Apr 19, 2012 The corporate earnings reports are flooding in this morning, with companies like Southwest Airlines and Verizon telling us how they did in the first part of this year. In recent quarters, companies have padded their profits by cutting costs.
Apr 13, 2012 The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
Apr 10, 2012 With some tough economic news in the last week or so with the jobs report, and today some evidence of a slowdown in China, Wall Street is anticipating modest reports from corporations.
Heidi N. Moore
Mar 13, 2012 Turns out American banks are in a much better position financially than we thought.
Mar 2, 2012 A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
Heidi N. Moore
Feb 29, 2012 J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Feb 8, 2012 Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Feb 7, 2012 When there's nothing better to do, Wall Street finds something to obsess about. Today, it's profits.
Jan 25, 2012 Apple posted record earnings for the last quarter, and the only company to make more is in a whole different industry.