JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, dashing hopes that consumer credit is on the mend and sending the bank's shares down 2.1 percent.
JPMorgan Beats Views; Detroit's High Tech Cars; Mobile Leaders Sued
Wall Street stumbled on Friday, weighed by banking stocks after disappointing results from JPMorgan Chase & Co set a gloomy tone for the coming week's earnings.
U.S. stock index futures pointed to a lower open on Friday as disappointing results from JPMorgan Chase & Co pressured banking stocks.
S&P 500 index futures are trading down 5.2 points from yesterday's close and JPMorgan shares are down 0.67% in pre-market trading.
U.S. hedge fund firm Citadel Investment Group, which is run by Kenneth Griffin, hired Jake Walthour as head of U.S. distribution for its asset management subsidiary, a company spokesman said on Friday.
U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.
JPMorgan Chase & Co reported better-than-expected fourth-quarter profit on Friday, but losses on mortgages and commercial loans continued to rise and its shares fell nearly 2 percent in premarket trading.
U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.
U.S. stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.02 percent, Dow Jones futures down 0.22 percent and Nasdaq 100 futures down 0.17 percent at 4.40 a.m. EST.
Kenneth Griffin's hedge fund firm Citadel Investment Group is in advanced talks to hire Jake Walthour, co-founder of Aksia LLC, the Wall Street Journal said, citing people familiar with the matter.
Gold edged higher in Asian trade Friday as the dollar dropped against major currencies. Gold for immediate delivery was seen trading at $1,144.40 per ounce at 11.30 a.m Singapore time while U.S. gold futures for February delivery were at $1,144.60 per ounce.
JPMorgan Chase & Co. is set to report earnings tomorrow at 7:00 a.m., New York time. Analysts are expecting earnings of $0.61 per share, according to data compile by FactSet.
European carbon emissions futures rose to a one-month high on Thursday, as investors bought up permits as prices broke a key resistance level.
The S&P 500 index rose 0.24% on Thursday to close at 1,148.46 points while the Dow Jones Industrial Average was up 0.28%, to end at 10,710.55.
Pacific Investment Management Co, the world's biggest bond fund, has seen assets under management exceed $1 trillion for the first time, underscoring investors' appetite for yield and portfolio diversification.
How much thought do you give to a stock's ticker symbol? One glance at one of these short alphabetical codes can tell an investor a company's name, its financial health, where it trades, and even its nationality. And in the penny stock world, it's not uncommon for tickers to get just a little tricky. Here's everything you need to know to decipher penny stock ticker symbols.
Metal mining giant Alcoa announces earnings today, a release that marks the start of earnings season. And while Alcoa's far from a penny stock with a $17 billion market capitalization, the fact is that the tone this company sets will have a supreme effect on all of the issues we're watching in the small-cap world.
The European Central Bank kept benchmark interest rates unchanged at a record low of 1.0 percent on Thursday with the ECB expected to remain in a holding pattern given uneven growth and low inflation.
Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
Green technologies posed the investment opportunity of our lifetime said Deutsche Bank's global head of asset management, in a study published on Thursday.
Private equity investors have shortlisted investment banks for an offering of stock in Denmark's leading telecom operator TDC, a $9 billion company, which would be Copenhagen's biggest offering in years.