Morgan Stanley, Charles Schwab, and the Recruiting Move That Went Off the Rails

Morgan Stanley lost a multimillion dollar arbitration case last week involving several parties and which centered on a recruiting move that went off the rails nearly four years ago.  To understand how...

Goldman Sachs Stock Looks Cheap After a Rough Week

Goldman Sachs Group stock looks appealing after a selloff this week triggered by disappointing fourth-quarter earnings and a report of a federal regulatory probe of the bank’s money-losing consumer bu...

Alibaba, XPeng, Goldman Sachs, and More Stock Market Movers Tuesday

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JPMorgan Reports Earnings Friday. Here’s What to Expect.

JPMorgan Chase will be one of the first big banks to report fourth-quarter 2022 financial results on Friday, and Wall Street expects a mixed bag. Revenue at the bank is forecast to swell to $34.5 bill...

Citigroup Reports Earnings Friday. Here’s What Wall Street Expects.

Citigroup is in the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been. Like most of its peers, Citigroup (ticker: C) is expected to post a dr...

Bank of America Posts Earnings Friday. What Wall Street Expects.

Higher interest rates are expected to drive up Bank of America ‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits. Bank of America (ticker: BAC) is forecast to post reve...

Big Banks Predict Recession, Fed Pivot in 2023

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Bank of America stock plunges, leading selloff in shares of largest U.S. banks

Shares of many of America’s largest banks are falling sharply this week after a period of outperformance that saw Goldman Sachs Group GS, -2.32% claw back practically all of its losses from earlier in...

The Stock Market Is on a Tear. It’s Almost Time to Sell the Rally.

The stock market has seen a major rally recently. Another move lower looks likely.  The S&P 500 closed Tuesday about 12% above its lowest close of the year, 3577, hit in early October. The main dr...

Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day

Goldman Sachs Group CEO David Solomon expressed some frustration with the valuation of the company’s stock, noting that it generally has traded a premium to book value since its IPO in 1999. “Would I ...

Stock market’s wild gyrations put earnings in focus as inflation crushes Fed ‘pivot’ hopes

Unrelenting inflation has dashed hopes for a quick pivot away from aggressive interest rate hikes by the Federal Reserve, which in turn is undermining the U.S. corporate earnings outlook for 2023 and ...

Citigroup Reports Earnings Friday. What to Expect.

Wall Street will be looking for more signs of Citigroup turnaround when the bank posts third-quarter results Friday. Like all banks, Citigroup (ticker: C) has faced challenges this year as it has had ...

JPMorgan Report Earnings Today. What to Expect.

JPMorgan Chase will kick off the third-quarter profit-reporting for the big banks on Friday, and Wall Street is looking ahead to the numbers with tempered expectations. Speaking at a CNBC conference t...

The Fed Looks Set to Overshoot on Interest Rates. What to Learn From Earnings.

Last week saw markets raise their hopes of a Federal Reserve pivot to looser policy, only to have the dream dashed by a strong jobs report and string of policy makers saying interest rates must move h...

Bank Stocks Have Gotten Slammed. Here Are 4 Worth a Look Ahead of Earnings.

Another bank earnings season is coming upon us, and no one is feeling too excited. Yet excitement isn’t what makes stocks like Citizens Financial Group and M&T Bank attractive. Make no mistake, ba...

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long

Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an e...

Stocks will continue falling even after Fed pivots, warns Morgan Stanley strategist who predicted bear market

Morgan Stanley Chief Equity Strategist Mike Wilson on Monday has doubled down on his call for stocks to continue falling into the end of 2022 partly because of a shrinking supply of dollars in some of...

Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.

This year nearly every type of security has declined — bad news if you look at your portfolio’s value each day and have difficulty sleeping at night. On the other hand, it’s good news if you’re lookin...

22 dividend stocks screened for quality and safety

Now that the S&P 500 has hit a new closing low for 2022, it is a good time to rerun a screen of low-volatility dividend stocks that may perform relatively better. An initial screen of the S&P ...

Stock Dividend Yields That Top What Treasuries Offer

Text size JPMorgan Chase headquarters in New York. Nina Westervelt/Bloomberg Bond yields have surged, making many dividend stocks less appealing. A quick look, however, shows that reliably high-yieldi...

Ex-Morgan Stanley Advisor Pleads Guilty to $7 Million Fraud

A former Morgan Stanley advisor pleaded guilty on Thursday to wire fraud and money laundering as part of a $7 million fraud scheme, according to the Department of Justice. Ex-advisor Shawn Edward Good...

Europe’s Unfolding Crises Could Impact U.S. Stocks. Here’s How.

U.S. investors are watching the Federal Reserve but the European Central Bank is likely to keep hiking rates to pull down prices, and those moves deserve more attention. Graeme Sloan/Bloomberg Text si...

Morgan Stanley warns this corner of the credit market could be first to implode as interest rates rise

Now that Federal Reserve Chairman Jerome Powell has made it abundantly clear that the Fed has no plans to slow the pace of interest-rate hikes, some bond-market experts are warning that the most specu...

20 dividend stocks with high yields that are expected to raise payouts the most through 2024

There are different ways to select stocks based on dividends. An investor might look for companies paying high dividends, with the hope that payouts will keep rising. Or the investor might focus less ...

Interest Rates Are Going Up. These 11 Banks Will Benefit.

Text size Bank of America is among the lenders that RBC says are especially well positioned for the current environment. Dominick Reuter/AFP via Getty Images Bank stocks—one of the few immediate benef...

Banks Nearing $1 Billion Settlement Over Traders’ Use of Banned Messaging Apps

WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regul...

Morgan Stanley’s Kathy Roeser: Prepping for the Next Bull Market

Morgan Stanley advisor Kathy Roeser has found herself using the word “cloud” quite a bit this year, as in the cloud that’s been hanging over the economy and markets. While acknowledging the gloom, she...

New Buyback Tax Will Force Companies to Think Twice on How to Use Cash

In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...

JP Morgan, Other Banks Are Strong Financially. Why Earnings Don’t Reflect It.

Text size Wells Fargo added $8.4 billion to reserves in the second quarter of 2020, released $1.6 billion a year later, and added $580 million in the most recent quarter. Michael M. Santiago/Getty Ima...

Morgan Stanley, Clorox, and Cummins Lifted Dividend Payouts

Text size Clorox Disinfecting Wipes canisters on a conveyor belt. Matt Odom/Bloomberg Morgan Stanley , Clorox , and Cummins were among the U.S. companies that declared dividend increases this week as ...

JPMorgan Earnings Are Coming. What to Expect.

Text size Analysts expect JPMorgan Chase’s earnings to drop nearly 25% year over year. David Paul Morris/Bloomberg Another bank earnings season is upon us. JPMorgan Chase will step up to the pla...

What big Wall Street banks say about where the S&P 500 will end 2022

The stock market has steadied at midyear, but after a historically ugly six months that saw the S&P 500 enter bear territory, big Wall Street banks offer diverging views on where equities are like...