Most mutual funds don’t beat the market — but what’s ‘the market’ anyway?
Did your mutual fund beat the market last year? The answer isn’t clear, since it depends on how you define “the market.” ...
Bond king Gundlach says investors have ‘left the bus’ as yields spike during Fed cuts. Here’s his advice.
DoubleLine Capital’s chief investment officer and founder Jeff Gundlach sounded off on the economy and markets in webcast to ...
SilverCrest Metals Gold Output Falls Slightly, Average Selling Price Up -- Commodity Comment
SilverCrest Metals recovered slightly less gold in the fourth quarter from its Las Chispas operation in Mexico, but sold its inventory at a higher price. SilverCrest recovered 13,993 ounces of gold in ...
JPMorgan Chase's net interest income dips 3%
JPMorgan Chase said its fourth-quarter net interest income dropped by 3% of $23.35 billion. The consolidated bank's interest rate spread narrowed to 1.95% in the fourth quarter from 2.03% a year ...
Wells Fargo's commercial banking revenue down 6%
Wells Fargo's commercial banking revenue fell 6% to $3.171 billion in the fourth quarter, as middle-market banking was down 2% and asset-based lending and leasing was down 12%. Average loans fell 1% ...
Wells Fargo's wealth and investment management revenue up 8%
Wells Fargo's wealth and investment management segment's revenue rose 8% in the fourth quarter to $3.958 billion. Net interest income at the segment was down 6%, as deposit costs rose due to ...
JPMorgan's accelerating debit and credit growth could please payments investors
JPMorgan's debit and credit business saw sales volume growth pick up during the latest quarter, in what could be an upbeat signal for payment-technology companies. The bank's year-over-year growth in ...
JPMorgan issues conservative outlook on 2025 net interest income
JPMorgan Chase & Co. said it expects its 2025 net interest income to fall to about $90 billion excluding markets from its reported 2024 level of $92.4 billion. The bank said lower interest rates ...
Strong growth in JPMorgan's equities business driven by derivatives, cash
Within JPMorgan's fastest growing commercial and investment bank segment, it was markets and securities services that grew that fastest. That revenue hiked up 20.1% to $8.33 billion, as equity markets ...
Wells Fargo corporate and investment banking revenue down 3%
Wells Fargo said revenue at its corporate and investment banking segment fell 3% to $4.613 billion in the fourth quarter from $4.735 billion a year ago. The bank's investment bank fees rose 28% to ...
JPMorgan's commercial and investment bank business sees biggest growth
JPMorgan's commercial and investment bank segment saw revenue climb 17.5% to $17.60 billion, a big improvement from the 8% growth seen in Q3. That was the bank's fastest growing segment by far, as the ...
Wells Fargo profit from home lending climbs
Wells Fargo said profit at its consumer bank from home lending rose to $854 million in the fourth quarter from $839 million a year ago, while profit from credit card lending rose to $1.489 billion ...