Banking & Finance

Is Wells Fargo Hunting for a New CEO?

Posted: March 22, 2019 at 10:20 am

Wells Fargo & Co. (NYSE: WFC) is reportedly still sifting through the ranks of former Goldman Sachs executives in search of a replacement for CEO Tim Sloan. There are apparently ...
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Meet the BlackRock Multifactor Rotation ETF: Actively Managed Hedge Fund(esque)

Posted: March 21, 2019 at 2:40 pm

  The king of the exchange-traded fund (ETF) world is BlackRock Inc. (NYSE: BLK) with its ownership of the $1.5 trillion or so iShares ETF family. BlackRock has been ...
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Why JPMorgan Has Underperformed the Large Banks in the 2019 Rally

Posted: March 20, 2019 at 1:40 pm

There is a market adage that a rising tide lifts all ships. In short, a rising stock market is supposed to lift all stocks. The reality is that it doesn't ...
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FBI College Admissions Scandal Sting’s One Public Company Shares

Posted: March 12, 2019 at 3:04 pm

Hercules Capital Inc. (NYSE: HTGC) saw its shares trade down sharply on Tuesday, but it's not based on earnings or any other traditional metrics that you might have expected. Tuesday's ...
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Will a New Cryptocurrency Save or Destroy Facebook?

Posted: March 11, 2019 at 4:45 pm

  Whether it's Bitcoin or a myriad of other cryptocurrencies that have been available to the public, some crypto-hopefuls still predict massive upside in the years ahead in the ...
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How Square Won Out After All in Q4

Posted: February 28, 2019 at 1:05 pm

The last time that Square Inc. (NYSE: SQ) reported results, shares dropped in reaction despite a solid report, but that was more the result of profit-taking as shares had risen ...
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Deutsche Bank Extremely Selective on Banks: 4 Large Cap Regionals to Buy

Posted: February 28, 2019 at 6:55 am

Needless to say, the merger between BB&T and SunTrust took Wall Street by storm, and when completed it will make the combined company the sixth largest U.S. bank. With the ...
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Hedge Fund Giant Ray Dalio Made $1.3 Billion Last Year

Posted: February 17, 2019 at 7:55 am

Ray Dalio, who founded the world's largest hedge fund in 1975 earned $1.26 billion last year. This makes Dalio the richest hedge fund chief in the world and adds to ...
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JPMorgan Goes Crypto With New JPM Coin

Posted: February 14, 2019 at 11:55 am

Less than two years after CEO Jamie Dimon promised to fire for cause ("stupidity") any employee who traded bitcoin and called cryptocurrency "fraud," JPMorgan Chase & Co. (NYSE: JPM) is ...
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Why Discover Tops the Credit Card Ranking

Posted: February 7, 2019 at 3:01 pm

In the third quarter of last year, Americans had a total of 368 million total open credit card accounts, more than one for each man, woman, and child in the ...
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BB&T, SunTrust to Merge in $66 Billion Deal

Posted: February 7, 2019 at 8:50 am

Calling it a merger of equals, BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) announced this morning that they are merging in an all-stock transaction worth $66 billion. ...
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Bill Gross Retirement Brings the End of an Era for the Bond King

Posted: February 4, 2019 at 10:20 am

It's not all that often that kings get to retire. In the financial markets, sometimes kings do get to do so. Janus Henderson Group PLC (NYSE: JHG) has announced that ...
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Why PayPal’s Q4 Earnings Are Not Good Enough

Posted: January 31, 2019 at 9:10 am

When PayPal Holdings Inc. (NASDAQ: PYPL) released its fourth-quarter earnings report after the markets closed on Wednesday, the firm said that it had $0.69 in earnings per share (EPS) and ...
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Is Major Bank Short Interest Signaling a Turnaround?

Posted: January 28, 2019 at 8:40 am

The financial sector was a major part of the Great Recession, and it was a major part of the recovery and raging bull market afterward. Generally speaking, the major financial ...
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How Synchrony Knocked It Out of the Park With Earnings

Posted: January 23, 2019 at 11:25 am

When Synchrony Financial (NYSE: SYF) released its fourth-quarter earnings report before the markets opened on Wednesday, the company said that it had $1.09 in earnings per share (EPS) and $4.94 ...
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