Banking & Finance - Page 2

bank vault

Oppenheimer Says Buy the Big 3 Banks Instead Of Fully Valued Regionals

Wall Street often operates inside what seems to be a vacuum, and once an idea becomes hot, everybody seems to want to follow it. One big trade that became hot ...
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cannabis

Colorado Collects $6.5 Million In Taxes On Marijuana Sales

Colorado collected $6.5 million in taxes and fees from marijuana in July, according to the Colorado Department of Revenue. The sum may not approach that of the fees many states collect for ...
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difidends

Why Investors Cheered Annaly Earnings, Plus Key Analyst Upgrade

Annaly Capital Management Inc. (NYSE: NLY) is perhaps the king or gold standard of mortgage-backed securities real estate investment trusts (M-REITs). So when it reports earnings, that can ripple through ...
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Bank of America sign

BofA Dividend Hike May Just Be the First Step in Capital Returns

Bank of America Corp. (NYSE: BAC) has delivered good news to its common shareholders. The Federal Reserve has removed the block on its capital plan after it was resubmitted. In ...
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nuAIGlogo

AIG Keeps Chugging on Earnings and Share Buybacks

American International Group Inc. (NYSE: AIG) led the week off and reported its second quarter earnings on Monday. The insurance giant has recovered since the recession, it has paid taxpayers ...
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bank vault

Top Analyst Large and Mid-Cap Bank Stock Picks After Earnings Season

Second-quarter earnings season is behind us when it comes to most of the big banks and financial institutions. Sterne Agee's bank research team published a list of its top stock ...
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initial public offering

Why GE Stock Price Is Lower After Synchrony IPO

When General Electric Co. (NYSE: GE) first announced the spin-off of its North American credit card business, most observers were looking for the conglomerate to add about $3.2 billion to ...
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Synchrony IPO image

Synchrony IPO Fails to Deliver the Hoped-For Value for GE

Synchrony Financial (NYSE: SYF) opened its first day of trading at $23.00 a share, right on the initial public offering (IPO) price it set Wednesday for 125 million shares. At ...
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Synchrony IPO image

GE, Synchrony Financial Lower Sights for Thursday IPO

General Electric Co. (NYSE: GE) spinoff Synchrony Financial priced its initial public offering of 125 million shares at $23 at the bottom of the expected range of $23 to $26 ...
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Fine Print

Is a $1.3 Billion Fine for BofA Getting Off Cheap?

A sum of nearly $1.3 billion in a government fine would put most businesses out of business. However, if your corporate name is Bank of America Corp. (NYSE: BAC) or ...
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credit cards

Nomura Sees Credit Card Growth Opportunities Remaining Ahead

Nomura is out with a report that bodes marginally well for banks issuing credit cards and private credit card issuance. Nomura's Bill Carcache is signaling that more issuers are now ...
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American Express Logo

American Express Earnings Rise on Higher Consumer Spending

American Express Co. (NYSE: AXP) today reported second quarter results after markets closed Tuesday night. The financial services company reported diluted earnings per share (EPS) of $1.43 on revenues net ...
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bank vault

Oppenheimer’s Top Bank Stocks to Buy for the Rest of 2014

If any Wall Street sector has had headline risk for the past year, and some would say five years, it is the banking sector. Despite a horrible public relations nightmare ...
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Crumbling Greek flag with euro

Can National Bank of Greece and Bank of Ireland Recover?

The woes of Europe are supposed to be abating, at least somewhat. That is certainly supposed to be the case in the lands of the PIIGS -- Portugal, Ireland, Italy, ...
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CIT’s $3.4 Billion Buyout Makes It Systemically Important to Regulators

CIT Group Inc. (NYSE: CIT) may have delivered on beating its earnings expectations, but this is just a tiny fraction of the story here. CIT's acquisition of the parent company of ...
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