Charles Schwab reported a near 37% jump in adjusted first-quarter profit driven by upbeat performance in its asset management and trading businesses.
Merrill Lynch and BofA's Private Bank posted flat earnings for first quarter of 2025 even as their parent company reported strong overall performance.
Citigroup (C) shares rose in early trading Tuesday after the bank reported better-than-expected first-quarter results.
The tone from Wall Street CEOs during Friday’s earnings calls was notably cautious—even bleak—despite a strong set of first-quarter results.
Citigroup downgraded its stance on U.S. equities and slashed its S&P 500 index target for this year.
The world's largest money manager BlackRock's assets increased to a record high in the first quarter despite volatility in financial markets.
Switzerland's main banking lobby on Friday said the Swiss economy could face serious consequences if UBS were driven away.
