Tag: Tax Cuts

December 11, 2019

The CEOs of America’s biggest companies say they expect to hire fewer people and invest less in the next six months owing to lingering worries about the economy. The Business Roundtable on Wednesday said an index that measures CEOs’ outlook […]

October 12, 2018

JPMorgan Chase & Co. (JPM) , the largest U.S. bank, said third-quarter profit jumped 24% from a year earlier thanks to President Donald Trump’s tax cuts even as revenue in its juggernaut trading business slowed. Net income rose to $8.38 […]

October 12, 2018

Citigroup Inc. (C) , the U.S. bank with the most sprawling international operations, said third-quarter profit rose 12% from a year earlier thanks to President Donald Trump’s steep cuts in corporate tax rates, even as revenue growth stalled. Net income […]

July 18, 2018

Morgan Stanley (MS) said second-quarter profit jumped 38% from a year earlier as the Wall Street firm posted the fastest growth in trading revenue among the largest U.S. banks, while President Donald Trump’s tax cuts fattened the bottom line. Net […]

July 16, 2018

Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax […]

April 16, 2018

Bank of America Corp. (BAC) , the giant U.S. bank, said first-quarter profit surged 30% as taxes decreased following President Donald Trump’s cuts in the corporate rate, while higher interest rates boosted lending revenue. Bank of America’s net income rose […]

January 30, 2018

Wall Street is looking for more economic growth this year, boosted by recently adopted tax cuts, but also more interest rate hikes from the Federal Reserve. Respondents to the CNBC Fed Survey expect gross domestic product to rise 2.9 percent […]

January 23, 2018

The tax overhaul has made the United States a more attractive business destination to overseas companies, Bank of America CEO Brian Moynihan said Tuesday. “What I don’t think people see that I’ve seen so far is not only the U.S. […]

December 22, 2017

Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C corporations will […]