Ben Glickman

JPMorgan Chase reported earnings that fell short of Wall Street’s expectations after the company saw a slowdown in markets and investment-banking activity. The nation’s largest bank reported a profit of $15.31 billion, or $5.57 a share, in the third quarter. Analysts polled by FactSet were expectin

JPMorgan’s forecast for net-interest income in the fourth quarter came in ahead of analyst estimates. Depending on market conditions, the bank expects $28 billion in net-interest income in the quarter. Analysts polled by FactSet expect $27.42 billion. And for 2027, based on a preliminary analysis,

Chase cardholders are carrying higher balances. They’re still paying on time. Average debt in JPMorgan Chase’s consumer card business was up about 7% in the third quarter from a year ago. Meanwhile, delinquency rates were down, and the net charge-off rate fell by nearly one quarter of a percentage

Goldman Sachs and JPMorgan post higher profit, but the mood on Wall Street is becoming more cautious.

Big banks are still raking in higher profits on the strength of a resilient U.S. economy and volatile markets that have led to a surge in trading.

Regulators fined Bank of America $1.2 billion after finding it had insufficient systems to monitor and report possible financial crimes, including

PNC Financial Services Group’s chief executive warned that the bank would avoid a big acquisition if it would slow down the company’s growth and AI transformation. CEO Bill Demchak told analysts the bank’s organic growth has been better than management expected, and it has been investing more in art

A subculture of people obsessed with reaping rewards is prompting banks to adjust to their evolving tactics.

Jared Friedman discovered a way to get free credit-card points earlier this year and decided to share it with his followers on TikTok and Instagram.

One potential reason that Visa's results have had a mixed reception among investors: The company is paying more incentives to customers. Client incentives were up over 21% in the payment-network's latest quarter. The incentives, including in cash, are paid to customers (often the big ones) as a swe