Banking & Finance

Goldman Sachs Adds $25 Billion in Assets for $750 Million

Posted: May 16, 2019 at 10:30 am

One of the country's biggest banks, Goldman Sachs Group Inc. (NYSE: GS), announced Thursday morning that it has agreed to acquire privately held wealth management firm United Capital Financial Partners ...
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FINRA Brings Additional Rules to Protect Investors Against Troubled Brokers

Posted: May 2, 2019 at 2:38 pm

Brokerage firms with a history of misconduct or that employ a high number of brokers and advisors with red flags may about to face even more regulatory scrutiny. FINRA has ...
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Why Square’s Q1 Beat Was Not Enough for Investors

Posted: May 1, 2019 at 4:29 pm

Square Inc. (NYSE: SQ) released first-quarter financial results after markets closed Wednesday. The company said that it had $0.11 in earnings per share (EPS) and $489 million in revenue, compared ...
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What to Expect When Square Reports After the Close

Posted: May 1, 2019 at 10:45 am

Square Inc. (NYSE: SQ) is scheduled to release its first-quarter financial results after the markets close on Wednesday. The consensus estimates are calling for $0.08 in earnings per share (EPS) ...
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Why Warren Buffett May Buy More Bank Stocks Rather Than Make Large Share Buybacks

Posted: April 30, 2019 at 6:45 am

Berkshire Hathaway Inc. (NYSE: BRK-A) is a bit of an enigma when it comes to a traditional company. The company is the largest conglomerate of all, with a $533 billion ...
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Can American Express Q1 Results Lift Shares to New High?

Posted: April 18, 2019 at 11:35 am

When American Express Co. (NYSE: AXP) released its first-quarter financial results before the markets opened on Thursday, the company posted $2.01 in earnings per share (EPS) and $10.36 billion in ...
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Should Synchrony Financial Get More Credit for Q1 Results?

Posted: April 18, 2019 at 9:05 am

Synchrony Financial (NYSE: SYF) released its first-quarter financial results before the markets opened on Thursday. The company said that it had $1.00 in earnings per share (EPS) and $4.79 billion ...
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Bank of New York Mellon Signals Dark Yield Curve Clouds in Trust and Custodial Companies

Posted: April 17, 2019 at 11:50 am

It's unusual to see shares of Bank of New York Mellon Corp. (NYSE: BK) have a huge post-earnings reaction. After all, the 235-year-old bank is the top custodial player with ...
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What to Expect When American Express Reports Thursday

Posted: April 17, 2019 at 10:55 am

American Express Co. (NYSE: AXP) is scheduled to release its first-quarter earnings report before the markets open on Thursday. Consensus estimates are calling for $1.98 in earnings per share (EPS) ...
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Were Morgan Stanley’s Q1 Earnings Good Enough?

Posted: April 17, 2019 at 9:50 am

Morgan Stanley (NYSE: MS) released its first-quarter financial results before the markets opened on Wednesday. The investment bank said that it had $1.33 in earnings per share (EPS) and $13.56 ...
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BlackRock Dominates ETFs as Management Fees and Expense Ratios See Ongoing Pressure

Posted: April 16, 2019 at 1:05 pm

BlackRock Inc. (NYSE: BLK) saw its shares rally after reporting first-quarter earnings for 2019. While the underlying earnings report matters for BlackRock shareholders, there is a broader issue to consider ...
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How Buffett and Berkshire Hathaway Complicate Top Financial ETFs

Posted: April 16, 2019 at 12:05 pm

At the start of every earnings season, the investing community gets to see how the strength of the banking industry has been since the prior reports. This is where the ...
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Where Bank of America’s Record Income Was Derailed

Posted: April 16, 2019 at 9:45 am

Bank of America Corp. (NYSE: BAC) posted fiscal first-quarter 2019 results before markets opened Tuesday morning. The big bank reported diluted earnings per share (EPS) of $0.70 on revenue of ...
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Do Multiple Analyst Downgrades Signal a Bottom for Wells Fargo?

Posted: April 15, 2019 at 1:00 pm

Wells Fargo & Co. (NYSE: WFC) was not viewed as an earnings season winner after it released its first-quarter results for 2019 on Friday. In fact, its shares fell by ...
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What to Watch When Bank of America Reports Tuesday

Posted: April 15, 2019 at 12:10 pm

Bank of America Corp. (NYSE: BAC) is scheduled to release its second-quarter financial results before the markets open on Tuesday. The consensus estimates are calling for $0.65 in earnings per ...
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