High-Yield Defaults to Fall by Half in 2017: Fitch Ratings
If it weren't for the energy sector, the percentage of high-yield bond defaults would likely fall below the pre-Great Recession average for the trailing 12 months ending in October.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 57How Costco and Capital Deployment Are Driving Citi Earnings
Citigroup released better-than-expected third-quarter financial results before the markets opened on Friday.
How Wells Fargo Is Moving On From Stumpf Resignation and Accounts Scandal
Wells Fargo reported better-than-expected third-quarter financial results before the markets opened on Friday.
JPMorgan Earnings Easily Clears Lowered Bar
JPMorgan reported better-than-expected third-quarter 2016 results before markets opened Friday morning.
What to Expect From Friday’s Major Bank Earnings
Three major banks are reporting their third-quarter financial results before the markets open on Friday. Solid earnings for this period have the potential to take the heat off the stocks, if only a little.
4 Top Banks to Buy as Rates Are Going Higher in December
Interest rates have been too low for too long, and when the Federal Reserve finally raises rates again come December, it could be a positive for the bank stocks.
Mixed Analyst Picture for Butterfield After Quiet Period
Bank of N.T. Butterfield & Son Ltd. (NYSE: NTB) has seen its quiet period come to an end. The overall analyst coverage coming into the first initiations looks perhaps more mixed than some of…
US Consumer Borrowing Soared by $25.8 Billion in August
The Federal Reserve on Friday released its preliminary report on consumer credit for the month of August 2016. On a seasonally adjusted basis, consumer credit rose 8.5% in the month, up from 5.9% growth…
Why CIT Group Is Flying High on Friday
Shares of CIT Group saw a handy gain early on Friday after the company announced that it will be selling its commercial aircraft leasing business.
Why American Express Shares May Fall Even Further
American Express Co. (NYSE: AXP) may still have Warren Buffett as a massive and long-term shareholder, but the news flow just has not been favorable for the credit card issuer. Things might be getting…
Is Endurance Specialty the Largest Potential Merger You Never Heard Of?
Generally speaking, a merger worth $6.5 billion is considered a fairly large merger. In this particular instance, it is likely that the public may have never heard of either company involved. Sorry, the largest…
Average Bank ATM Fee Rises to New High of $4.57
Non-customers now pay an average of more than $4.50 for using an out-of-network ATM, after the tenth consecutive annual rise in the total transaction fee.
Well Fargo Loses $25 Billion in Market Cap
Wells Fargo has lost $25 billion in market cap in six days. Where does the bank go from here?
Och-Ziff Settles With SEC Over Bribery Charges
The SEC has announced that Och-Ziff Capital Management has agreed to pay nearly $200 million to settle civil charges of violating the Foreign Corrupt Practices Act.
Nomura Analyst Sees Wells Fargo Needing to Put Up a Stronger Fight
A Nomura analyst says that it is time for Wells Fargo to put up a stronger fight, defending itself from accusations of wrong-doing.