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Wall Street shrugs off 2017 blues to focus on tax law’s ‘immediate, positive impact’
Business

Wall Street shrugs off 2017 blues to focus on tax law’s ‘immediate, positive impact’

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Goldman Sachs curbs stock-buyback plans after tax reform wipes out profit
Business

Goldman Sachs curbs stock-buyback plans after tax reform wipes out profit

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Despite its initial costs, Bank of America executives have been optimistic that the Republican tax overhaul signed into law by President Trump will deliver the promised benefits. (Daniel Tepper/Bloomberg)
Business

With $2.9 billion charge, Bank of America joins lenders pinched by tax bill

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While there's an initial cost from the tax bill, GE's Chief Financial Officer Jamie Miller said the company likes the new business framework.
Business

Trump tax plan compounds $6.2 billion blow from GE insurance troubles

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While the tax plan's up-front cost led to an $18.3 billion net loss in the three months through December, Citigroup remains optimistic about its future benefits. (AP Photo/Mark Lennihan, File)
Business

Citi’s rosy forecast looks past $22 billion charge from Trump tax plan

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Citigroup revenue climbed 3 percent to $18.9 billion in the first three months of 2018.
Business

Lower tax rate may cost banks another $20 billion before benefits kick in

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Wells Fargo agreed to a $1 billion settlement over auto- and mortgage-lending practices, and its growth has been capped by the Federal Reserve.
Business

Fake account fallout overshadows Wells Fargo’s $3.4 billion tax bounty

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JPMorgan Chase released earnings figures on Friday. CFO Marianne Lake said that the lower tax rate, about 20 percent in the near term compared with 29.6 percent in the third quarter of 2017, is a
Business

JPMorgan’s tax rate slides after $2.4 billion bite at year’s end

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The latest tax bill and deregulation coming down the line has been a positive for equity markets, with the blue-chip Dow Jones Industrial Average surging 38 percent to a record above 25,000 and the broader S&P 500 climbing 29 percent. (iStock)
Business

For US banks, tax-cut bonanza follows a gloomy year for traders

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Berkshire Hathaway CEO Warren Buffett (pictured above) has named two new successors: Ajit Jain, who heads Berkshire's reinsurance operations, and Gregory Abel, who runs Berkshire Hathaway Energy. (AP Photo/Nati Harnik)
Business

Billionaire Warren Buffett names two potential heirs to Berkshire CEO role

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