Rates Are Going Higher, but Will These 5 Top Banks Really Benefit?
In a new research report on banks, the team at Baird make the case that many may be overstating the amount of earnings leverage attributed to rising rates.
Banking, finance, and taxes
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Newest first · Page 96Why the Citizens Bank IPO Does Not Live Up to Advance Billing
Citizens Financial Group priced its initial public offering (IPO) at $21.50 a share, below the expected range of $23 to $25.
Walmart Moves Into Checking Account Business
The government may want to shut Walmart out of the bank business permanently, but it has found a way around the roadblock.
Citizens Financial Revs Up for IPO
Citizens Financial is expected to price its initial public offering (IPO) Tuesday and begin trading Wednesday.
Colombian Bank Grupo Aval Debuts in IPO
Grupo Aval Acciones y Valores S.A. (NYSE: AVAL) announced the pricing of its initial public offering of 1,629,629,640 in preferred shares, what seems a bit unusual for most ADS listings. The preferred shares were…
Credit Suisse Back to School Upgrades — in Student Loan Players!
ThinkstockCredit Suisse is adding student lenders to its back to school shopping list. Currently it is reiterating Outperform ratings and price targets for Navient Corp. (NASDAQ: NAVI), Nelnet Inc. (NYSE: NNI) and SLM Corp.…
Baird Sees Big Rotation From REITs and Utilities to Financials
24/7 Wall St. has screened the Baird top financial picks for stocks that have perhaps the biggest upside from current trading levels.
Home Depot Breach Hits 56 Million Credit Cards
The Home Depot data hack was huge -- 56 million cards to be exact.
Meet the First CFTC Regulated Bitcoin Derivatives Trading: TeraExchange
TeraExchange has launched what is called the first regulated platform for bitcoin derivatives and a spot bitcoin price index.
Long-Term Risks and Opportunities for Banks From Apple Pay
Fitch Ratings is among the many firms opining what the new Apple Pay will mean to the consumer market
RBC Says These Top Stocks to Benefit the Most From Apple Pay
A new report from RBC handicaps just who look to be the biggest winners as Apple takes another step forward into a new arena.
Visa Unveils Its Answer to Secure Online and Mobile Payments
Visa.comVisa Inc. (NYSE: V) did not wait too long for Apple Inc. (NASDAQ: AAPL) to get its Apple Pay out there before it announced the launch of Visa Token Service. Visa’s second press release just…
Strong Synchrony Analyst Coverage a Long-Term Positive for GE
The analyst quiet period for Synchrony Financial has now ended and analysts from the underwriting syndicate are out with mostly positive commentary on the credit card issuer.
Citizens Financial Spin-Off Terms Have Been Set
ThinkstockThe Royal Bank of Scotland Group plc (NYSE: RBS) plans to spin-off its retail bank Citizens Financial Group Inc., as a public company. Terms were recently set in an amended S-1 filing with the…
American Opinion of Banking Industry Rises
According to a new Gallup poll, Americans' views of the banking industry are positive for the first time since 2007.