Sopa Images | Lightrocket | Getty Images Western Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked last week’s selloff is an isolated case. The bank reported third-quarter earnings Tuesday afternoon and noted it had set aside $30…
Barry Rosenstein, founder of JANA Partners. Adam Jeffery | CNBC Stock Chart IconStock chart icon Cooper Companies Monday The hedge fund, founded by Barry Rosenstein and known for pressuring companies to make changes that enhance shareholder value, also intends to urge Cooper to improve how it allocates capital in order to boost returns, said the…
The CBOE Volatility Index, otherwise known as the Wall Street’s fear gauge, is coming off its most volatile week since April. For investors hesitant to ride out the recent wild swings, Invesco senior portfolio manager John Burrello sees income funds that employ options-based strategies as a sound game plan. His reasoning: They have more structural…
Signage outside Western Alliance Bank headquarters in Phoenix, Arizona, March 13, 2023. Caitlin O’Hara | Bloomberg | Getty Images Big banks including JPMorgan Chase and Goldman Sachs had just finished taking victory laps after a blockbuster quarter when concerns emerged from an obscure corner of Wall Street, sending a collective shiver through global finance. Regional…
The traditional 60/40 portfolio has been under attack for years, and the recent hot trades in precious metals and cryptocurrencies are leading it to lose a little more of its prominence. Multiple strategists and investors are pivoting toward a 60/20/20 market portfolio: with the 60% in stocks unchanged, but fixed income losing half of its…
BlackRock , a giant in the world of stocks and bonds, is ramping up its efforts to serve the stablecoin market, the company first told CNBC. This latest move from Larry Fink’s firm, set to be announced Thursday, aims to further capitalize on the boom in cryptocurrencies. The manager of $13.5 trillion in assets has…
Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Morgan Stanley on Wednesday posted third-quarter earnings that beat expectations by the largest margin in nearly five years on booming equities trading, investment banking and wealth management results….
Citi is seen on the floor of the New York Stock Exchange on March 3, 2025. NYSE Citigroup posted stronger-than-expected third-quarter earnings on Tuesday before the bell, with every division generating record revenue. Here’s what the bank reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Adjusted earnings…
Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that corporate lending standards grew too lax in the…
JPMorgan Chase & Co CEO Jamie Dimon arrives for a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. Drew Angerer | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings per share: $4.84, according…
