banking

The nearly four-week-long government shutdown has created fears that longer TSA lines and poorer customer service from airlines are taking over airports far and wide. And while the shutdown is the craziest game of “Wait-and-See” in U.S. history, air travel—for now—is...

After an impressive start to the week, markets appear to face some tough sledding Thursday as investors eye disappointing earnings from Morgan Stanley (NYSE: MS), lack of progress on China trade, and no end in sight to the U.S. government shutdown. While focus in the early going might be on MS, the...

Investors have plenty to digest this morning as their plates are full with the continuing earnings season as the entree, served with a side of news from overseas that could touch on global economic growth. Bank earnings continued to roll in. Bank of America (NYSE: BAC) beat expectations on its top...

The big banks have been see-sawing this week after a relief bump from Citigroup’s (NYSE: CC) earnings beat on Monday, followed by a pullback in pre-market trading this morning after JP Morgan’s (NYSE: JPM) missed earnings estimates for the first time in 15 quarters. The next round of...

Big bank earnings might get overshadowed a bit Tuesday by international events, including a key vote on Brexit and a possible China stimulus plan. Still, earnings remain front and center as a full set of major firms open their books today. Also front and center is the U.S. government shutdown....

Earnings season starts to pick up the pace this week, with reports from JP Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) scheduled before market open on Tuesday, Jan. 15.  Between the Fed’s rate hike path, growing concerns regarding global economies and future growth, and geopolitical...

Citigroup Inc. (NYSE: C) kicks off earnings season and leads the banks, with its report scheduled for before market open on Monday, Jan. 14. 2018 ended up being a tough year for the stock and C ended 2018 down 30%, with about 19% of that decline in December alone. Shares have bounced back a...

We’re back in the capital markets for this week’s Fintech Focus Podcast, and it’s a good one—perennial BZ Awards judge and partner at Marlin & Associates Michael Maxworthy joins us for an assessment of the state of fintech M&A. Maxworthy’s firm has advised a...

ClickSWITCH CEO Cale Johnston spoke to Benzinga about his company and the role its platform for transitioning banking customers from one account to another plays in the fintech sector. The Company Started in 2014, ClickSWITCH was created to solve the problem of switching account holders’...

Wedbush upgraded Fifth Third Bancorp (NASDAQ: FITB) and outlined its projections for the bank's growth potential in the wake of its acquisition of MB Financial (NASDAQ: MBFI). The Analyst Analyst Peter Winter upgraded Fifth Third from Neutral to Outperform and increased the price...

After hitting a low of $15.75 in April, Santander Consumer USA Holdings Inc (NYSE: SC) shares have staged a decent rebound. The bank stock was hit with a downgrade from JPMorgan Monday, witht he sell-side firm citing limited upside potential relative to its price target after the rally....

Goldman was previously a Barclays PLC (ADR) (NYSE: BCS) bear due to concerns about the capital building the company had to undergo to narrow the gap to its U.K. and EU investment banking peers and meet financial regulations. The firm's thesis on the UK banking giant changed Thursday. The...

Amazon.com, Inc. (NASDAQ: AMZN) is reportedly researching a bank account product for customers, The Wall Street Journal first reported. What Happened Amazon could be looking to partner with major Wall Street banks like JPMorgan Chase & Co. (NYSE: JPM) to offer its clients a "checking-...

Big banks began to report earnings in the week ended Jan. 12, and the financial earnings news flow continued into the week ended Jan. 19. A Muted Show The financial sector turned in 2.4-percent year-over-year revenue growth for the fourth quarter, the second lowest of all the eleven sectors,...

JPMorgan Chase & Co. (NYSE: JPM)'s relationship with General Electric Company (NYSE: GE) dates back to last century. According to a Bloomberg report, General Electric has been a client of JPMorgan for 125 years. Way back in 1892, JPMorgan, known as John Pierpont Morgan's Drexel Morgan & Co...