General Electric Co. and Synchrony FinancialGeneral Electric Co. (NYSE: GE) spinoff Synchrony Financial priced its initial public offering of 125 million shares at $23 at the bottom of the expected range of $23 to…
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 one of the other…
ThinkstockNomura 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 reporting positive credit card…
Courtesy of American ExpressAmerican 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 of…
ThinkstockIf 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 as the “too big…
thinkstockThe 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, Greece and Spain. Ireland…
ThinkstockCIT 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 OneWest Bank NA for…
When GE reported second-quarter earnings Friday, it said that it hoped to get the spin-off of its North American consumer-finance business completed in an initial public offering by the end of July.
With credit levels still at historic lows, and earnings growth gaining traction, there may be some tremendous upside for investors. Merrill Lynch has raised its price targets on three top credit card stocks.
Bank of America reported second-quarter results before markets opened Wednesday morning. The results included $3.9 billion in litigation expenses.
Tuesday morning reports from both J.P. Morgan Chase and Goldman Sachs continued the string of positive earnings reports from Wall Street's biggest banks.
Goldman Sachs reported better-than-expected second-quarter results before markets opened Tuesday morning, despite a decline in institutional client services revenues.
J.P. Morgan reported lower than a year ago but better than expected second-quarter results before markets opened Tuesday morning.
After backing out the $3.8 billion in charges for settling its dispute with the U.S. Department of Justice, Citigroup reported better-than-expected second-quarter results Monday morning.
Markit saw a strong initial public offering. After pricing at $24, shares initially rose to about $26.50. Now the analyst quiet period has officially ended, and the ratings outlook is less than favorable.