Banking & Finance - Page 2

US Federal Reserve

Another View of the Fed Minutes

The minutes from the July 28 to July 29 Federal Open Market Committee’s meeting hit the market early on Wednesday, ahead of the traditional embargo. Despite the minutes appearing prematurely, ...
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bank

BB&T Pays Up to Keep Expanding With Acquisitions

BB&T Corp. (NYSE: BBT) apparently wants to grow and grow, and the bank holding company is willing to acquire to do it. Just two weeks after closing the acquisition of ...
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Power Plant

Energy, Mining Companies Lead Debt Default Rates Higher

The impact of low commodity prices has taken a steep toll on energy producers, particularly in the oil and coal businesses. According to Fitch Ratings, the energy industry’s default rate ...
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initial public offering

Houlihan Lokey Debuts in IPO

Houlihan Lokey Inc. (NYSE: HLI) entered the market Thursday morning. The company announced the pricing for its initial public offering on Wednesday evening as $21 per share for 10.5 million shares. ...
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upgrade

What Key Analyst Has to Say About Capital One

Argus raised its rating on Capital One Financial Corp. (NYSE: COP) to Buy from Hold and set a target price of $92, implying 16% appreciation potential in the year ahead, ...
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Bank of America sign

Oppenheimer Lifts Financials to Overweight: 4 Large Cap Leaders to Buy

We have warned of a downturn in the markets for most of the summer, and with the Chinese currency devaluation catching most by surprise, a good-sized sell-off could still be ...
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initial public offering

Conifer Holdings Readies IPO

Conifer Holdings has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The expected price range for the offering is ...
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Goldman Sachs

Goldman Sachs Sees Mixed View on Private Equity and Alternative Managers

It is always interesting to see what happens when financial giants issue coverage on other aspects of the financial sector where they have overlapping operations. Goldman Sachs started coverage on ...
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American Express Logo

Why AmEx Activist Role Looks Limited, Likely Unsuccessful

American Express Co. (NYSE: AXP) may be a value trap, or in this case a ValueAct trap. After a 6% share price gain on Friday, on a down day in ...
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bank

How Citizens Financial Group Looks So Cheap Against Banking Peers

Citizens Financial Group Inc. (NYSE: CFG) has just received a major endorsement for its investor story. Bank of America Merrill Lynch started the Rhode Island-based bank with a Buy rating, ...
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Why PHH Shares May Finally Be a Bargain at Deep Discount to Book Value

PHH Corp. (NYSE: PHH) was among the stocks that got gutted in the past week. Now PHH shares are being deemed as a bargain in one analyst call. Keefe Bruyette ...
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bank vault

Barclays Sees Higher Upside and Solid Value in Major Banks

There may be more upside ahead in the big banks. This week brought a research report from Barclays showing that the big banks are more attractive now than they were in ...
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nuAIGlogo

Is AIG Safe to Own After Earnings, With Buybacks and Analysts Hiking Views?

It has been over six years since the bottom was put in during the financial crisis. Many investors and members of the public may have turned their backs on the ...
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Car Wreck

Are Allstate Earnings Enough?

Allstate Corp. (NYSE: ALL) reported its second-quarter financial results after the markets closed Monday. The company had $0.79 in earnings per share (EPS) on $8.98 billion in revenue. That compared ...
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nuAIGlogo

AIG Q2 Net Income Tumbled by More Than a Third

American International Group Inc. (NYSE: AIG) reported second-quarter 2015 earnings after markets closed on Monday. The multinational insurer posted diluted earnings per share (EPS) of $1.32. In the same period ...
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