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Earnings Report

Citi Posts Highest Profit in Eight Years as Costs Plunge

The third biggest U.S. bank by assets revealed its highest quarterly profit in eight years as restructuring efforts and costs paid off and legal expenses plunged. Citigroup shares soared in pre-market trading after earnings were released.

JPMorgan Chase Kicks Off 2Q Bank Earnings Season with Beat

The No. 1 U.S. bank by assets revealed second-quarter earnings results that topped expectations, and a 5.2% increase in quarterly profits as expenses declined. The results sent the bank's shares higher in pre-market trade.

Week Ahead: Focus on Bank Earnings

Earnings reports from the biggest U.S. banks will dominate next week’s economic calendar as investors hope the financial sector rebounds from a disappointing fourth quarter.

PNC Grows 1Q Profits 6.5% as Expenses Shrink

PNC logged a stronger-than-expected 6.5% rise in first-quarter earnings as the regional lender benefited from declining expenses and lower provisions for credit losses.

AmEx Posts Mixed 1Q Results

American Express reported a 12% increase in its first-quarter earnings, as the credit card giant benefited from increased spending by its members.