Tag: Wells Fargo
Banks are designing their own chatbot alternatives to ChatGPT
Frankfurt The shareholder letters from Jamie Dimon, head of the world’s largest bank JP Morgan, are something like a seismograph for the important issues in the financial world. In this…
Large US banks defy the crisis
new York A dichotomy is becoming apparent in America’s banking landscape: Big banks such as JP Morgan Chase, Citigroup and Wells Fargo are benefiting from the significantly higher key interest…
The deputy editor-in-chief’s weekly recap
Good morning everyone, I don’t know about you, but my pulse doesn’t automatically beat faster when we say in the conference: “Today we are doing something about the inverted yield…
Dow Jones, S&P 500, Nasdaq: US retail sales slow Wall Street
new York Weak retail sales in the US pushed Wall Street into the red on Friday despite strong balance sheets from major US banks. The Dow Jones lost 0.4 percent…
Dax closes 0.5 percent up
Frankfurt The German stock market was able to maintain its high level at the end of the week, but was lacking in momentum overall. Driven by the latest US economic…
JP Morgan Chase, Citi and Wells Fargo with profit jump
JP Morgan headquarters in New York The US bank published its figures for the first quarter of 2023 on Friday. (Photo: Bloomberg) New York, Frankfurt The major Wall Street institutions…
Dow Jones, S&P 500, Nasdaq: US retail sales slow Wall Street
new York Weak retail sales in the US pushed Wall Street slightly lower despite strong balance sheets from major US banks. The Dow Jones index of standard values was 0.1…
JP Morgan and Wells Fargo post higher earnings
JP Morgan headquarters in New York The US bank published its figures for the first quarter of 2023 on Friday. (Photo: Bloomberg) New York, Berlin The major US banks JP…
Good economic data strengthen the index
Frankfurt The Dax started Friday trading with slight gains, driven by the latest US economic data and positive indications from the Asian markets. With almost 15,800 points, the leading German…
New economic data supports Wall Street – Harley-Davidson stock slips
new York Fresh US economic data brightened sentiment on Wall Street on Thursday. The big tech values in particular increased. The Dow Jones gained 1.1 percent to 34,030 points. The…
Dax is taking a breather – consolidation is imminent in the short term
Dusseldorf After the new annual high with subsequent profit-taking, the German stock market is taking a breather. At the close of trading on Thursday, the leading index Dax was up…
“The direction is right”: US inflation rate continues to decline
New York, Dusseldorf America’s central bankers would have liked clearer signals. But the US economy continues to be so inconsistent that the Fed could be forced to raise interest rates…
New price cuts at Tesla possible: Analysts expect adjustments
new York Tesla plans to present new quarterly figures in a week. If US analysts have their way, the group is likely to announce further price cuts soon. Several analyzes…
Interest rate worries are dampening – US indices are up
new York US stock markets rose on Friday as fears of inflation eased. The Dow Jones gained 1.3 percent to 33,274 points. The Nasdaq was up 1.7 percent to 12,221…
Biden praises private investments in e-mobility – but some large corporations are missing from his list
The White House has now published a list of dozens of electric mobility announcements by companies. The message seems to be: Look, these big companies are participating. But not all…
Biden praises private investments in electric mobility – but not all large corporations are on his list
The White House has now published a list of dozens of electric mobility announcements by companies. The message seems to be: Look, these big companies are participating. But not all…
Share falls in double digits – Scholz calms down
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The forced merger of the struggling major Swiss bank Credit Suisse…
Share falls in double digits – Scholz calms down
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The forced merger of the struggling major Swiss bank Credit Suisse…
Deutsche Bank stock plummets in double digits
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The forced merger of the struggling major Swiss bank Credit Suisse…
US investors hold back on interest rate decision as Orbit stock soars 60 percent
new York The US stock exchanges initially turned positive after the interest rate decision by the US Federal Reserve, but then lost 0.6 percent shortly before the market closed. The…