Banking & Finance - Page 2

Federal Reserve

FOMC Minutes Signal October End to Asset Purchases

The Federal Reserve released the minutes of the June meeting of its Federal Open Market Committee (FOMC) on Wednesday afternoon. The minutes indicate that the FOMC plans to end its ...
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bank vault

Can Wells Fargo Deliver The Goods On Its Earnings?

Wells Fargo & Co. (NYSE: WFC) may be the favorite bank stock and largest holding of Warren Buffett, but the banking giant is going to kick off earnings season for the ...
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Baird’s Four Mega-Cap Bank Stocks to Buy for the Rest of 2014

While the stock market has plowed to new highs, investors have still cast a very wary eye toward financials, especially the mega-cap banks. Who can blame them, with countless billion-dollar ...
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Jamie Dimon Cancer News Creates More Uncertainty at J.P. Morgan

Following Tuesday evening's announcement that JPMorgan Chase & Co. (NYSE: JPM) Chairman and CEO Jamie Dimon has throat cancer, investors will be closely monitoring his treatment and are likely to ...
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Crumbling Greek flag with euro

Greek Banking Sector Recovery Warning From S&P

Only just recently have analysts and credit ratings agencies warmed up to National Bank of Greece S.A. (NYSE: NBG) and other banks in Greece. Now comes a reminder just how ...
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Money, US, $100 bills

Hedge Funds Now Hold Over $3 Trillion in Assets

The data group named eVestment has a report of inflows of capital for the hedge fund industry which was published on Wednesday. After another $22 billion in new capital was ...
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Citi Gets Its Turn for Multi-Billion Dollar Mortgage Fines

Citigroup Inc. (NYSE: C) is finding out that it also gets a turn in the mortgage settlement barrel. Shares have dropped on Friday on news that the U.S. Department of ...
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Ten-Year Treasury Auction Shows Big Bias Reversal From Two Weeks Ago

It has only been about 10 days since we pondered whether the bond rally was signaling the risk of a recession or something else negative in a flight to safety ...
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AIG Names New CEO

American International Group Inc. (NYSE: AIG) announced after markets closed on Tuesday that Peter D. Hancock who is currently an executive vice president and CEO of AIG Property Casualty will ...
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World currency

Russia and India Issuers Have Most Downgrade Risks in Emerging Markets

Standard & Poor's has issued a somewhat cautious note on Tuesday covering emerging markets. While many of these international markets have downgrade risks, S&P noted that Russia faces the largest ...
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Credit cards

Why Capital One Now Has Become the Best Credit Card Stock

Shares of Capital One Financial Corp. (NYSE: COF) rose on Monday after an analyst research report highlighted that the company may be the best positioned credit card issuer for its ...
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Weak Trading and Lower Investment Banking Revenues May Hurt These Banks

The good old days for bulge bracket banks on Wall Street are in the rear-view mirror, especially when it comes to trading revenues and proprietary desk trading. Add in a ...
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Active investor

Icahn Takes Stake in Family Dollar

Activist investor Carl Icahn filed documents with the Security and Exchange Commission (SEC) late Friday announcing that he had acquired a 9.4% stake in Family Dollar Stores Inc. (NYSE: FDO) ...
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investor research

SEC Seeks Regulations for High-Frequency Trading and Order Routing

Saying that she has begun moving forward on enhancing the U.S. equity market structure, Securities and Exchange Commission (SEC) Chair Mary Jo White told a New York audience on Thursday ...
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Wells Fargo’s Hidden $30 Billion Profit

Wells Fargo & Co. (NYSE: WFC) has many things going for it. First is that its premium to book value is an indication that it has the least amount reshuffling ...
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