American Express CEO says spending is strong, delinquencies are down from 2019

American Express CEO says spending is strong, delinquencies are down from 2019

Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. Stephanie Keith | Bloomberg | Getty Images American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays … Read more

Morgan Stanley CEO Ted Pick focused on hitting financial targets

Morgan Stanley CEO Ted Pick focused on hitting financial targets

Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.  Jeenah Moon | Bloomberg | Getty Images Morgan Stanley‘s new CEO Ted Pick on Thursday expressed confidence that his bank will hit financial targets of $10 trillion in client assets and a 20% return. … Read more

Stock Markets: The Fed’s rude awakening

Stock Markets: The Fed’s rude awakening

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. Win Mcnamee | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more

Stock Markets: Fed’s reality check

Stock Markets: Fed’s reality check

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

Here are the most important news items that investors need to start their trading day: 1. Short week ahead Earnings and economic data could drive stocks in a shortened U.S. trading week. Goldman Sachs and Morgan Stanley will headline the week’s results when they report Tuesday morning. U.S. December retail sales data due Wednesday will … Read more

Goldman Sachs (GS) earnings 4Q 2023

Goldman Sachs (GS) earnings 4Q 2023

David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty Images Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s … Read more

Stock Markets: Down to Davos

Stock Markets: Down to Davos

Signage ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024. Adam Galici | CNBC This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more

Keep an eye on banks’ earnings reports

Keep an eye on banks’ earnings reports

CNBC’s Jim Cramer on Friday guided investors through next week’s market action, telling them to pay attention when several major financial institutions report earnings. Friday’s earnings season kicked off with Bank of America, JPMorgan Chase, and Wells Fargo failing to impress Wall Street, which disappointed Cramer. The Dow Jones Industrial Average slipped 0.31%. Cramer wondered … Read more

Citigroup (C) earnings 4Q 2023

Citigroup (C) earnings 4Q 2023

Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023.  Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup reported fourth-quarter earnings before the opening bell Friday. Here’s what … Read more

JPMorgan Chase (JPM) earnings Q4 2023

JPMorgan Chase (JPM) earnings Q4 2023

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase reported fourth-quarter earnings before the opening bell Friday. Here’s what the company … Read more