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Wells Fargo and JPMorgan report big profits
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.
Federal Reserve releases banks' stress test results
Turns out American banks are in a much better position financially than we thought.
Big bank earnings signal fourth quarter troubles
Wells Fargo and Citigroup reported earnings today, and both were doing well until October, when Europe's debt crisis started to take its toll.
Wells Fargo and Citigroup: A tale of two banks
Wells Fargo announced a 20 percent yearly profit today, making money on its mortgage business. But Citigroup stumbled as trading revenue dips for stocks and bonds.
MID-DAY UPDATE: Jobless claims, Suez Canal workers' strike, NYSE merger
The U.S. Labor Department this morning announced weekly jobless claims fell to 383,000, the lowest level in nearly three years....
MIDDAY UPDATE: new financial rules, Ghana oil drilling, Facebook
Federal agencies are beginning to shape the rules under Congress's financial overhaul, also known as the Dodd-Frank law. Regulators want to require...
MID-DAY UPDATE: Wells Fargo re-files, Nissan recalls and high speed rails
Wells Fargo will re-file 55,000 problematic foreclosure documents, but will not issue a blanket moratorium. Today, we learned that the number of...