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Bank of America, Wells Fargo and Other Banks Report Strong Earnings

[ad_1] Four of the nation’s largest banks posted quarterly earnings that beat expectations on Thursday, continuing a strong earnings season for the financial sector. Solid reports from four banks (Bank of America, Wells Fargo, Morgan Stanley and Citigroup) highlighted their optimism about the economic recovery from the pandemic, even amid risks from the Delta variant …

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Bank of America and Wells Fargo beat earnings estimates

[ad_1] Four of the country’s biggest banks are posting their financial results on Thursday, a day later. JPMorgan Chase made a solid start to the earnings season. Bank of America beat analysts’ expectations, reporting a profit of $7.7 billion, or 85 cents per share, for the quarter ended September. The bank’s dealmakers received a record …

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BlackRock and Wells Fargo delay plans to return to office due to virus

[ad_1] Two major financial institutions have delayed their plans for a more complete return to office, citing renewed concerns about the outbreak. In internal memos given to US employees on Thursday morning, BlackRock, the world’s largest money manager, and Wells Fargo, one of the nation’s largest banks, said they would delay their mandatory return plans …

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