Banking & Finance

foreclosure notice

Could Backdating Foreclosure Letters Kill Ocwen? (Updated)

Ocwen Financial Corp. (NYSE: OCN) could be facing a massive legal and PR nightmare. If you do not believe there are now serious risks to the company, ask yourself what ...
Read Full Story »
bank

How the Major Banks Fared This Earnings Season

24/7 Wall St. has been tracking the major banks over the course of this week to kick off corporate earnings season. We have taken a few key statistics from each ...
Read Full Story »
Morgan Stanley logo

Morgan Stanley Earnings Jump on Trading Gains

Morgan Stanley (NYSE: MS) reported third-quarter 2014 results before markets opened Friday. The big bank reported diluted earnings per share (EPS) of $0.84 on revenue of $8.9 billion. In the ...
Read Full Story »
credit cards

Capital One Earnings Stifled by Loan Loss Provision

Capital One Financial Corp. (NYSE: COF) reported its third-quarter earnings as $1.86 per share on $5.6 billion in revenue, against Thomson Reuters consensus estimates of $1.94 in earnings per share ...
Read Full Story »
ATM machine

Wells Fargo and Citi Land Key Analyst Upgrades Despite Market Carnage

After this week's key earnings reports, and despite a major market sell-off, Citigroup Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) have both received key analyst upgrades by Argus ...
Read Full Story »
Goldman Sachs

Goldman Sachs Blows Out Earnings and Raises Dividend

Goldman Sachs Group Inc. (NYSE: GS) reported its third-quarter earnings before the market opened Thursday and the number was handily above estimates. Goldman Sachs reported $4.57 in earnings per share ...
Read Full Story »
American Express Logo

American Express Earnings Beat May Not Be Enough

After the market closed Wednesday, American Express Co. (NYSE: AXP) reported its third-quarter earnings as $1.40 per share on $8.33 billion in revenue. Thomson Reuters consensus estimates called for $1.36 ...
Read Full Story »
144366870

Did Fed Rate Hikes Just Get Delayed?

Maybe you want to blame a drastically slowing Europe and China. Maybe you want to blame ISIL or ISIS. Maybe you want to blame slowing economic data in the United ...
Read Full Story »
Bank of America

BofA Earnings Stunner: Overcomes Massive DOJ Settlement

Bank of America Corp. (NYSE: BAC) has reported its third-quarter earnings, and the bank made money on a net basis, despite huge charges. Earnings were low, with net income of ...
Read Full Story »
Bank of America sign

What to Expect From Bank of America Earnings

Bank of America Corp. (NYSE: BAC) is set to report its earnings Wednesday before the markets open. Other major banks reported earnings Tuesday morning, including J.P. Morgan, Citigroup and Wells ...
Read Full Story »
JPM logo

J.P. Morgan Earnings Came With a Few Caveats

When JPMorgan Chase & Co. (NYSE: JPM) reported third-quarter results before markets opened Tuesday, it posted diluted earnings per share (EPS) of $1.36 on revenue of $24.25 billion. EPS came ...
Read Full Story »
Citi_logo_black

Solid Citigroup Earnings, With Discount to Book Value

Citigroup Inc. (NYSE: C) is trying to stage a continued recovery as its earnings and revenues both grew in the third quarter. The net income was $3.44 billion, versus $3.23 ...
Read Full Story »
Wells_Fargo_logo

Wells Fargo Earnings Meet Expectations

Wells Fargo & Co. (NYSE: WFC) reported its results before the markets opened on Tuesday. The bank's earnings came in at $1.02 per share on $21.2 billion in revenue, compared ...
Read Full Story »
JPMorgan_logo

Sharp Drop in Legal Expenses Lifts J.P. Morgan Earnings

JPMorgan Chase & Co. (NYSE: JPM) reported third-quarter results before markets opened Tuesday. The investment bank and financial services giant reported diluted earnings per share (EPS) of $1.36 on revenue ...
Read Full Story »
bank vault

What to Expect From Earnings at Citigroup, J.P. Morgan, Wells Fargo

Earnings season has arrived, and it has coincided so far with a serious wave of market volatility that is currently biased toward profit taking and selling. That being said, investors ...
Read Full Story »