Credit Card Rates Hit 25-Year High
Americans have paid very high interest rates on credit cards for decades, and they set a 25-year record in May.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
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AIG Is Finally Firing on All Cylinders
Mega-insurer AIG reported top and bottom line results that were better than expected on Wednesday evening. Shares got a nice boost in Thursday trading.
Mastercard Makes Fourth 2019 Fintech Acquisition
Credit-card issuer Mastercard on Tuesday announced a $3.2 billion acquisition of most of Danish firm Nets' corporate services business.
Do GreenSky Earnings Reflect Trouble in Fintech Land?
GreenSky stock plunged after it reported disappointing quarterly results Tuesday morning.
How Banks Are Replacing Treasuries, Utilities and CDs for Income Investors
The test of time has proven that big and healthy banks have been able to overcome many of the challenges thrown at them over time. 24/7 Wall St. has laid out the case for…
Why Warren Buffett Doubled Down on BofA Even More Over Wells Fargo
Warren Buffett is buying even more Bank of America shares even after a big rally, and the purchases appear to be at the expense of Wells Fargo (and maybe even JPMorgan Chase).
Why KBW Sees BofA, Citi and Goldman Sachs Winning From Fed Rate Cuts
According to Keefe, Bruyette & Woods, three top banks will do well and should expect more good than harm from lower fed funds rates.
Why Solid Earnings Aren’t Impressing Visa Shareholders
Visa reported third-quarter results that beat expectations on both the top and bottom lines. Investors may have been expecting more, along with a more upbeat forecast.
Why Travelers Growth in Q2 Still Disappoints
Travelers opened lower after it released mixed second-quarter financial results before the markets opened on Tuesday.
Equifax Strikes a $671 Million Deal Over 2017 Data Breach
Credit-reporting bureau Equifax has settled a host of investigations by federal and state authorities for $671 million, the largest settlement ever related to a breach of consumer data.
Does Amex Deserve More Credit for Q2 Earnings?
American Express released its second-quarter financial results before the markets opened on Friday, and shares retreated in early trading.
What to Expect When American Express Reports on Friday
American Express is scheduled to release its second-quarter financial results before the markets open on Friday.
Morgan Stanley Whiffs on Q2 Despite Bottom-Line Beat
Morgan Stanley released mixed second-quarter financial results before the markets opened on Thursday that the CEO called "solid quarterly results."
What to Expect When Morgan Stanley Reports Thursday Morning
Morgan Stanley is scheduled to release its second-quarter financial results before the markets on Thursday.
Bank of America’s Q2 Results Should Have Been Better
Bank of America reported mixed second-quarter results Wednesday morning, with better-than-expected earnings per share but weaker revenues.