Wells Fargo CEO: Consumers and Businesses Remain Strong

Wells Fargo CEO Charlie Scharf sounded an optimistic note about the economy after his bank reported a 17% profit jump in the ...

JPMorgan’s Profit Soars 41% in Second Quarter

JPMorgan Chase’s profit shot up 41% in the second quarter to $21.16 billion, or $7.70 per share. Revenue jumped 28% to $57.35 billion. Wall Street analysts had forecast a profit of $5.59 per share on ...

Wells Fargo’s Profit Rises 17%

Wells Fargo said its profit increased 17% from a year earlier in the second quarter. Net income at the bank was $6.41 billion. That amounted to $2 a share, above analyst estimates of $1.72. Revenue ...

JPMorgan Results Had a Big One-Time Gain

JPMorgan’s soaring profit was boosted by a one-time $4.6 billion gain on the stake it holds in Visa. That’s a big reason the profit blew by analyst estimates. History lesson: The banks created Visa ...