banking

Wall Street took on a slightly green tint early Wednesday as investors sorted through another bag of hot, fresh earnings. Morgan Stanley’s (NYSE: MS) latest quarter got an early thumbs up from investors, but Netflix.com, Inc. (NASDAQ: NFLX) appeared to get a thumbs down. Morgan Stanley...

The bank earnings parade continues Tuesday, and this time Bank of America Corp (NYSE: BAC) is in the spotlight. Later today, however, focus could shift to Netflix Inc. (NASDAQ: NFLX) as it becomes the first “FAANG” sighting of the season. At the same time, major indices took on a...

Everybody loves a good comeback story, as golf fans might tell you following Tiger Woods’ unexpected victory at the Masters over the weekend. The markets have also staged quite a comeback since the end of 2018, and there was more evidence of that Friday when the S&P 500 Index (SPX) closed...

Earnings season started with a bang early Friday as two major U.S. banks shared Q1 results and the market reacted positively. Big beats from JPMorgan Chase & Co (NYSE: JPM) and Wells Fargo & Co (NYSE: WFC) really help set a positive tone for earnings overall. JPMorgan Chase earned...

Until recently, two of the banking sector’s major revenue rainmakers—mortgages and initial public offerings (IPOs)—were suffering a drought. A slumping housing market that coincided with last fall’s higher mortgage rates had some analysts worried about big banks’ Q1....

Lower trading volume. Falling mortgage rates. An inverted Treasury yield curve. A slowing U.S. and global economy. The odds seem pretty stacked against big banks on multiple fronts as earnings season starts tomorrow. Making things even more challenging, many U.S. big banks enter Q1 reporting time...

As investors appear to be awaiting the ramp-up of earnings season with bank quarterly reports tomorrow, they have some incremental geopolitical news to digest. Trade negotiations between the United States and China continue. U.S. Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China...

With the European Central Bank the latest major central bank to hold interest rates steady and the Federal Reserve scheduled to release minutes from its last meeting, investors have plenty to chew on today from monetary policy makers. For now, as it waits for earnings season to start up in earnest...

There’s quite a bit of excitement and nervousness heading into earnings season, but analysts don’t necessarily expect the kind of robust company financial growth many investors got used to the last couple of years. FactSet projects a 4.2% year-over-year decline in S&P 500 earnings...

With Financial sector earnings season looming, a shot got fired across the bow last week when Tim Sloan, CEO of Wells Fargo & Co (NYSE: WFC) announced his retirement. This unexpected move created some drama in a sector where it’s mainly been an interest rate game for the last year....

It looks like things might start the new week right where they left off last Friday: In the red. Those worries about global growth haven’t necessarily gone away, and yesterday’s political developments in Washington—which some analysts saw saw as positive for stocks—aren...

Renewed global growth fears might dim the rally lights a little Friday after yesterday’s Fed party. A sharp rally Thursday that led stocks to five-month highs hit the brakes in pre-market action after European stocks fell sharply amid more soft data. Factory output in Europe slumped to its...

Benzinga's Fintech Focus Podcast features conversations with the biggest names in fintech. Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events.    In this episode of the...

As this week comes to a close, it seems that traders and investors are continuing to focus on global growth worries stemming from trade fears and concerns about the eurozone economy. The U.S. market appears headed for its third down day in a row after European and Asian shares were mostly lower...

A long weekend looms, but before that, there’s a lot to digest. Perhaps topping the list is the latest scuttlebutt around trade with China (see more below). Netflix, Inc. (NASDAQ: NFLX) earnings also rank high, with shares down 3% in pre-market trading after a Q4 revenue miss. Automaker...