banking

The rise of fintech has not been lost on the banking community. In his latest annual report released Monday, JPMorgan Chase & Co. (NYSE: JPM) Chairman and CEO Jamie Dimon said he now sees banks having a “decreasing role in the global economy.” What Happened: While Dimon said...

Deutsche Bank AG (NYSE: DB) is poised to benefit from interest rate hikes and market volume growth, according to BofA Securities. The Deutsche Bank Analyst: Rohith Chandra-Rajan upgraded the rating for Deutsche Bank from Underperform to Neutral, while raising the price target from $10 to 11.50...

Citigroup Inc’s (NYSE: C) management presented a “realistic set of financial goals” during the investor day event, according to BofA Securities. The Citigroup Analyst: Ebrahim Poonawala maintained a Buy rating for Citigroup, while reducing the price target from $100 to $90. The...

While any potential weakness with JPMorgan Chase & Co’s (NYSE: JPM) stock over the next few days would represent a buying opportunity, while Wells Fargo & Co.’s (NYSE: WFC) stock could benefit from “some rotation out of JPM, at least in the near term,”...

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 23.9%. But there is no question some big-name stocks performed better than others along the way. Citigroup’s...

Dutch financial services behemoth ING Groep NV (NYSE: ING) is considering launching its own decentralized finance (DeFi) lending services. What Happened: ING Chief Innovation Officer Annerie Vreugdenhil said during the Singapore Fintech Festival that the firm is working on...

The fintech industry is booming. The sector can be broadly categorized by: Technology: AI, blockchain and distributed computing Service: Payment, fund transfer, personal finance, loans, insurance and wealth management Application: Banking, insurance and securities...

The U.S. Bank Voyager card program has been a resource for fleet operations since the 1980s, gaining acceptance at 97% of all U.S. gas stations and locations for maintenance, food, and hotels. "When you think about all the purchase decisions drivers need to make on the road, their financial...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Shares of The Goldman Sachs Group Inc. (NYSE: GS) traded today at $420.76, eclipsing its 52-week high. So far today approximately 971,000...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Shares of Morgan Stanley (NYSE: MS) traded at a new 52-week high today of $105.65. This new high was reached on below-average trading...

The numbers coming out of the transportation segment at Canada's BMO bank show an industry whose financial position is as strong as it has been in years.  BMO (NYSE: BMO), the former Bank of Montreal, purchased the transportation operations of GE Capital's transportation finance business in 2015....

Upstart Holdings Inc (NASDAQ: UPST) provided some 170,000 loans in the first quarter for borrowers and eye-popping gains for investors in 2021. Since January 2021, Upstart stock's return has outperformed the world’s largest multinational banks and financial services companies:...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The total value locked in DeFi protocols has skyrocketed to $53.7 billion from just $2.5 billion a year ago. Most of this growth has been...