Banking & Finance - Page 2

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What to Expect From Wells Fargo Earnings

Wells Fargo & Co. (NYSE: WFC) is scheduled to report first-quarter results on Tuesday before the market opens. Thomson Reuters has consensus estimates of $0.98 in earnings per share (EPS) ...
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Top Banking and Finance Earnings Previews for the Week Ahead

24/7 Wall St. has put together a preview of some of the larger companies in the financial sector that are due to report their quarterly results in the week ahead. ...
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Secondary Offerings Outnumber IPOs by 9 to 1 in 2015 Q1

In the first three months of 2015, there were a total of 34 initial public offerings (IPOs) on U.S. equity markets. In the same period, about 270 companies held secondary ...
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Merrill Lynch Sees 3 Financials Beating Earnings Handily

Earnings season is under way, and 24/7 Wall St. is looking for companies that will beat or miss earnings. Currently we are zeroing in on the financial sector and have ...
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Citigroup Ranked Last in Investor Satisfaction Study

The proliferation of self-directed investment choices has not eliminated the need for full-service investment advisory firms, particularly among older (and presumably wealthier) Americans. But the industry may not be making ...
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Why Many Banks Need Fed Interest Rate Hikes Sooner Rather Than Later

Low interest rates, or perhaps zero interest rates, may be good for consumers. They are not too great for savers, and if Goldman Sachs is correct, it is getting to ...
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SEC Intercepts Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) announced Tuesday that fraud charges were filed against a former National Football League (NFL) player. He is alleged as having operated a Ponzi ...
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Ahead of Earnings, Which Bank Stock Is Cheapest?

The “official” beginning of the new earnings season kicks off after markets close on Wednesday when Alcoa tells its story for the first quarter of 2015. The following week we ...
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Will Banks Finally Walk Away From the Hudson City and M&T Merger?

Hudson City Bancorp Inc. (NASDAQ: HCBK) announced that yet again its merger plans with M&T Bank Corp. (NYSE: MTB) have been delayed. The Federal Reserve Board advised M&T last Friday that ...
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Virtu IPO: HFTs Still Get to Print Money

Virtu Financial Inc. announced the pricing for its initial public offering (IPO) in a regulatory filing Monday morning. There will be roughly 16.5 million shares available in the offering, with ...
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NBG Among Top Greek Bank Credit Downgrades

Greece's credit ratings woes are not yet over. It turns out that Fitch Ratings has downgraded the key Greek banks, following its downgrade of Greece's sovereign rating on March 27, ...
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UBS Says Top Global Banks to Buy Now All in the US

Despite a flood of money heading to Europe, and many analysts becoming more bullish on the emerging markets, the reality is, much of the big money in the eurozone may ...
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Fed Funds Rate Hike: Timing and Severity Are Greatly Overblown

If the financial markets were able to write a history book ahead of time, the theme for 2015 would likely be "the year that Janet Yellen and the Federal Reserve ...
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Why Analyst Sees CIT Undervalued by Over 30%

Following the financial crisis just a few years back, banks have had to adjust to changing times, often with more regulation brought on. Even looking forward now, we can only ...
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Why Banks Are Now the Only Cheap Stocks to Buy

In the six years since S&P 500 hit an ominous intraday low of 666.79, virtually every major sector has rallied, and some have gotten way ahead of themselves in terms ...
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