Federal Reserve Bank of New York President John Williams, a key economic advisor to Fed Chairman Jerome Powell, said the economy is no longer benefiting from the early-2018 stimulants of tax cuts, low interest rates and buoyant financial markets.
Morgan Stanley reports earnings per share of 80 cents in the fourth quarter, below analysts' forecasts of 89 cents.
Bank of America's fourth-quarter profit of 70 cents a share beats analysts' estimates of 63 cents.
Goldman Sachs swings to a profit in the fourth quarter, following a loss a year earlier, in new CEO David Solomon's first full financial-reporting period since he succeeded Lloyd Blankfein.
BlackRock, the largest U.S. money manager, suffered from a drop in fees as the stock market's plunge last year sapped investment-advisory fees and caused investor assets under management to slip below $6 trillion.
JPMorgan's fourth-quarter profit of $1.98 a share misses analysts' estimates of $2.20, as trading revenue falls short of expectations and costs rise for loan-loss reserves.
U.K. Prime Minister Theresa May suffered a humiliating defeat of her proposed EU exit deal Tuesday, as lawmakers rejected her motion by vote of 432 to 202, setting up the possibility of a collapse of the government and fresh nation elections.
Germany's economy grew at the slowest pace in five years last year, official data indicated Tuesday, as the ongoing U.S-China trade war, alongside disputes on tariffs between Washington and Brussels, hit Europe's largest economy.
Citigroup's fourth-quarter adjusted profit of $1.61 a share tops analysts' estimates.