Banking & Finance - Page 2

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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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, ...
Read Full Story »
470487925

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 ...
Read Full Story »
Synchrony IPO image

GE Lays Out Plan for Synchrony IPO

When General Electric Co. (NYSE: GE) reported second-quarter earnings Friday morning, the company said that it hoped to get the spin-off of its North American consumer-finance business completed in an ...
Read Full Story »
Credit cards

Merrill Lynch Very Bullish on Credit Card Stocks as Growth Surges

One thing that often gives economists more confidence in growth in the economy is higher credit card use by consumers. After the great recession of 2009, consumers went into hibernation ...
Read Full Story »
Bank of America

Bank of America Earnings Still Battered by Legal Costs

Bank of America Corp. (NYSE: BAC) shared its second-quarter results before markets opened Wednesday. The most heavily traded of the big bank stocks reported diluted earnings per share (EPS) of ...
Read Full Story »
Bank of America

What to Expect at BofA, Morgan Stanley After Other Big Bank Earnings

Tuesday morning reports from both JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group Inc. (NYSE: GS) continued the string of positive earnings reports from Wall Street's biggest banks. ...
Read Full Story »
Goldman Sachs

Goldman Sachs Earnings Leap on Improved Lending, Underwriting

Goldman Sachs Group Inc. (NYSE: GS) reported second-quarter results before markets opened Tuesday. The investment bank and financial services giant posted diluted earnings per share (EPS) of $4.10 on revenue ...
Read Full Story »
JPMorgan_logo

J.P. Morgan Earnings Look Good Because Expectations Were Low

JPMorgan Chase & Co. (NYSE: JPM) reported second-quarter results before markets opened Tuesday. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.46 on ...
Read Full Story »
bank

How Citi Earnings Will Impact Goldman Sachs, J.P. Morgan and BofA

After backing out the $3.8 billion in charges for settling its dispute with the U.S. Department of Justice, Citigroup Inc. (NYSE: C) reported better-than-expected second-quarter results Monday morning. The bank ...
Read Full Story »
down market

Markit Gets Cold Reception From Analysts After IPO

Markit Ltd. (NASDAQ: MRKT) saw a strong initial public offering (IPO). After pricing at $24, shares initially rose to about $26.50. Now the analyst quiet period has officially ended, and ...
Read Full Story »
Citigroup logo

Citigroup Settlement With Justice Department Slashes Earnings

Citigroup Inc. (NYSE: C) reported second-quarter results before markets opened Monday. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.24 on revenue of ...
Read Full Story »