Goldman Sachs notches worst annual profit in four years
Wall Street giant Goldman Sachs reported its lowest annual profit since 2019, due to a failed expansion into consumer banking and losses from the economic slowdown that hit its core business last year. , the Wall Street giant announced Tuesday. Goldman Chief Executive David Solomon told analysts the move hurt earnings even as the bank […]
Bank of America profit falls on $3.7B in charges
“Making Money” host Charles Payne said on “The Big Money Show” that this week's bank earnings will provide a glimpse of the stability of the U.S. economy. Bank of America's fourth-quarter profit narrowed as the bank took a $3.7 billion levy to replenish the government's deposit insurance fund and phase out its lending index. Net […]
JPMorgan profit shrinks as it sets aside $3B for deposit insurance fund
“Making Money” host Charles Payne said on “The Big Money Show” that this week's bank earnings will provide a glimpse of the stability of the U.S. economy. JPMorgan Chase & Co. reported its best annual profit on record, with interest income in 2024 meeting expectations, even as quarterly profits were hurt by a $3 billion […]
Walgreens quarterly profit beat helped by higher drug prices, cost cuts
Stephen Wieting, Chief Economist at Citi Global Wealth, joins Making Money to discuss investing in the Great Market Reset. U.S. pharmacy chain Walgreens Boots Alliance on Thursday cut its dividend by almost half in a bid to save more money, even as the company reported a better-than-expected quarterly profit thanks to cost-cutting measures. Rising drug […]