Latest Corporate News News
J.P. Morgan Chase Reports Q4 Earnings Miss on Apple Deal Impact
J.P. Morgan Chase's fourth quarter profit dropped 7% year-over-year to $4.63/share due to a new Apple credit card deal, though adjusted earnings beat estimates. Core Wall Street trading revenues rose 15%, but investment banking fees fell 5%; revenue increased 7% to exceed expectations.
CEO Jamie Dimon highlighted resilient consumer spending despite soft labor market.
Invitation Homes Acquires ResiBuilt Homes for Build-to-Rent Expansion
Invitation Homes bought ResiBuilt Homes, a leading Southeast U.S. build-to-rent developer, to boost housing supply. The acquisition enhances delivery of family-oriented communities in high-growth markets.
Deal announced January 16, 2026.
Citigroup, Wells Fargo, Bank of America Beat Earnings Estimates
Following J.P. Morgan, Citigroup, Wells Fargo, and Bank of America reported Q4 earnings, beating adjusted estimates. Wells Fargo and Citigroup slightly missed revenue; all navigated credit card rate pressures.
J.P. Morgan shares up 34% in 2025.