President Donald Trump called out Bank of America CEO Brian Moynihan at the World Economic Forum, saying some conservatives complain the bank will not take their business.
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.
The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a good thing for borrowers, who are waiting for the next Fed rate cut.
President-elect Donald Trump’s proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, French fries, furniture and beer.
The market environment has already been favorable for banks, with buoyant equity markets and anticipation that President-elect Donald Trump will ... JPM.N up 2%, Wells Fargo WFC.N gaining ...
Wells Fargo & Co. WFC CEO Charles Scharf expressed optimism about President-elect Donald Trump‘s return to The White House, citing expectations of business-friendly policies, during the bank’s ...
President Donald Trump said Monday he still intends to move forward with an across-the-board tariff of 25% on Mexican and Canadian goods, though he said those levies would come on February 1 rather than his previous day-one threat,
Wells Fargo’s stock (NYSE ... Separately, the election of Donald Trump to the U.S. presidency for a second term is also expected to benefit the financial sector at large. Investors are betting ...
Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.
All federal and state courts and non-essential services will be closed on Monday, and the major banks — Bank of America, Capital One, Citibank, PNC, Wells Fargo and Truist — consider MLK Day to be a bank holiday, and will be closed.
Though Trump is set to reshape the future of AI in America, there's another corporate investment set to take off under his leadership.
In one of his first moves to crack down on "woke," President Trump used his executive power on Inauguration Day to end DEI in the federal government.