Banking & Finance - Page 2

Bank of America

Bank of America Earnings Get Boost From Trading

Bank of America Corp. (NYSE: BAC) reported fiscal second-quarter results before markets opened Monday. The most heavily traded of the big bank stocks reported diluted earnings per share (EPS) of ...
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citilogo

Citigroup Earnings Hobbled by Asset Sales

Citigroup Inc. (NYSE: C) reported second-quarter fiscal 2016 results before markets opened Friday morning. The global bank reported diluted earnings per share (EPS) of $1.24 on revenue of $17.55 billion. ...
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Wells Fargo

Why Wells Fargo Earnings Are Actually a Solid Win

Wells Fargo & Co. (NYSE: WFC) released its second-quarter earnings report before the markets opened on Friday. These results benefited from Wells Fargo’s diversified business model, proving that the bank ...
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Vault Door

US Bancorp Posts Beat on Loan, Fee Growth

U.S. Bancorp (NYSE: USB) reported second-quarter fiscal 2016 results before markets opened Friday. The consumer and commercial banking company reported adjusted diluted earnings per share (EPS) of $0.83 on revenue ...
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Vault Door

What to Expect From Citigroup and Wells Fargo Earnings

JPMorgan Chase & Co. (NYSE: JPM) set the standard for the other major banks when it reported its second-quarter results early on Thursday. Known for its ironclad balance sheet, JPMorgan ...
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piggy bank

How the House of Morgan Won Earnings

JPMorgan Chase & Co. (NYSE: JPM) reported its second-quarter financial results before the markets opened on Thursday. Known as the bank with the ironclad balance sheet, JPMorgan impressed yet again ...
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bank building

Can Citigroup Book Value Outshine JPMorgan and Wells Fargo Earnings?

Earnings season has kicked off for the second quarter, and that means the major U.S. banks are among the first to the table to report. Concerns over the financial sector ...
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citilogo

SEC Settles Blue Sheet Charges With Citigroup

The U.S. Securities and Exchange Commission (SEC) recently announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer ...
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Happy Business workers copy

JPMorgan to Boost Pay for 18,000 Workers

Megabank JPMorgan Chase & Co. (NYSE: JPM) announced Tuesday morning that beginning next February the bank will begin to raise wages for about 18,000 hourly full- and part-time employees. Depending ...
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money

First Hawaiian Prepares for IPO

First Hawaiian has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the filing, but the offering ...
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Money close-up

If Investment Banks Know Financial Markets So Well, Why Are Their Stocks So Low?

It’s very easy to get lost in the cacophony of investment bank stock ratings and long-term trend calls on asset classes. When big banks like Goldman Sachs Group Inc. (NYSE: ...
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Old People Walking

Ventas Gears Up for Secondary Offering

Ventas Inc. (NYSE: VTR) announced the pricing of its secondary offering recently. The company values its 9 million share offering up to $649 million in terms of gross proceeds. There ...
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bank building

How the Top US Money Center Banks Are Responding to the Brexit

Watching the massive fallout and then recovery within broad markets, we are beginning to realize that the Brexit provided a very attractive entry point into a fair number of industries. Granted, ...
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Vault Door

6 Impressive Bank Dividend and Buyback Hikes After Fed-CCAR Results

It was just last week that investors learned that all of the major banks were shown to have passed their Federal Reserve stress tests. Now the capital return plans (CCAR) ...
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100 dollar bills

Apollo Global Makes Tender Offer for Diamond Resorts

Diamond Resorts International, Inc. (NYSE: DRII) is watching its shares make a handy gain in Wednesday’s session after it was announce that the company will be acquired by Apollo Global ...
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