Banking & Finance

Nationwide Is Slashing Jobs

Posted: November 14, 2018 at 10:30 am

One of Ohio's largest banks, Nationwide, announced Wednesday morning that it is cutting 1,100 jobs across the country, beginning with 350 cuts at its headquarters in Columbus and 80 in ...
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Major Banks See Rising Tide in Short Interest

Posted: November 12, 2018 at 9:40 am

The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the ...
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Long-Term Care Insurance Harder to Get, More Expensive as Care Costs Rise

Posted: November 8, 2018 at 12:55 pm

In 2004, the annual cost of care in an assisted living facility averaged $28,800 nationally. By 2018 that cost had ballooned to $48,000, an increase of 67% over the 15-year ...
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With Midterms Over, Deutsche Bank Loves 3 Top Financial Stocks

Posted: November 7, 2018 at 7:00 am

Regardless of which party or candidates you voted for, if you are like many Americans, you are just glad the whole thing is over. The constant bombardment of rhetoric and ...
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Visa Earnings, Outlook Impress Investors

Posted: October 25, 2018 at 9:50 am

Visa Inc. (NYSE: V) reported fiscal fourth-quarter and full-year 2018 results after markets closed Wednesday. The credit card issuer posted quarterly adjusted diluted earnings per share (EPS) of $1.21 and ...
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Short Sellers Can’t Make Up Their Minds on Major Banks

Posted: October 25, 2018 at 8:35 am

The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the ...
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What to Watch When Visa Reports

Posted: October 24, 2018 at 12:05 pm

Visa Inc. (NYSE: V) is scheduled to release its fiscal fourth-quarter financial results after the markets close on Wednesday. The consensus estimates call for $1.20 in earnings per share (EPS) ...
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Unbanked Population Trends Keep Improving in America

Posted: October 23, 2018 at 2:05 pm

The number of unbanked and underbanked people in America has continued to shrink in America. A fresh report covering 2017 banking trends (and hopefully things have continued to improve considering ...
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Wells Fargo Settles Legal Case but Says It Is Doing a Great Job

Posted: October 23, 2018 at 6:15 am

Wells Fargo & Co. (NYSE: WFC) has repented and turned away from a series of dubious business practices, it says. This did not stop the New York State Attorney General ...
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Bank Stocks Now Reflect Their Own Bear Market

Posted: October 22, 2018 at 4:04 pm

Investors have been blindsided in recent weeks as gains suddenly turned into losses. The reality is that nobody should be surprised that a nine-and-a-half-year bull market may at some point ...
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Synchrony Financial Notches Another Solid Quarter

Posted: October 19, 2018 at 11:15 am

When Synchrony Financial (NYSE: SYF) reported its third-quarter financial results before the markets opened on Friday, the company said that it had $0.91 in earnings per share (EPS) and $4.69 ...
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Elizabeth Warren Wants Head of Wells Fargo Fired

Posted: October 19, 2018 at 7:00 am

Senator Elizabeth Warren pressed the extent of the power of her office as she insisted that the CEO of Wells Fargo & Co. (NYSE: WFC) be fired. Some of the ...
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PayPal Slides By in Q3

Posted: October 18, 2018 at 4:30 pm

PayPal Holdings, Inc. (NASDAQ: PYPL) reported its most recent quarterly results after the markets closed on Thursday. The company posted $0.58 in earnings per share (EPS) and $3.68 billion in ...
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Should Amex Get More Credit For Its Q3 Report?

Posted: October 18, 2018 at 4:19 pm

American Express Co. (NYSE: AXP) released third quarter financial results after markets closed Thursday. The company reported $1.88 in earnings per share (EPS) on $10.14 billion in revenue versus consensus ...
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What to Watch For in PayPal’s Q3

Posted: October 18, 2018 at 11:35 am

PayPal Holdings Inc. (NASDAQ: PYPL) is set to report its most recent quarterly results after the markets close on Wednesday. Thomson Reuters consensus estimates call for $0.54 in earnings per ...
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