Ciara Linnane

State Street Corp.'s stock rose 4% premarket Friday to buck the negative trend in the banking sector, after JPMorgan Chase & Co. and Wells Fargo & Co. Inc. both posted better-than-expected first-quarter earnings but saw their stocks fall. The Boston-based custodial bank posted better-than-expected

Citigroup Inc. posted better-than-expected first-quarter earnings on Friday, sending its stock up 2% premarket. The bank had net income of $3.4 billion, or $1.58 a share, for the first quarter, down from $4.6 billion, or $2.19 a share, in the year-earlier period.Revenue fell 2% to $21.1 billion

Citigroup's markets revenue fell 7% in the first quarter, driven by lower fixed income revenue that was partially offset by growth in equity revenue. Fixed income revenue fell 10% to $4.2 billion, most due to lower volatility in rates and currencies that was partially offset by strength in spread p

Citigroup Inc.'s retail banking business saw revenue grow 10% in the first quarter to $5.178 billion. Branded card revenue rose 7% to $2.640 billion, while retail services was up 18% at $1.900 billion.Retail banking revenue rose 1% to $638 million.But the business segment's cost of credit rose

JPMorgan Chase & Co.'s stock is down 5.7% to $186.27, putting it on track for its lowest close since March 1. The stock is now down for four straight days to mark its longest losing streak since April 4, when it fell for four straight trading days, according to Dow Jones Market Data.The stock is

Citigroup Inc.'s first-quarter earnings were

Morgan Stanley's CEO Ted Pick said the bank regained its leadership position in equity capital markets in the first quarter, as the new issue calendar picked up after a long stretch in the doldrums.

PNC Financial Services Group Inc.'s stock fell 0.7% early Tuesday, after the Pittsburgh-based regional lender's first-quarter earnings fell from a year and revenue was short of estimates. PNC had net income of $1.344 billion, or $3.10 a share, for the first quarter, down from $1.694 billion, or $3.

Morgan Stanley is planning to tap the investment-grade bond market later Wednesday with a four-part deal divided between four-year, six-year and 11-year notes, Bloomberg reported. The deal comes a day after the bank posted [better-than-expected first-quarter earnings,](https://www.marketwatch/l

Knight-Swift Transportation Holdings Inc.’s stock slid 3.5% Wednesday, after the freight company drastically lowered its guidance for the first half — citing an oversupplied truck market, disruptive weather in January and a softer-than-expected start to the bid season. The early part of the bid sea