Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Wall Street Roundup: Chasing JPMorgan. The economic drag of banks.

April 13, 2011 |  8:15 am

Gold: Trading now at $1,458 per ounce, up 0.3% from Tuesday. Dow Jones industrial average: Trading now at 12,308.90, up 0.4% from Tuesday.

Chasing JPMorgan. JPMorgan Chase & Co., the first big bank to report its first-quarter results, showed strong earnings, sending stocks up.

Wall sign -- stan honda afp getty images Hard being No. 2. Morgan Stanley, the perpetual little brother to Goldman Sachs on Wall Street, is continuing to have trouble finding a growth strategy and shareholders are growing impatient with the firm's CEO.

The economic drag of banks. Bankers have defended their importance to the U.S. economy, but could they actually be weakening the country's entrepeneurial strength? That's what a new study suggests.

--Nathaniel Popper

Credit: Getty Images/Stan Honda.

Comments 

Advertisement










Video