Wells Fargo Pins Decline in Net Interest Income on Lower Rates
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12.8 billion for the same period last year. The bank said net interest income declined due to the impact of lower rates on floating rate assets and lower loan balances.
Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.
Bank of New York Mellon (NYSE:BK) shares jumped 6.5% in Wednesday morning trading after delivering stronger-than-expected Q4 ...
JPMorgan Chase on Wednesday reported fourth-quarter net interest income of $23.5 billion, down 3% from a year ago. That just ...
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 ...
BNY beat profit estimates for the fourth quarter on Wednesday as it earned higher investment services fees from its clients, ...
Calculating taxes on investments involves downloading tax forms from your broker and grasping various investment tax rates.
JPMorgan's investment banking fees shot up 48.1% from a year ago to $2.42 billion, a sharp improvement from the 31% growth seen the previous quarter. Principal transactions also saw a big increase, up ...
JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in ...
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