Banking & Finance - Page 2

global economy

The World Is $199 Trillion in Debt, and Growing

The world’s economies may have improved since the financial crisis, but now more than ever, the world is drowning in higher and higher debt. A new report from the McKinsey ...
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Are State Tax Filings Safe Again as Intuit Resumes Filing?

Intuit Inc. (NASDAQ: INTU) announced that it has resumed e-filing of state income tax returns via TurboTax as of last Friday. The company stated that it would continue to work ...
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bank vault

Merrill Lynch’s 4 Large Cap Banks to Buy With Big Upside Potential

During the fourth-quarter earnings reporting period, one group of stocks that was marched out to the woodshed for a spanking was the large cap banks. Trading misses, low returns on ...
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Traders

What CME Will Save, and What Risks It Takes, Closing Trading Floors

Floor trading for the financial exchanges has been a dying business for some time. Whether this was the CME, the CBOT, the NYSE or others, the reality is that the ...
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greek flag

Are Greek Banks Finally Safe?

Making bets on the outcome of Greece is becoming a game that changes from day to day. Still, the rally seen this week in Greece's major banking stocks has been ...
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Credit card chip

Why MasterCard and Visa Are Both Earnings Winners

Before markets opened Friday morning, MasterCard Inc. (NYSE: MA) reported its fourth-quarter results as $0.69 in earnings per share (EPS) and $2.42 billion in revenue. That was against Thomson Reuters ...
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Visa May Normalize the DJIA With Split on Earnings

Visa Inc. (NYSE: V) has delivered in more ways than one on earnings. The credit card processing giant reported earnings above estimates, but more importantly it has announced a four-for-one ...
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Ocwen Takes Steps to Defend Itself

Ocwen Financial Corp. (NYSE: OCN) Monday morning had a strong response to law firm Gibbs & Bruns, regarding residential mortgage-backed securities investors the firm represents. The company released an open letter ...
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Synchrony Earnings Send Stock to New High

Synchrony Financial (NYSE: SYF) reported fourth-quarter and full-year 2014 results before markets opened Friday. The white-label credit card issuer reported diluted quarterly earnings per share (EPS) of $0.64 on net ...
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piggy bank

What to Expect From Synchrony Earnings

Synchrony Financial (NYSE: SYF) will report its fourth-quarter results Friday before the market open. Thomson Reuters has consensus estimates of $0.60 in earnings per share and $2.83 billion in revenue. ...
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Are American Express Earnings Enough?

After the market closed Wednesday, American Express Co. (NYSE: AXP) reported its fourth-quarter earnings as $1.39 per share on $9.1 billion in revenue against Thomson Reuters consensus estimates of $1.38 ...
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bank

After Earnings, Which Big Bank Stock Is Cheapest?

Now that all four of the largest U.S. banks have reported fourth-quarter and full-year earnings, it seems like a good time to take a look at the results and try ...
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Morgan Stanley Earnings Hit by Lower Trading Revenues

Morgan Stanley (NYSE: MS) reported fourth-quarter and full-year 2014 results before markets opened Tuesday. For the quarter, the big bank reported adjusted diluted earnings per share (EPS) of $0.47 on ...
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World currency

Leucadia Rescues FXCM — for a Price

Leucadia National Corp. (NYSE: LUK) has bailed out battered foreign exchange broker FXCM Inc. (NYSE: FXCM) with a $300 million cash investment in exchange for $250 million two-year secured notes ...
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Swiss Franc Bills

Interactive Brokers Outlines Exposure to Swiss Franc Losses

The movement in the Swiss franc caused much carnage in European markets on Thursday, as well as the many international brokers and lenders that were affected, depending on their level ...
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