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JPMorgan results trump estimates as election stimulates trading

(Reuters) – JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported stronger-than-expected quarterly earnings and revenue on Friday, helped by a surge in investor activity related to the U.S. presidential election. The bank's net income rose 23.8 percent to $6.73 billion in the three months ended Dec. 31, while earnings per share rose to $1.71 from $1.32. “The U.S. economy may be building momentum,” he added.

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JPMorgan results trump estimates as election stimulates trading

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Wells Fargo reports fifth straight decline in profit

(Reuters) – Wells Fargo & Co , the largest U.S. mortgage lender, reported its fifth straight decline in quarterly profit on Friday as it tries to recover from a bogus-accounts scandal.

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Wells Fargo reports fifth straight decline in profit

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Thanksgiving sales surge online as shoppers stay home for holiday

At the start of the first holiday shopping season since the election of Donald Trump as president on November 8, U.S. consumers loosened their purse strings and spent $1.15 billion online between midnight and…

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Thanksgiving sales surge online as shoppers stay home for holiday

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Oil prices fall on strong dollar, trading thin ahead of OPEC meeting

By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Friday, under pressure from a strong dollar, but activity was low after the U.S. Thanksgiving holiday and with many traders reluctant to take big…

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Oil prices fall on strong dollar, trading thin ahead of OPEC meeting

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Wells Fargo asks U.S. court to dismiss account scandal lawsuit

Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents. The motion, filed in the U.S. District Court in Utah on Wednesday, is in response to the first class action lawsuit filed…

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Wells Fargo asks U.S. court to dismiss account scandal lawsuit

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Samsung America says it has replaced most recalled Galaxy Note 7s

(Reuters) – Samsung Electronics America said on Friday it has replaced nearly 85 percent of all recalled Galaxy Note 7 devices as it works to resolve the issue of fire-prone phones. South Korean parent company Samsung Electronics Co Ltd announced the global recall of at least 2.5 million Note 7s in early September following numerous reports of the smartphones catching fire. Samsung will be releasing a software update in the coming days to limit the phone's ability

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Samsung America says it has replaced most recalled Galaxy Note 7s

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Berkshire profit falls 24 percent, keeps Wells Fargo stake

Berkshire is Wells Fargo's largest shareholder. Quarterly net income for Omaha, Nebraska-based Berkshire fell to $7.2 billion, or $4,379 per Class A share, from $9.43 billion, or $5,737 per share, a year earlier. Operating profit, which excludes investment and derivative gains and losses, rose 7 percent to

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Berkshire profit falls 24 percent, keeps Wells Fargo stake

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Wells Fargo CEO forfeits millions as board orders review

(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the center of a burgeoning sales scandal, has left the company ahead of her planned Dec. 31 retirement date, will get…

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Wells Fargo CEO forfeits millions as board orders review

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Wells Fargo CEO forfeits millions as board orders review

(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank'…

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Wells Fargo CEO forfeits millions as board orders review

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U.S. Labor Department launches review of all Wells Fargo complaints

By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a “top-to-bottom” review of all cases, complaints and other alleged violations that…

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U.S. Labor Department launches review of all Wells Fargo complaints

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