Banking & Finance

initial public offering

Lending Club Files for IPO

Lending Club Corp. has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were released for the filing, but it will be ...
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Credit cards

The Worst Credit Cards in America

The abundance of rewards programs for U.S. credit card users might lead one to conclude that the best credit cards offer the best rewards. Not even close. According to J.D. ...
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ETF investing

Are Triple-Leveraged ETFs on the Way Out?

August is generally considered to be the dog days of summer in the financial markets. It seems like most investors are more concerned with their last vacation of the summer ...
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dollar

3 Business Development Company Stocks With Attractive Dividends

The business development company (BDC) segment may have come under fire this summer, but looking forward it still provides investment potential in the form of its dividends. The pressure was ...
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bank

TARP Payback Scorecard

Following the financial crisis of 2008, the U.S. Treasury was authorized to commit up to $700 billion to a troubled asset relief program -- TARP -- in an effort to ...
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Bank of America

What $16.65 Billion Really Means to Bank of America

Bank of America Corp. (NYSE: BAC) saw its shares rally late on Wednesday on news that it has reached a $17 billion settlement with the U.S. Department of Justice. Shares ...
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bank vault

Oppenheimer Says Buy the Big 3 Banks Instead Of Fully Valued Regionals

Wall Street often operates inside what seems to be a vacuum, and once an idea becomes hot, everybody seems to want to follow it. One big trade that became hot ...
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cannabis

Colorado Collects $6.5 Million In Taxes On Marijuana Sales

Colorado collected $6.5 million in taxes and fees from marijuana in July, according to the Colorado Department of Revenue. The sum may not approach that of the fees many states collect for ...
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difidends

Why Investors Cheered Annaly Earnings, Plus Key Analyst Upgrade

Annaly Capital Management Inc. (NYSE: NLY) is perhaps the king or gold standard of mortgage-backed securities real estate investment trusts (M-REITs). So when it reports earnings, that can ripple through ...
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Bank of America sign

BofA Dividend Hike May Just Be the First Step in Capital Returns

Bank of America Corp. (NYSE: BAC) has delivered good news to its common shareholders. The Federal Reserve has removed the block on its capital plan after it was resubmitted. In ...
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nuAIGlogo

AIG Keeps Chugging on Earnings and Share Buybacks

American International Group Inc. (NYSE: AIG) led the week off and reported its second quarter earnings on Monday. The insurance giant has recovered since the recession, it has paid taxpayers ...
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bank vault

Top Analyst Large and Mid-Cap Bank Stock Picks After Earnings Season

Second-quarter earnings season is behind us when it comes to most of the big banks and financial institutions. Sterne Agee's bank research team published a list of its top stock ...
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initial public offering

Why GE Stock Price Is Lower After Synchrony IPO

When General Electric Co. (NYSE: GE) first announced the spin-off of its North American credit card business, most observers were looking for the conglomerate to add about $3.2 billion to ...
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Synchrony IPO image

Synchrony IPO Fails to Deliver the Hoped-For Value for GE

Synchrony Financial (NYSE: SYF) opened its first day of trading at $23.00 a share, right on the initial public offering (IPO) price it set Wednesday for 125 million shares. At ...
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Synchrony IPO image

GE, Synchrony Financial Lower Sights for Thursday IPO

General Electric Co. (NYSE: GE) spinoff Synchrony Financial priced its initial public offering of 125 million shares at $23 at the bottom of the expected range of $23 to $26 ...
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