Banking & Finance - Page 2

Will Alibaba Prevail in Bidding War for MoneyGram?

Alibaba Group Holding Ltd. (NYSE: BABA) wants to enter the U.S. market for financial services. To that end, the company's Ant Financial Services unit agreed in January to pay $880 ...
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Citi Beating Earnings, Still at Deep Discount to Book Value

Citigroup Inc. (NYSE: C) reported first-quarter 2017 results before markets opened Thursday. The global bank posted diluted quarterly earnings per share (EPS) of $1.35 on revenue of $18.1 billion. In ...
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JPMorgan Rises Slightly Despite Huge Earnings Beat

JPMorgan Chase & Co. (NYSE: JPM) reported its first-quarter financial results before the markets opened on Thursday. The company posted $1.65 in earnings per share (EPS) and $25.59 billion in ...
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Wells Fargo Sags as Expense Growth Tops Profit Growth

Wells Fargo & Co. (NYSE: WFC) reported fiscal 2017 first-quarter results before markets opened Thursday. The banking giant posted diluted earnings per share (EPS) of $1.00 on revenue of $22 ...
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Trump Softens on US Ex-Im Bank; Boeing, GE Smiling

In another reversal from his campaign rhetoric, President Donald Trump said in an interview Wednesday with The Wall Street Journal that he now supports the U.S. Export-Import Bank, calling it ...
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What to Expect From Major Banks Reporting Thursday

Right now bank fundamentals are stuck in a tight spot, but this might not be for long after a few major banks report earnings on Thursday morning. With an updated ...
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Top 3 Bank Earnings Coming This Week

24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are just entering into earnings season in which most ...
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JPMorgan Has 5 Large Cap Banks to Buy Right Now

If any sector exploded out of the election, it was the banks, and especially the large cap leaders. Recently, those same stocks have backed off as investors took profits, and ...
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Deutsche Bank Has Big First-Quarter Expectations for Buy-Rated Financial Stocks

For the first time in years, it’s starting to look like the economy is getting some real traction, and real growth may be just down the road. With consumer and ...
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Elevate Credit Prices IPO

Elevate Credit has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company has decided to price its 12.4 ...
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When Citi Downgraded Bank of America, Did It Downgrade Itself Too?

When major bank analysts at one bank downgrade the stock (or stocks) of competitors, it has long been considered by some investors that perhaps that analyst is indirectly downgrading its ...
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Cadence Bancorp Announces Potential Pricing for IPO

Cadence Bancorpation has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company intends to price its 7.5 million ...
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Jefferies Even More Bullish on Top Banks

Currently, bank fundamentals are stuck in a tight spot, considering the still-slow economy and policy uncertainty weighing on loan growth, as well as higher rates impacting mortgage origination volumes. However ...
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Why Analysts Are Staying Positive on Financials Despite the Pullback

The Trump rally has lifted stocks across the board, but it seems that the ride is stalling out now, or at least settling down. Financial stocks have perhaps seen the biggest ...
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The Big Dividend-Paying Banks Have Been Mauled: 4 to Buy Now

There’s an old saying on Wall Street and it still rings true today: “Stocks go up like an escalator, and down like an elevator.” Boy has that ever been the ...
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