Banking & Finance

credit cards

All Prepaid Cards Not Equal in Disclosing Fees

Many consumers choose reloadable, prepaid cards instead of bank checking accounts either because they prefer a card that behaves like a checking account or because they don't have bank accounts ...
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Analysts Stick by Wells Fargo After Investor Day

Wells Fargo & Co. (NYSE: WFC) has hosted its investor day, and analysts so far have made positive calls after the event. Some negative comments have been made after the lowering ...
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bigger fish

Ares Capital Moves to Acquire American Capital, Excluding Mortgage Management

Both Ares Capital Corp. (NASDAQ: ARCC) and American Capital Ltd. (NASDAQ: ACAS) announced that they have entered into a definitive merger agreement. According to the agreement, Ares Capital will acquire ...
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bank building

3 Banks Called to Outperform After Fed Stress Tests (CCAR)

It may be the time ahead of the summer doldrums, and you may have heard "Sell in May and go away," but investors and traders alike are looking for opportunities ...
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money roll

Midland Bancorp Lowers Expected IPO Pricing Range

Midland States Bancorp has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company shifted its expected pricing range of ...
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Toy house

United Guaranty Updates Info in Newest IPO Filing

United Guaranty has registered an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, but ...
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Wells-Fargo-Logo

Rates Could Be Going Higher in June: 4 Large Cap Banks to Buy Now

It sure doesn’t take much to turn the tide these days, especially when it comes to interest rates. As little as six weeks ago, Wall Street was handicapping basically a ...
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Hedge Funds Dump Apple Stock in Q1

When the going gets tough, the tough often leave town. In the first quarter of 2016, global hedge funds reduced their exposure to equities by 6.9%, more than four times the ...
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investing

Chase Ranked Last in Investor Satisfaction Study

Just as demand for full-service investment advisory firms has been growing, so to has demand for self-directed advisors. More interesting, perhaps, is the fact that the advisory firms are developing ...
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Risk

7 Stocks Rallying From Hopes of Higher Interest Rates

Being in the financial services industry has been no simple game during the years of quantitative easing and of zero interest rates. With the odds if an interest rate hike ...
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SEC

Lending Club Sinks on Government Investigation

Lending Club Corp. (NYSE: LC) has been watching its shares take the long way down following the resignation of its CEO and founder, Renaud Laplanche. However, that was only the ...
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piggy bank

Midland Bancorp Sets Expected Price Range for IPO

Midland States Bancorp has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 3.865 ...
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hospital

Was HCP Already Overvalued Into Spin-Off News?

HCP Inc. (NYSE: HCP) has seen a positive news reaction from investors on word that the company will spin off its HCR ManorCare portfolio of skilled nursing and assisted living ...
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Online lending

Lending Club Fires CEO, Reports Mixed Q1 Highlights

Peer-to-peer loan provider LendingClub Corp. (NYSE: LC) announced Monday that CEO Renaud Laplanche has resigned, following an internal review of a sale of $22 million in near-prime loans to a ...
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Cigna Slumps Despite Q1 Earnings Beat

Cigna Corp. (NYSE: CI) reported its first-quarter financial results before the markets opened on Friday. The company posted $2.32 in earnings per share (EPS) on $9.92 billion in revenue. That compared ...
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