A New Wave of Bank Layoffs, With More to Come
Moody's ungraded four of America's largest banks due to their new aversion to risk. JPMorgan layoffs were more about efficiency than about risk.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 84Why Legal Issues Around Banks Now Make Them Attractive
In a new research note, UBS says that the legal troubles that have been such an overhang for banks for the past seven years may be finally coming to an end.
Will Banks Buy Up All of the High Quality Municipal Bonds Under Fed Proposal?
As regulators propose and ultimately make new rules around asset classes, they can create huge supply and demand imbalances. They can create bubbles or they can make liquidity dry up. So, what are tax-free…
Financials Have Struggled This Year: Analyst Says to Buy the Big 3
In a new report, Oppenheimer is very bullish on financials that are big players in the equity capital markets arena.
4 Stocks to Buy for the Coming Interest Rates Increases
A new report from Jefferies points to four financial services stocks that should prosper in the rising rate environment, and all are rated Buy.
Why AmEx Dividend and Buyback Hikes Might Not Tempt New Shareholders
American Express is trying to please its shareholders by increasing its dividend and by increasing its share repurchase plan.
Why Bank of America Shares Were Downgraded
BMO Capital Markets had an update to its six "Best Ideas" list in financial coverage. The report included a downgrade of Bank of America shares.
Is Rekindled E*Trade Buyout Chatter More Realistic Ahead of 2016?
ThinkstockIf there has been one financial merger that never took place but could, it is — or was — the would-be buyout of E*Trade Financial Corp. (NASDAQ: ETFC). The biggest acquiring candidates have always…
American Express Desperation Loyalty Card
American Express announced Monday morning that it is now offering a co-branded credit card with a new, U.S.-based "loyalty coalition" called Plenti.
Banks and States With the Most Branch Closings: The Rise of Mobile Banking
After years of retail presence expansion in banking, that trend has been unwinding as banks see how ever more mobile banking usage by consumers is allowing them to chop down on the number of…
Key Analyst Sees Over 20% Upside in Ocwen After Preliminary Earnings
A key analyst has made a very positive research call that might give some Ocwen investors a belief that the worst has been seen.
Visa Trips on Earnings Despite Overcoming Currency Headwinds
ThinkstockVisa Inc. (NYSE: V) reported its fiscal second-quarter financial results after the markets closed Thursday. The company had $0.63 in earnings per share (EPS) and $3.41 billion in revenue compared to Thomson Reuters consensus…
AIG Adds to Buyback Program After Profits Leap
Wikimedia CommonsAmerican International Group Inc. (NYSE: AIG) reported first quarter 2015 earnings after markets closed on Thursday. For the quarter, the multinational insurer posted adjusted diluted earnings per share (EPS) of $1.78. In the…
4 High-Yield BDCs to Buy Before Earnings Are Reported
JPMorgan sees the market for the top high-yield business development companies (BDCs) remaining smooth, as first-quarter results should be solid.
UBS Has 3 Financial Services Stocks to Buy If New IRA Rules Pass
If there is one industry has had its fair share of rules and regulations since the Great Recession and subsequent market debacle of 2008, it is the financial services industry.