Company Reports – Page 79

Goldman Sachs Sheds Consumer Loans as Losses Mount

The Wall Street bank sold off some loans from its consumer-banking arm, Marcus, revealing a nearly $500 million loss in the business.

By Rob Copeland

Banking and Financial Institutions Bettinger, Walter W II Charles Schwab Corporation Company Reports Financial Brokers

Charles Schwab’s Deposits Shrink, but Profits Grow Faster Than Expected

The brokerage giant, which has been swept into the turmoil surrounding the banking sector, seemed to ease fears about its financial health in its latest earnings report.

By Tara Siegel Bernard

Company Reports Consumer Price Index Federal Reserve System Inflation (Economics) Prices (Fares, Fees and Rates) United States Economy

The Week in Business: Moderating Inflation

The Biden administration’s sweeping plans to get more electric vehicles on the road. The big banks’ strong earnings. The Fox v. Dominion trial is starting. And tax day is almost here.

By Marie Solis

Company Reports JPMorgan Chase & Company PNC Financial Services Group Inc Wells Fargo & Company

Biggest U.S. Banks Report Bumper Profits Amid Industry Turmoil

JPMorgan Chase, Wells Fargo and PNC Financial comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector.

By Rob Copeland and Stacy Cowley