Banking & Finance - Page 2

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New Regulatory Communications Slap Citi Earnings and Ratios Lower

Citigroup Inc. (NYSE: C) has just used the children's game excuse of "Do Over!" for the third-quarter earnings. Citi announced after the close that it is lowering its previously reported ...
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A Rising Interest Rate Scenario That Might Be Good for Banks

A rising interest rate environment is supposed to bad for banks. It turns out that not all rising rate environments are created equal, and rising rates of the past may ...
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Did Ocwen Set Enough Cash Aside for Potential NY Settlement?

Ocwen Financial Corp. (NYSE: OCN) has run into trouble, and all the most recent news about backdated letter allegations by New York regulators came up after the end of its ...
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Visa and MasterCard Earnings Tell a Tale of a Better Consumer

Earnings season has been in full swing, and now investors have gotten their chance to see both of the largest credit card processing systems. The earnings reports were solid for ...
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Wall Street

Sidoti Files for IPO: Wall Street Boutique Firm

Sidoti & Company Inc. has filed its S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms given for the offering, but ...
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Credit cards

Visa Dividend Hike Maybe as Good as It Can Get

Visa Inc. (NYSE: V) is one of the key dividend upgrades that had been predicted by 24/7 Wall St. before the end of 2014. The credit card processing giant lived ...
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Could Backdating Foreclosure Letters Kill Ocwen? (Updated)

Ocwen Financial Corp. (NYSE: OCN) could be facing a massive legal and PR nightmare. If you do not believe there are now serious risks to the company, ask yourself what ...
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How the Major Banks Fared This Earnings Season

24/7 Wall St. has been tracking the major banks over the course of this week to kick off corporate earnings season. We have taken a few key statistics from each ...
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Morgan Stanley Earnings Jump on Trading Gains

Morgan Stanley (NYSE: MS) reported third-quarter 2014 results before markets opened Friday. The big bank reported diluted earnings per share (EPS) of $0.84 on revenue of $8.9 billion. In the ...
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Capital One Earnings Stifled by Loan Loss Provision

Capital One Financial Corp. (NYSE: COF) reported its third-quarter earnings as $1.86 per share on $5.6 billion in revenue, against Thomson Reuters consensus estimates of $1.94 in earnings per share ...
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Wells Fargo and Citi Land Key Analyst Upgrades Despite Market Carnage

After this week's key earnings reports, and despite a major market sell-off, Citigroup Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) have both received key analyst upgrades by Argus ...
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Goldman Sachs

Goldman Sachs Blows Out Earnings and Raises Dividend

Goldman Sachs Group Inc. (NYSE: GS) reported its third-quarter earnings before the market opened Thursday and the number was handily above estimates. Goldman Sachs reported $4.57 in earnings per share ...
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American Express Earnings Beat May Not Be Enough

After the market closed Wednesday, American Express Co. (NYSE: AXP) reported its third-quarter earnings as $1.40 per share on $8.33 billion in revenue. Thomson Reuters consensus estimates called for $1.36 ...
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Did Fed Rate Hikes Just Get Delayed?

Maybe you want to blame a drastically slowing Europe and China. Maybe you want to blame ISIL or ISIS. Maybe you want to blame slowing economic data in the United ...
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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 ...
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