Banking & Finance

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Ocwen Takes Steps to Defend Itself

Ocwen Financial Corp. (NYSE: OCN) Monday morning had a strong response to law firm Gibbs & Bruns, regarding residential mortgage-backed securities investors the firm represents. The company released an open letter ...
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Synchrony Earnings Send Stock to New High

Synchrony Financial (NYSE: SYF) reported fourth-quarter and full-year 2014 results before markets opened Friday. The white-label credit card issuer reported diluted quarterly earnings per share (EPS) of $0.64 on net ...
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What to Expect From Synchrony Earnings

Synchrony Financial (NYSE: SYF) will report its fourth-quarter results Friday before the market open. Thomson Reuters has consensus estimates of $0.60 in earnings per share and $2.83 billion in revenue. ...
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Are American Express Earnings Enough?

After the market closed Wednesday, American Express Co. (NYSE: AXP) reported its fourth-quarter earnings as $1.39 per share on $9.1 billion in revenue against Thomson Reuters consensus estimates of $1.38 ...
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After Earnings, Which Big Bank Stock Is Cheapest?

Now that all four of the largest U.S. banks have reported fourth-quarter and full-year earnings, it seems like a good time to take a look at the results and try ...
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Morgan Stanley Earnings Hit by Lower Trading Revenues

Morgan Stanley (NYSE: MS) reported fourth-quarter and full-year 2014 results before markets opened Tuesday. For the quarter, the big bank reported adjusted diluted earnings per share (EPS) of $0.47 on ...
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World currency

Leucadia Rescues FXCM — for a Price

Leucadia National Corp. (NYSE: LUK) has bailed out battered foreign exchange broker FXCM Inc. (NYSE: FXCM) with a $300 million cash investment in exchange for $250 million two-year secured notes ...
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Interactive Brokers Outlines Exposure to Swiss Franc Losses

The movement in the Swiss franc caused much carnage in European markets on Thursday, as well as the many international brokers and lenders that were affected, depending on their level ...
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What the Franc’s Volatility Means for FXCM

In the wake of the Swiss central bank removing the cap of the franc against the euro, the Swiss market saw nearly a 10% sell-off almost immediately. This skyrocketed the ...
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Goldman Sachs

Not Even Goldman Sachs Escapes Bank Earnings Drag

Goldman Sachs Group Inc. (NYSE: GS) reported fourth-quarter and full-year 2014 results before markets opened Friday. For the quarter, the investment bank and financial services giant reported diluted earnings per ...
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Legal Charges an Even Larger Factor in Citi Earnings

Citigroup Inc. (NYSE: C) reported its fourth-quarter results Thursday before the market open as $0.06 in earnings per share and $17.8 billion in revenue. That was against Thomson Reuters consensus ...
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Bank of America

Bank of America Earnings Hurt by Trading, Low Interest Rates

Bank of America Corp. (NYSE: BAC) reported fourth-quarter and full-year 2014 results before markets opened Thursday morning. The most heavily traded of the big bank stocks reported diluted earnings per ...
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What to Expect From Bank of America Earnings

Bank of America Corp. (NYSE: BAC) will report its fourth-quarter results Thursday before the market open. Thomson Reuters has consensus estimates of $0.32 in earnings per share and $20.94 billion ...
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What to Expect From Citigroup Earnings

Citigroup Inc. (NYSE: C) will report its fourth-quarter results Thursday before the market open. Thomson Reuters has consensus estimates of $0.11 in earnings per share and $18.51 billion in revenue. ...
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Fed Interest Rate Hikes Keep Getting Pushed Out Farther and Farther

When interest rates will be raised by the Federal Reserve has been debated for quite some time. Now the argument is becoming more solid that interest rates will not be ...
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