Banking & Finance - Page 2

burning cash

How American Express Is the Worst DJIA Stock of 2016, by Far

It seems like the old advertising line "Don't leave home without it!" has turned into "Just don't leave home." American Express Co. (NYSE: AXP) now has the dishonorable title of ...
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Dow

American Express Down 21%, Worst of Dow Stocks

The Dow Jones Industrial Average is off 7.64% this year to 16,093.51, after a mad rally pushed it up from a much deeper hole. The leading loser among the index's ...
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Wallet full of money

How Rising Interest Rates Affect American Consumers

More than 40% of Americans surveyed are concerned that rising interest rates will affect their personal financial situation, and 40% believe there will be an impact on the U.S. economy. ...
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coins

Synchrony Posts Solid Earnings Beat

Synchrony Financial (NYSE: SYF) reported its fourth-quarter financial results before the markets opened on Friday. The company had $0.65 in earnings per share (EPS) on $3.21 billion in revenue for the ...
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American Express logo

How Near-Term Concerns Weighed Down Positive Earnings From American Express

American Express (NYSE: AXP) released its fourth quarter earnings report Thursday after the markets closed. The company had $1.23 in earnings per share (EPS) on $8.39 billion in revenue versus ...
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American Express logo

What to Expect From American Express Earnings

American Express Co. (NYSE: AXP) is scheduled to report its fiscal second-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters call for $1.13 in ...
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IPO

Elevate Credit Postpones IPO

In a surprise turn of events, Elevate Credit has decided to postpone its initial public offering (IPO). Originally, the IPO was scheduled to take place on Thursday, January 21, but ...
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gavel and cash money

Ocwen Settles With SEC for Misstated Financial Results

The U.S. Securities and Exchange Commission (SEC) announced that Ocwen Financial Corp. (NYSE: OCN) agreed to settle charges that it misstated financial results by using a flawed, undisclosed methodology to ...
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ECB

Draghi and ECB to the Rescue, With More Hints of Easing Ahead

The stock market has been hostage to many international pressures in 2016, seeing some $2.2 trillion or so wiped out in just over the first two weeks of this year. ...
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Battered Dollar Bill

Goldman Sachs Slumps on Weak Earnings Performance

Goldman Sachs Group Inc. (NYSE: GS) reported its fourth-quarter financial results before the markets opened on Wednesday. The company had $1.27 in earnings per share (EPS) on $7.27 billion in ...
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crystal ball

What to Look for in Goldman Sachs Earnings

Goldman Sachs Group Inc. (NYSE: GS) is scheduled to report its fourth-quarter financial results before the markets open on Wednesday. The consensus estimates from Thomson Reuters calls for earnings per ...
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AIG logo

AIG-Icahn Activist Fight Persists

American International Group Inc. (NYSE: AIG) has received another letter from activist investor Carl Icahn. His demand is for AIG to bust itself up into smaller, more focused units to ...
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Credit cards

Americans Are Ashamed to Admit Credit Card Debt

There is, apparently, a stigma attached to carrying credit card debt. More than a third of Americans say they would be embarrassed to let others know that they are not ...
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Money

Morgan Stanley Jumps on Solid Earnings Beat

Morgan Stanley (NYSE: MS) reported its fourth-quarter financial results before the markets opened on Tuesday. The company had $0.43 in earnings per share (EPS) on $7.7 billion in revenue, which ...
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Bank of America

Bank of America Earnings Overcome Energy Sector Woes

Bank of America Corp. (NYSE: BAC) reported fourth-quarter and full-year 2015 results before markets opened Tuesday. The big bank posted diluted earnings per share (EPS) for the quarter of $0.28 ...
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