Latest JPMorgan Chase & Co News

American Express posts 4Q profit that tops forecasts

Jan. 17, 2019 6:06 PM EST

NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or $1.42 a...

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 16, 2019 2:22 PM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

From travel to IPOs, how shutdown is upsetting US economy

Jan. 16, 2019 1:27 PM EST

WASHINGTON (AP) — Delta Air Lines can't get eight new aircraft in the air. Roughly a million government employees and contractors aren't being paid. Some Americans who are trying to start small businesses face delays in obtaining the required tax identification number from the IRS. As the partial...

Asian stocks mixed on poor Japanese data, growth fears

Jan. 15, 2019 11:20 PM EST

SINGAPORE (AP) — Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6 percent to 20,430.73 while South Korea's Kospi added 0.3 percent to 2,102.45. Hong Kong's Hang Seng fell 0.3 percent to...

JPMorgan misses estimates, caused by trading troubles

Jan. 15, 2019 2:47 PM EST

NEW YORK (AP) — JPMorgan Chase & Co.'s fourth-quarter profits badly missed analysts' forecasts on Tuesday, caused by weakness in the bank's bond-trading business. The nation's largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4.23 billion, or...

Hampered by scandals, Wells Fargo's profits stagnate

Jan. 15, 2019 2:46 PM EST

NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06 billion in...

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 15, 2019 10:33 AM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

Stocks edge up on Chinese growth plan, ahead of Brexit vote

Jan. 15, 2019 7:34 AM EST

SINGAPORE (AP) — Global stock markets mostly rose Tuesday as after Chinese officials set out plans to support the world's second-biggest economy through a slowdown. Investors were also looking at corporate earnings as well as a vote later by the British parliament on a Brexit deal that has drawn strong...

Lower expenses and taxes send Citigroup's profits higher

Jan. 14, 2019 12:12 PM EST

NEW YORK (AP) — Citigroup said Monday its profits rose in the last three months of 2018, helped by a lower tax rate and lower expenses, which offset a drop in bond trading revenue. Citi said it earned $4.31 billion in the last three months of 2018, or $1.64 per share. On an adjusted basis, the earnings...

Stocks swing to huge gains after jobs report, trade talks

Jan. 4, 2019 8:45 PM EST

NEW YORK (AP) — Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild three months for markets. Hopes for progress in the U.S.-China trade dispute, a strong report on the U.S. jobs market...