American Express‘s affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of leap year, the company reported Thursday, which shows that the…
“Fast Money” trader Tim Seymour wants to help investors avoid common money traps that could leave them exposed to losses, particularly in a volatile market. He is out with a shortlist of four tips to deliver some peace of mind when things are going south. Tip No. 1: Don’t have more money in the market…
Bank of America on Tuesday posted first-quarter results that topped analysts’ expectations for profit and revenue on stronger-than-expected net interest income and trading revenue. Here’s what the company reported: Earnings: 90 cents a share vs. 82 cents per share LSEG estimate Revenue: $27.51 billion vs. $26.99 billion expected The bank said profit climbed 11% to $7.4…
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup on Tuesday posted first-quarter results that exceeded analysts’ estimates as…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 11, 2025. Brendan Mcdermid | Reuters Wild intraday gyrations in stocks since “liberation day” have put investors more on edge than ever, and the popularity of zero-day-to-expiration options is partly to blame. Zero-day-to-expiration options are contracts that…
David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $12.35 per share, according…
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility. Here’s what the company reported: Earnings: $2.60 a share vs. $2.20…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings:…
A trader works on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York. Angela Weiss | Afp | Getty Images A massive number of hedge fund short sellers rushed to close out their positions during Wednesday afternoon’s sudden surge in stocks, turning a stunning rally into…
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York City. Michael M. Santiago | Getty Images With each passing day since President Donald Trump‘s sweeping tariff announcement last week, a growing sense of unease had begun to pervade Wall Street. As stocks plunged…
