Citigroup tops expectations for profit and revenue on strong Wall Street results

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesCitigroup on Friday posted second-quarter results that topped expectations for profit and revenue on...

JPMorgan Chase tops second-quarter revenue expectations on strong investment banking

JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts’ expectations as investment banking fees surged 52% from a year earlier.Here’s what the company reported:Earnings: $4.26 per share adjusted vs. $4.19 estimate of...

Here’s the deflation breakdown for June 2024 — in one chart

97 / GettyInflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers.Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation,...

Stocks making the biggest premarket moves: Wells Fargo, JPMorgan, Tesla, Carvana and more

Check out the companies making the biggest moves in premarket trading: Wells Fargo — Shares tumbled 6% after the bank reported $11.92 billion in net interest income for the second quarter, a 9% year-over-year decline . Analysts polled by FactSet were expecting $12.12...

JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCJPMorgan Chase CEO Jamie Dimon on Friday issued another...