Banking & Finance - Page 2

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 »
XOM Kara Sea Well

Morgan Stanley’s Asset Sale to Russian Oil Company in Jeopardy

Last December, Morgan Stanley (NYSE: MS) said that it had reached an agreement with Russia’s state-controlled oil company OAO Rosneft to sell the Russian company parts of the bank’s global ...
Read Full Story »
buy sell

High Frequency Trading Firms Talk Relevance and Need

Many investors have grown to hate the world of high frequency trading firms. Other investors accept them, and some even praise them. A group called the Modern Markets Initiative, or ...
Read Full Story »
bank

Big Banks a Crowded Trade: Baird Says Only 5 to Buy

When everybody seems to be in the same stocks on Wall Street, that is referred to as a “crowded” trade. With the emphasis on crowded, the big money center banks ...
Read Full Story »
Stock Split Image

Citigroup Files for IPO of OneMain Financial

OneMain Financial Holdings Inc. filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given for this offering, but ...
Read Full Story »
mastercard logo

Credit Suisse Specialty Finance Stocks to Buy With Strong Upside Potential

As the economy slowly improves, the one thing that American citizens and businesses have done much better than their counterparts around the world is lower levels of debt. When debt ...
Read Full Story »
123688993

J.P. Morgan Not the Only Bank Hacked

As if the hacking attack on JPMorgan Chase & Co. (NYSE: JPM) was not bad enough, the attackers apparently were able to strike at up to nine other financial institutions. ...
Read Full Story »
Bank of America

BofA Promotes CEO Moynihan to Chairman as Well

Bank of America Corp. (NYSE: BAC) has made some serious corporate governance news that could change how the bank's oversight is handled in the years ahead. The company announced on ...
Read Full Story »
fannie-mae

Freddie Mac and Fannie Mae Face Reality Check After Court Ruling

Freddie Mac (FMCC) and Fannie Mae (FNMA) are being sued for breach of contract for allegedly not paying promised dividends and liquidation preferences to investors. These claims were ultimately dismissed, ...
Read Full Story »