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Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.Read More...
Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.Read More...
JPMorgan Chase tops estimates for profit and revenue on better-than-expected interest income
JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve's easing cycle.Read More...
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level.Read More...
The Fed is finally cutting rates, but banks aren’t in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.Read More...
Here’s the inflation breakdown for September 2024 — in one chart
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index.Read More...
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