Financials

Morgan Stanley said Thursday that second-quarter profits rose 10% from a year earlier, thanks to a boost in fees from deal making and advising wealthy clients.

Apple Inc is working on a service that will let users pay for purchases in installments, Bloomberg News reported on Tuesday, sending shares of Afterpay Ltd and other "buy now, pay later" (BNPL) companies sharply lower.

Sumitomo Mitsui Financial Group Inc, Japan's second-largest lender by assets, plans to buy 5% of Jefferies Financial Group Inc shares for around 42 billion yen ($380.19 million), the Nikkei reported on Wednesday.

JPMorgan Chase & Co. CEO Jamie Dimon says American consumers appear to be moving on from the coronavirus pandemic with more money in their pockets.

Jamie Dimon's bank continued to free up money it had set aside last year to prepare for the Covid recession.

Sen. Elizabeth Warren, D-Mass., slammed Wells Fargo on Thursday after the embattled bank disclosed that its decision to scrap personal lines of credit could impact customers’ credit scores.

Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results for the April-June quarter.

Reuters is reporting exclusively that digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter.

Wells Fargo is making big changes to personal lines of credit.

Businesses spent $1.74 trillion on mergers and acquisitions involving U.S. companies during the first six months of the year—the highest amount in more than four decades—as finance chiefs tapped into cheap funding options to acquire technologies, services and other assets.

The Securities and Exchange Commission said it has charged Neovest Inc., a JPMorgan Chase & Co. unit that provides an electronic-trading platform, for operating as an unregistered broker-dealer.

Venmo will soon be adding fees for some previously-free services and hiking existing fees on others, the mobile transaction service informed its customers.

Goldman Sachs is reportedly in advanced talks to open a major campus in the Dallas, Texas, area, that is expected to be larger than all its U.S. hubs save for the Wall Street investment firm's Manhattan headquarters.

Several major American banks announced dividend boosts on Monday, days after the Federal Reserve said all big lenders passed their stress test and lifted the heightened restrictions imposed due to COVID-19.

UBS Group AG will permanently allow up to two-thirds of its employees to utilize a hybrid schedule that includes both working at home and going into the office.

The S&P 500 rallied to a record high Friday as investors grappled with the hottest annual reading of the Federal Reserve's preferred inflation measure in nearly 30 years.

The Federal Reserve has blessed the nation's largest banks with a clean bill of health paving the way for a flood of dividends and buybacks.

JPMorgan Chase is ready to bring employees back to the office even if their vaccine passport isn’t stamped.

JPMorgan Chase has bought a stake in the analytics company that helped make New England Patriots owner Robert Kraft a sports mogul.

Passing the Fed's stress tests will allow big banks to unleash billions to buy back stock and boost dividends.