Banking & Finance

McKinsey Warns of Looming Asian Debt Crisis

Posted: August 20, 2019 at 12:10 pm

The Asian financial crisis of 1997 wreaked havoc on the financial systems of Thailand, Indonesia and South Korea particularly, but the effects were felt all around the globe. To staunch ...
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AIG Is Finally Firing on All Cylinders

Posted: August 8, 2019 at 10:35 am

Between mid-December and Wednesday night's close, shares of insurer American International Group Inc. (NYSE: AIG) have added more than 44%. The company's general underwriting business rose from a loss of ...
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Credit Card Rates Hit 25-Year High

Posted: August 7, 2019 at 9:30 am

Americans have paid very high interest rates on credit cards for decades, and in many years the average has been over 15%. They set a 25-year record in May, at ...
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Mastercard Makes Fourth 2019 Fintech Acquisition

Posted: August 6, 2019 at 11:05 am

On Monday, Federal Reserve Governor Lael Brainard announced that the Federal Reserve would build and operate a real-time payments system for all U.S. banks by 2023 or 2024. As envisioned, ...
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Do GreenSky Earnings Reflect Trouble in Fintech Land?

Posted: August 6, 2019 at 10:40 am

When GreenSky Inc. (NASDAQ: GSKY) reported its most recent quarterly results before the market opened on Tuesday, the financial technology company said that it had $0.19 in earnings per share ...
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How Banks Are Replacing Treasuries, Utilities and CDs for Income Investors

Posted: July 29, 2019 at 11:00 am

Many investors need income from their stocks to help supplement their life or retirement. With the yield on Treasuries so low, and with the Federal Reserve embarking on an interest ...
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Why Warren Buffett Doubled Down on BofA Even More Over Wells Fargo

Posted: July 28, 2019 at 10:58 am

Bank of America Corp. (NYSE: BAC) already was one of the top equity holdings of Berkshire Hathaway Inc. (NYSE: BRK-A). The position originally dates back to a preferred share private ...
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Why KBW Sees BofA, Citi and Goldman Sachs Winning From Fed Rate Cuts

Posted: July 26, 2019 at 12:30 pm

The Federal Reserve's Federal Open Market Committee (FOMC) is now less than a week away from cutting interest rates, at least that's the current bet in the markets. Some Wall ...
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Why Solid Earnings Aren’t Impressing Visa Shareholders

Posted: July 23, 2019 at 5:11 pm

Visa Inc. (NYSE: V) reported fiscal third-quarter 2019 results after markets closed Tuesday. The credit card issuer posted quarterly adjusted diluted earnings per share (EPS) of $1.37 and revenues of ...
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Why Travelers Growth in Q2 Still Disappoints

Posted: July 23, 2019 at 9:40 am

Travelers Companies Inc. (NYSE: TRV) released its second-quarter financial results before the markets opened on Tuesday. The company said that it had $2.02 in earnings per share (EPS) and $7.45 ...
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Equifax Strikes a $671 Million Deal Over 2017 Data Breach

Posted: July 22, 2019 at 9:40 am

Investigations by 48 states; Puerto Rico; Washington, D.C.; the Federal Trade Commission; the Consumer Financial Protection Bureau; and the New York Department of Financial Services into the 2017 data breach ...
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Does Amex Deserve More Credit for Q2 Earnings?

Posted: July 19, 2019 at 8:45 am

American Express Co. (NYSE: AXP) released its second-quarter financial results before the markets opened on Friday. The company said that it had $2.07 in earnings per share (EPS) and $10.8 ...
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What to Expect When American Express Reports on Friday

Posted: July 18, 2019 at 11:35 am

American Express Co. (NYSE: AXP) is scheduled to release its second-quarter financial results before the markets open on Friday. The consensus estimates call for $2.04 in earnings per share (EPS) ...
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Morgan Stanley Whiffs on Q2 Despite Bottom-Line Beat

Posted: July 18, 2019 at 9:50 am

Morgan Stanley (NYSE: MS) released its second-quarter financial results before the markets opened on Thursday. The investment bank said that it had $1.23 in earnings per share (EPS) and $10.2 ...
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What to Expect When Morgan Stanley Reports Thursday Morning

Posted: July 17, 2019 at 1:35 pm

Morgan Stanley (NYSE: MS) is scheduled to release its second-quarter financial results before the markets on Thursday. The consensus estimates are calling for $1.14 in earnings per share (EPS) and ...
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