Did the Right Company Buy E*Trade?
Morgan Stanley (NYSE: MS), one of the five largest U.S. banks, announced Thursday morning that it has reached an agreement to acquire E*Trade Financial Corp. (NASDAQ: ETFC) in an all-stock ...Read Full Story »
Banking & Finance
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Ally Financial Stock Plummets on $2.65 Billion Acquisition of CardWorks
Financial services firm Ally Financial Inc. (NYSE: ALLY) announced Wednesday that it has agreed to acquire privately held CardWorks in a cash and stock transaction valued at $2.65 billion. The ...Read Full Story »
Franklin Resources Acquires Legg Mason Further Consolidating Investment Management Ranks
Investment management firm Franklin Resources Inc. (NYSE: BEN) announced Tuesday that it has agreed to acquire Legg Mason Inc. (NYSE: LM) in an all-cash transaction valued at $50 per Legg ...Read Full Story »
HSBC to Fire as Many as 35,000
After its announced rough fourth-quarter earnings, huge bank HSBC told media that it will cut as many as 35,000 jobs. The bank's pretax profit fell 33% to $13.4 billion, well ...Read Full Story »
Why Visa Stock Can’t Take Even a Little Bad News
Visa Inc. (NYSE: V) reported fiscal first-quarter 2020 results after markets closed Thursday. The credit card issuer posted quarterly adjusted diluted earnings per share (EPS) of $1.46 and revenues of ...Read Full Story »
What to Expect When Visa Reports After the Close
Visa Inc. (NYSE: V) is set to report its fiscal first-quarter financial results after the markets close on Thursday. The consensus estimates call for $1.46 in earnings per share (EPS) ...Read Full Story »
Wave of the Future: JPMorgan Cuts More Workers
JPMorgan Chase & Co. (NYSE: JPM) will cut hundreds of workers in its consumer businesses. It is supposed the decision was made largely because consumers access bank services online. More ...Read Full Story »
Could Innovative Industrial Properties Get Smoked in Its Secondary Offering?
Innovative Industrial Properties Inc. (NYSE: IIPR) shares dropped to close out the week after the company priced its secondary offering at a discount to its current price level. The price ...Read Full Story »
More All-Time Highs in the Cards for Amex After Earnings?
American Express Co. (NYSE: AXP) released its fourth-quarter financial results before the markets opened on Friday. The company said that it had $2.03 in earnings per share (EPS) and $11.37 ...Read Full Story »
John Stumpf’s Major Fall From Grace, Massive Fine and Ban From Banking
Of the major U.S. banking CEOs Jamie Dimon of JPMorgan Chase & Co. (NYSE: JPM) has by far the most visible and recognizable face among his peers. He has been ...Read Full Story »
What to Expect When American Express Reports First Thing Friday
American Express Co. (NYSE: AXP) is set to report its fourth-quarter financial results before the opening bell on Friday. Analysts are calling for $2.01 in earnings per share (EPS) and ...Read Full Story »
2 Years After Equifax Data Breach, Is All Now Forgiven?
Data breaches have become a growing concern among consumers as nobody wants their private information and identities stolen. One such breach that gained the ire of the American consumer happened ...Read Full Story »
Why This Analyst Fears Wells Fargo Stock Could Fall 15% More
The raging bull market in stocks has been no secret. The major indexes are up exponentially from the panic-induced lows of the Great Recession, and 2019 saw nearly a 29% ...Read Full Story »
How Morgan Stanley Won Big in Q4
Morgan Stanley (NYSE: MS) released its fourth-quarter financial results before the markets opened on Thursday. The investment bank said that it had $1.30 in earnings per share (EPS) and $10.86 ...Read Full Story »
Will Trading Revenues Play a Big Role in Morgan Stanley’s Q4 Report?
Morgan Stanley (NYSE: MS) is set to release its most recent quarterly results before the opening bell on Thursday. The consensus estimates are calling for $1.11 in earnings per share ...Read Full Story »
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