Banking & Finance

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Oppenheimer’s Top Bank Stocks to Buy for the Rest of 2014

If any Wall Street sector has had headline risk for the past year, and some would say five years, it is the banking sector. Despite a horrible public relations nightmare ...
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Crumbling Greek flag with euro

Can National Bank of Greece and Bank of Ireland Recover?

The woes of Europe are supposed to be abating, at least somewhat. That is certainly supposed to be the case in the lands of the PIIGS -- Portugal, Ireland, Italy, ...
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CIT’s $3.4 Billion Buyout Makes It Systemically Important to Regulators

CIT Group Inc. (NYSE: CIT) may have delivered on beating its earnings expectations, but this is just a tiny fraction of the story here. CIT's acquisition of the parent company of ...
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GE Lays Out Plan for Synchrony IPO

When General Electric Co. (NYSE: GE) reported second-quarter earnings Friday morning, the company said that it hoped to get the spin-off of its North American consumer-finance business completed in an ...
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Credit cards

Merrill Lynch Very Bullish on Credit Card Stocks as Growth Surges

One thing that often gives economists more confidence in growth in the economy is higher credit card use by consumers. After the great recession of 2009, consumers went into hibernation ...
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Bank of America

Bank of America Earnings Still Battered by Legal Costs

Bank of America Corp. (NYSE: BAC) shared its second-quarter results before markets opened Wednesday. The most heavily traded of the big bank stocks reported diluted earnings per share (EPS) of ...
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Bank of America

What to Expect at BofA, Morgan Stanley After Other Big Bank Earnings

Tuesday morning reports from both JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group Inc. (NYSE: GS) continued the string of positive earnings reports from Wall Street's biggest banks. ...
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Goldman Sachs

Goldman Sachs Earnings Leap on Improved Lending, Underwriting

Goldman Sachs Group Inc. (NYSE: GS) reported second-quarter results before markets opened Tuesday. The investment bank and financial services giant posted diluted earnings per share (EPS) of $4.10 on revenue ...
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J.P. Morgan Earnings Look Good Because Expectations Were Low

JPMorgan Chase & Co. (NYSE: JPM) reported second-quarter results before markets opened Tuesday. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.46 on ...
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bank

How Citi Earnings Will Impact Goldman Sachs, J.P. Morgan and BofA

After backing out the $3.8 billion in charges for settling its dispute with the U.S. Department of Justice, Citigroup Inc. (NYSE: C) reported better-than-expected second-quarter results Monday morning. The bank ...
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down market

Markit Gets Cold Reception From Analysts After IPO

Markit Ltd. (NASDAQ: MRKT) saw a strong initial public offering (IPO). After pricing at $24, shares initially rose to about $26.50. Now the analyst quiet period has officially ended, and ...
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Citigroup Settlement With Justice Department Slashes Earnings

Citigroup Inc. (NYSE: C) reported second-quarter results before markets opened Monday. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.24 on revenue of ...
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Valuation and Reality Set in at Wells Fargo

Shares of Wells Fargo & Co. (NYSE: WFC) opened down about 1.3% Friday, following a lackluster second-quarter earnings report. But the bank had some trouble putting its deposits to work ...
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Wells Fargo Doesn’t Impress or Disappoint Investors

UPDATED: Investors continued to be unimpressed Friday, with shares down almost 2% in early trading and still down 1% by mid-day. Wells Fargo & Co. (NYSE: WFC) reported second-quarter results ...
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Federal Reserve

FOMC Minutes Signal October End to Asset Purchases

The Federal Reserve released the minutes of the June meeting of its Federal Open Market Committee (FOMC) on Wednesday afternoon. The minutes indicate that the FOMC plans to end its ...
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