Morgan Stanley Profit Beats on Strength in Wealth, Trading Units
Morgan Stanley shares soared over 7% in early trading as the bank reported a smaller-than-expected 41% drop in fourth-quarter profit.
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Goldman Expenses Surge as Firm Sets Aside More for Compensation
Goldman Sachs Group Inc. posted a bigger increase in expenses than analysts expected as it set aside more for compensation in the fourth quarter.
JPMorgan Beats Profit Estimates, Sees Mild Recession
JPMorgan Chase & Co, the biggest lender in the United States, said on Friday it set aside $1.4 billion in anticipation of a mild recession.
Wells Fargo Misses Profit Estimate on Higher Reserves, Scandal Costs
Wells Fargo reported a 50% decline in profit for the fourth quarter, missing analysts' estimates, as the bank racked up more than $3B in costs.
Goldman Job Cuts Begin With Investment Banking, Global Markets Hit Hard - Source
Goldman Sachs began laying off staff in sweeping cost-cutting drive around third affected coming from investment banking and global markets division.
Jefferies Profit Slides as Wall Street Dealmaking Falters
Investment bank Jefferies Financial Group reported a 52.5% decline in fourth-quarter profit, hit by lower underwriting fees and volatile markets.
Delta Fixes a Key Passenger Pain Point (And the Solution Is Free)
The airline has found a way to make air travel a whole lot better (or at least less unpleasant).
