with … Continue reading “JPMorgan Investment Banking Division Soared on IPOs and Mergers and Acquisitions”

BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021

BlackRock (NYSE: BLK), the world’s largest investment management company kicked off fourth quarter earnings with the major money center banks. Q4 earnings rose 6% to $10.63 a share from $10.02 a share year earlier. Revenues rose 14% to $5.106 billion versus $4.5 billion. Net inflows rose to $211.7 billion, up from $126.9 billion the prior year. JPMorgan Chase (NYSE: JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE: WFC) are also reporting on Friday. Investors look for insights into BLK, the market … Continue reading “BlackRock Assets Under Management Over $10 Trillion as Earnings Rise 20% to $5.90 Billion For 2021”

Citigroup Affected by Lower Fixed Interest and Equity Trading in Fourth Quarter Earnings

Citigroup (NYSE:C) kicks off fourth quarter earnings with the other major money center banks along with the world’s largest investment management company. C is in the process of exiting its consumer banking business in 13 markets JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) are also reporting on Friday along with BlackRock (NYSE: BLK). The earnings come after a week that has seen many banks stocks hit 52-week highs. Citigroup Q4 2021  Q4 2021 earnings before the open; conference call at … Continue reading “Citigroup Affected by Lower Fixed Interest and Equity Trading in Fourth Quarter Earnings”

Wells Fargo Return on Equity Nearly Doubled to 12.8% In Better-Than-Expected Earnings

Wells Fargo (NYSE: WFC) kicked off fourth quarter earnings with the other major money center banks along with the world’s largest investment management company Friday. Q4 earnings of $5.75 billion, or $1.38 a share was well ahead of the forecast $4.5 billion, or $1.11 a share. Wells Fargo’s (ticker: WFC) revenue of $20.9 billion topped projections of $18.8 billion. The results showed a huge increase from last year when the bank earned 66 cents a share on $18.5 billion in … Continue reading “Wells Fargo Return on Equity Nearly Doubled to 12.8% In Better-Than-Expected Earnings”

Big Banks JPMorgan, Citi and Wells Fargo Kick Off Earnings Season with Blackrock

The major money center banks along with the world’s largest investment management company kick off fourth-quarter earnings season, with JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE:C) all reporting on Friday along with BlackRock (NYSE: BLK) who’s income from its ETF and investment management income continues to soar. The earnings come after a week that has seen many banks stocks hit 52-week highs. Overall, analysts and banks are looking for a strong earnings season, partly in response … Continue reading “Big Banks JPMorgan, Citi and Wells Fargo Kick Off Earnings Season with Blackrock”

PNC Bank Revenue Growth Consolidating with BBVA and The Yield Curve

PNC Financial report third quarter earnings before the bell on Friday along with Goldman Sachs.  $PNC closed the BVA USA Bancshares acquisition June 1 and is the biggest driver of balance sheet growth this year. The Bank report after Citigroup, Bank of America, Wells Fargo, Morgan Stanley and JPMorgan

America’s Largest Bank By Assets JPMorgan Chase Kicks Off Earnings Season

JPMorgan Chase, America’s largest bank by assets report second quarter earnings Wednesday before the open. Last quarter  $JPM’s fixed income and equities markets revenue fell from red hot first quarter. Investment banking had a record quarter. Goldman Sachs  Bank of America, Citigroup, Blackrock, , Morgan Stanley PNC and Wells Fargo report later in the week.

PNC Bank Revenue Growth Reflecting BBVA Acquisition and Strong Organic Fee Growth

PNC Financial reported better than expected second quarter earnings before the bell on Wednesday. $PNC closed the BVA USA Bancshares acquisition June 1 and is the biggest driver of balance sheet growth this year. The Bank reported after Citigroup, Goldman Sachs, Citigroup, Wells Fargo  and JPMorgan

JPMorgan Earnings Boosted By Record Investment Banking Quarter

JPMorgan Chase, America’s largest bank by assets reported better than expected second quarter earnings Tuesday before the open. Revenue of $30.5 billion beat expected $29.75 billion. $JPM’s fixed income and equities markets revenue fell from red hot first quarter. Investment banking had a record quarter. Goldman Sachs also reported. Bank of America, Citigroup, PNC and Wells Fargo report Wednesday.

PNC Bank Earnings Beat Ahead of Completing BBVA USA Bancshares Acquisition

PNC Financial reported better than expected first quarter earnings before the bell on Friday. $PNC saw higher interest income and a rise in non-interest income,  The Bank reported after Citigroup, Goldman Sachs, Citigroup, Wells Fargo  and JPMorgan