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Morgan Stanley says first-quarter profit surges 38% as price swings returned to global markets following an unusually calm 2017.
Goldman Sachs says first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017.
Bank of America's corporate tax rate fell after passage of President Donald Trump's fiscal-stimulus law in late 2017.
JPMorgan CEO Jamie Dimon has touted the benefits of Trump's tax cuts as providing tax relief for the middle class, but the new law, which the bank lobbied for, is also delivering a windfall to its own bottom line.
Wells Fargo, led by CEO Tim Sloan, is struggling to recover from a series of scandals stemming from an alleged corporate culture of aggressive sales practices, including the opening of millions of unauthorized accounts on behalf of customers and selling them unnecessary auto insurance.
Like Wall Street rival JPMorgan Chase, Citigroup benefits from Trump's tax cuts as its corporate rate drops.
Stock markets are seeing bigger fluctuations this year amid speculation over signs of accelerating inflation, the pace of Federal Reserve rate increases and U.S. trade tensions with China. That's a relief for JPMorgan and other Wall Street firms following a bout of unusually calm -- and less lucrative -- trading conditions in 2017.
Spotify's streaming service is among the highest value per dollar internet services, Stifel says in a new buy rating.
You may use Spotify every day, but that doesn't mean it's a solid long-term bet.
As with any online service, Spotify's true value may lie with its monthly active users. Here's a few things you should know about Spotify's user-base before you decide to invest in the streaming platform.
Bill Dudley, who as president of the Federal Reserve Bank of New York oversees big banks like JPMorgan and Citigroup, says bankers might police risk-taking by employees more aggressively if their compensation came in the form of bonds instead of stock. That way, they'd care more if their company could pay back its debts.
Don't worry. We've got Bourbon for you at the end of this crazy week of market chaos, trade war talk, Facebook, Fed and #FakeNews. Rewind and unwind with TheStreet's video newsletter.
Dropbox stock will trade at $35 if it's valued at the same forward revenue multiple as Adobe Systems.
Cloud storage company sees strong demand for shares.
From shamrocks to bagpipes, here's everything you need to know this St. Patrick's Day. Watch all the videos you missed in this week's Rewind, TheStreet's video newsletter.