Banking & Finance

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Co-signer Can Put Student Loans Into Default

The Consumer Financial Protection Bureau has put out a bulletin with extraordinary information. If the co-signer on a student loan dies or files for bankruptcy, the student loan can be ...
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Hedge Funds Hit Record $2.7 Trillion in Assets

Hedge Funds may not be getting the stellar performance that many investors were accustomed to when this was an obscure industry, but it turns out that they are still at ...
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Goldman Sachs

Goldman Sachs Delivers on Earnings and Book Value Growth

Goldman Sachs Group Inc. (NYSE: GS) is still a new Dow Jones Industrial Average component, and now the bulge bracket investment banking firm -- and bank holding company without any ...
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Morgan Stanley Stays Profitable

Morgan Stanley (NYSE: MS) reported first-quarter results before markets opened Thursday. The big bank reported adjusted diluted earnings per share (EPS) of $0.68 on revenue of $8.8 billion. In the ...
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Credit

American Express Earnings: When 6% Customer Spending Gain Is Not Enough

American Express Co. (NYSE: AXP) is finding a mixed reception after its earnings report. The higher-end credit card issuer reported a 16% earnings gain to $1.33 in earnings per share ...
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Bank of America

Bank of America Earnings Hammered by Legal Costs

Bank of America Corp. (NYSE: BAC) reported first-quarter results before markets opened Monday. The most heavily traded of the big bank stocks reported a diluted earnings per share (EPS) loss ...
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Federal Reserve

Janet Yellen Talks Up Even More Bank Capital Requirements

Janet Yellen is still getting her feet wet as chairman of the Federal Reserve. A speech on Tuesday morning may only act to create more confusion from the banks. At ...
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Citigroup Thrives on Cost-Cutting

Citigroup Inc. (NYSE: C) reported first-quarter results before markets opened Monday. The investment bank and financial services giant reported adjusted diluted earnings per share (EPS) of $1.23 on revenue of ...
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Wells Fargo Lending Grows, So Do Profits

Wells Fargo & Co. (NYSE: WFC) reported first-quarter results before markets opened Friday. The banking giant reported diluted earnings per share (EPS) of $1.05 on revenue of $20.6 billion. In ...
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JPMorgan Earnings Clubbed by Mortgage Lending

JPMorgan Chase & Co. (NYSE: JPM) reported fiscal first-quarter results before markets opened Friday. The investment bank and financial services giant reported adjusted diluted earnings per share (EPS) of $1.28 ...
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An Almost Stellar 30-Year Treasury Auction

The U.S. Treasury has just sold its 3.625% 30-year Treasury bonds, or the so-called long bond, at a yield of 3.525%. The recent unsettling of the stock market recovery might ...
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Crumbling Greek flag with euro

Why NBG Should Like Greece’s Bond Sale But Didn’t

The capital markets have opened back up to Greece. The struggling, or very struggling, island nation in the eurozone (and one of the PIIGS), has tapped the capital markets for ...
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bank

Full Earnings Previews for J.P. Morgan and Wells Fargo

Friday morning is likely to set the tone of earnings season as far as the big banks are concerned. The two largest banks are reporting earnings: J.P. Morgan Chase & ...
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Ally Financial IPO Starts on Bad Note for Taxpayers

Ally Financial Inc. (NYSE: ALLY) priced its initial public offering at $25 a share after markets closed on Wednesday. The IPO price was at the low end of the expected ...
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Jamie Dimon Take Home Pay $11.8 Million for 2013

Being a bank CEO and Chairman is still no easy task in the current climate. In the world of the public reviewing CEO pay, it turns out that Jamie Dimon ...
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