Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it ...
JPMorgan Net Interest Income Drops 3%
JPMorgan Chase on Wednesday reported fourth-quarter net interest income of $23.5 billion, down 3% from a year ago. That just ...
How is interest income taxed?
Interest income and ordinary dividends (qualified dividends are taxed at capital gains rates) are taxed at the same rate as ...
BNY stock climbs after Q4 earnings bolstered by net interest income, fee revenue
Bank of New York Mellon (NYSE:BK) shares jumped 6.5% in Wednesday morning trading after delivering stronger-than-expected Q4 ...
JPMorgan issues conservative outlook on 2025 net interest income
JPMorgan Chase & Co. said it expects its 2025 net interest income to fall to about $90 billion excluding markets from its reported 2024 level of $92.4 billion. The bank said lower interest rates ...
6 Things You Need To Know About the High-Yield Interest You Earned This Year
The past few years have been banner years for earning interest on everything from high-yield savings accounts to CDs and ...
Here’s The Fed’s 2025 Meeting Schedule And What To Expect For Interest Rates
The Fed is expected to cut interest rates in 2025, perhaps two or three times, with greater uncertainty for the second half ...
JPMorgan Chase's net interest income dips 3%
JPMorgan Chase said its fourth-quarter net interest income dropped by 3% of $23.35 billion. The consolidated bank's interest rate spread narrowed to 1.95% in the fourth quarter from 2.03% a year ...
10 States Making Big Changes to Income Tax Rates in 2025
Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of ...
BNY fourth-quarter profit rises on boost from higher fee income
BNY reported a 27% jump in its fourth-quarter profit on Wednesday as it earned higher investment services fees from its ...