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Citigroup boosted CEO Michael Corbat's pay to $23 million, even as the bank failed to meet the CEO's own profitability goal for a third straight year, and as it reported a full-year net loss of $6.2 billion due to the write-off of tax credits that management had touted as a competitive advantage.
The Goldman Sachs board of directors gave CEO Lloyd Blankfein a 9% pay raise in 2017 to $24 million, even as the firm turned in its worst performance in years.
Cash repatriation and favorable macro conditions could lead the pace of tech acquisitions to pick up. But tech giants are said to be nervous about opening themselves to regulatory scrutiny.
Last week's market drop rattled investors with concerns about rising inflation and interest rates. Yet with the economy progressing at a slower pace than in past cycles, there's plenty of time left to profit from bank stocks like JPMorgan, Bank of America and Citigroup, typically among the biggest beneficiaries of economic growth, argues Sandler O'Neill.
After January 2018 racked up the most deal volume by dollar amount ever, February could see a bit of a respite as firms looking to list wait for enormous market swings to settle.
The CEO's raise comes as the bank has reaped increasing lending revenue from Federal Reserve interest-rate hikes while opting not to pass along the higher rates to savers with deposit accounts. His pay was roughly 152 times that of the average worker at Bank of America, who saw pay held roughly flat at $151,125 in 2017.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Twitter, which reported strong financial results on Thursday, has become a preferred way for people to advertise.
'Bottom line, we believe the latest downdraft in equities appears to be an emerging buy-the-dip opportunity rather than the start of a significant selloff,' LPL says.
Drinks on Evan Spiegel. Watch and find out why shares of Snap are soaring.
UPS gave investors a mixed set of results on Thursday. TheStreet talks with UPS CFO Richard Peretz about the quarter and year ahead.
Shares of Hudson Group HUD, which operates the eponymous Hudson News stores in airports and transportation hubs, moved lower on Thursday following its debut as a public company on the New York Stock Exchange.
Prices took a hit Tuesday. These are the top stories you need to know Tuesday.
The Federal Reserve has raised interest rates over the past two years, but the biggest Wall Street banks are holding the line on the rates they pay depositors. As a result the banks have kept the extra income for themselves, benefiting executives, employees and shareholders at the expense of retirees and other ordinary savers.
Under JPMorgan CEO Jamie Dimon's own formula, a financial crisis happens every five to seven years. It's now been a decade since the last crisis.
Shares of casino slot machine maker PlayAGS, backed by Apollo Global Management, surged 14% in its NYSE debut on Friday.