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Latest News on private equity markets

Delta beats profit forecast on strong demand as rivals battle 737 MAX crisis

Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted in part by customers it gained from rival airlines' 737 MAX cancellations and growing air travel demand.



5 years ago

Citigroup profit beats as credit card, trading revenue jump

Citigroup Inc beat analysts' estimates for fourth-quarter profit on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.



5 years ago

Wells Fargo quarterly profit slumps as legal costs mount

Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses.



5 years ago

Citigroup earnings beat expectations on 49% fixed-income trading surge

Citigroup reported quarterly results that beat expectations, driven by strong fixed-income trading revenues.

5 years ago

Futures pause after rally, JPMorgan results draw cheer

U.S. stock index futures were flat to slightly lower on Tuesday, as investors took a breather following a record rally, even as JPMorgan's quarterly results set a positive tone for big bank earnings.



5 years ago

Citigroup beats estimates on credit card, trading revenue growth

Citigroup Inc beat analysts' estimates for fourth-quarter profit on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.



5 years ago

Wall Street opens flat after mixed big bank results

Wall Street opened largely flat on Tuesday, as investors took a breather following a record rally on optimism over the U.S.-China trade dṅeal, while big U.S. banks reported mixed quarterly results.



5 years ago

Wells Fargo's new chief promises more change as profit slumps

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes".



5 years ago

A new law took this retirement strategy out of play. Here's one way to get around it

When Congress slams the door on a tax-savings technique, attorneys and accountants figure out how to crack the window. The Secure Act dampened the advantages of passing on your IRA to your children, but tax gurus say this strategy might help you mimic it.

5 years ago

JPMorgan posts record annual profit as bond trading rebounds

JPMorgan Chase & Co posted its biggest-ever annual profit on Tuesday as its bond trading business bounced back in the last three months of the year, setting an upbeat tone for the big U.S. banks reporting this week.



5 years ago

U.S. consumer prices rise slightly; underlying inflation muted

U.S. consumer prices rose slightly less than expected in December and monthly underlying inflation pressures retreated, which could allow the Federal Reserve to keep interest rates unchanged at least through this year.



5 years ago

With Plaid Acquisition, Visa Makes a Big Play for the ‘Plumbing’ That Connects the Fintech World

Fortune | Rey Mashayekhi | Jan 14, 2020 In late 2018, payments giants Visa and Mastercard both invested in fintech startup Plaid through a $250 million funding round that valued San Francisco-based firm at an impressive $2.65 billion. Described as “strategic investments,” the two financial services heavyweights sought not only to provide Plaid with financial

5 years ago

Elizabeth Warren says her plan to eliminate student loan debt can bypass Congress

The plan, which comes weeks before voting begins in the first primary and caucus states, adds urgency to legislation she introduced over the summer to cancel the bulk of the nation's outstanding student debt.

5 years ago

Money moving into environmental funds shatters previous record

Sustainable investment funds, also known as impact or ESG funds, raked in nearly four times as much money last year as in 2018.

5 years ago

For Jamie Dimon, retirement from JP Morgan is always five years away

It's understandable that Dimon, 63, doesn't want to think about stepping down now right now.

5 years ago