Goldman Sachs Group Inc

Big Banks Quit Climate Change Groups Ahead of Trump’s Term

David Bale2 weeks ago09 mins

As the second presidency of Donald J. Trump begins, America’s largest banks and asset managers have abandoned one of the most overt symbols of their commitment to reaching green goals: climate action networks. In the month leading up to Mr. Trump’s inauguration on Monday, the six largest U.S. banks, including JPMorgan and Goldman Sachs, left…

Wall Street banks had a great quarter, and the boom times are just starting

David Bale3 weeks ago05 mins

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O’Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders’…

Stocks pop on cool inflation, hot bank earnings — plus, new rules on biotech exports to China

David Bale3 weeks ago010 mins

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street surged Wednesday thanks to the second encouraging inflation report this week and a batch of strong bank earnings. The consumer price index, excluding…

JPMorgan Chase posts record profit as the bank’s massive scale pays off

David Bale3 weeks ago05 mins

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: Earnings: $4.81 a share vs. $4.11 LSEG estimate Revenue: $43.74 billion vs. $41.73 billion expected The bank said profit rose 50% to $14 billion…