Big banks saved $3.6B in taxes last quarter under new law

The nation's six big Wall Street banks posted record or near record profits in the first quarter, thanks largely to the recently enacted Trump tax law. .....»»

Big banks could face an $11 billion tax increase under Biden's tax proposal, a reversal from the billions saved under Trump's 2017 tax cuts. U.S. .....»»

Revenues and profits rose sharply for Goldman Sachs in the first quarter of 2018. All four of the banks business lines posted solid revenue increases......»»

Second-quarter earnings reports from three of the biggest U.S. banks on Friday showed the sector is benefiting from policy changes in Washington that have lowered their taxes, boosted interest rates and allowed them to buy back more stock......»»

As per the research company, Tesla sold 140,187 electric vehicles in the U.S. last quarter, marking a 13.3% drop from the 161,630 vehicles sold in the corresponding quarter of 2023. read more.....»»

Bank of America shares are trading lower by 1.3% during Friday's session. A number of major U.S. banks reported first-quarter earnings Friday. read more.....»»

"We are all clearly disappointed and are taking.....»»

Federal tax returns are due May 17, but many people still need to pay their first quarter 2021 estimated tax payments .....»»

Cryptocurrency exchange Coinbase is coming public Wednesday, the same day that three of the nation's banks report first-quarter results. Which is the bigger story?.....»»

U.S. stocks are slightly higher Wednesday morning as earnings of big banks kick off the first quarter reporting season, beginning with results from JPMorgan Chase, Wells Fargo and Goldman Sachs......»»

Three of the five largest U.S. banks will report first-quarter 2021 earnings before markets open Wednesday morning. We'll also hear from specialty retailer Bed, Bath & Beyond......»»

U.S. stocks finish modestly lower Monday, as investors gear up to hear from the nation's largest banks, including JPMorgan Chase and Goldman, which kick off first-quarter earnings this week......»»

U.S. stocks are slightly lower Monday afternoon as investors gear up to hear from the nation's largest banks, including JPMorgan Chase & Co. and Goldman Sachs Group, which kick off first-quarter earnings this week......»»

U.S. equity futures traded lower as first-quarter earnings season kicks off unofficially this week when many of the big banks post their January-through-March results......»»

The number of borrowers utilizing deferrals was down at the end of the year and banks are stashing away less cash to cover bad loans, but a strong economic recovery is still far from guaranteed......»»

GLENWOOD SPRINGS. Colo., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX:ALPIB) ("Alpine" or the "Company"), the holding company for Alpine Bank, today announced results (unaudit.....»»

"Nobody rings a bell at the top," says Putnam Investments in a first-quarter outlook about lofty stock levels and the glut of negative yielding global debt......»»

Morgan Stanley Reports Blowout Quarter Cementing The Bank's Best Year In History Concluding the big banks flurry of Q4 updates, this morning Morgan Stanley .....»»

GREENVILLE, S.C., Jan. 19, 2021 (GLOBE NEWSWIRE).....»»

Recent price hikes and growing competition will butt heads with a popular fourth-quarter content lineup and expansion in key markets. Anya Taylor-Joy stars in "The Queen's Gambit" on Netflix.....»»