Bank profits remain resilient despite lingering pandemic

In the early months of the U.S. pandemic, banks set aside tens of billions of dollars to cover losses that could come from loans that were suddenly going bad. On top of t...

Wall Street has lingering concerns about a contested election, even as Biden leads in the polls

Even as Joe Biden consistently leads in national and swing-state polls, bankers on Wall Street are still concerned about the possibility of a contested election. A contes...

JPMorgan, Citi profits improve amid signs of recovery

Both Citi and JPMorgan set aside fewer funds to cover potentially bad loans, contributing to the improvement in their third-quarter results. JPMorgan had $611 million in ...