banks

As Bank of America Corp (NYSE:BAC) and Morgan Stanley (NYSE:MS) prepare to report fourth-quarter earnings Thursday morning, Wall Street is watching. With both stocks riding high after a strong year, it's a showdown between Main Street lending and Wall Street dealmaking. The Bullish Case For Bank of...

Major U.S. banks reported strong fourth-quarter 2024 earnings on Wednesday, with better-than-expected results across the board and upbeat 2025 guidance. The performance was driven by robust net interest income (NII), resilient fee revenue, and disciplined expense management. These positive...

U.S. Bancorp (NYSE:USB) will release its fourth-quarter financial results before the opening bell on Thursday, Jan. 16. Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.05 per share, up from 49 cents per share in the year-ago period. U.S. Bancorp projects...

As both JPMorgan Chase & Co (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) prepare to release their fourth quarter earnings on Wednesday before the market opens, the spotlight's on their technicals. Investors are betting big on both, but only one can come out on top when the numbers drop. Let'...

Banks reporting fourth-quarter earnings on Wednesday will take center stage, with investors watching closely for insights on the health of the U.S. economy. Traditionally seen as a barometer for broader economic performance, strong results from banks could set a positive tone for other sectors and...

Analysts at Truist Securities initiated coverage on 24 large-cap, regional, and trust banks, as well as credit card companies. They anticipate strong earnings growth over the next two years, projecting an annual increase of 12-15% fueled by factors like improving loan growth, a steeper yield curve...

A stronger lending environment, stable credit and renewed confidence in valuations could set the stage for a multiyear rally on U.S. regional banks, with some analysts predicting up to 20% upside in 2025. Three major investment banks — JPMorgan Chase & Co., Bank of America and Goldman Sachs —...

Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) became today the latest banks to end association with the climate alliance for banks. Goldman Sachs Group, Inc (NYSE:GS) and Wells Fargo & Co (NYSE:WFC) already exited from Net-Zero Banking Alliance, the Financial Times reports. The...

Regional bank stocks have been on a tear since the 2024 U.S. election, with the SPDR S&P Regional Banking ETF (NYSE:KRE) climbing about 10% versus the broader S&P 500’s 5% gain. Despite this already strong outperformance, JPMorgan analysts, led by Anthony Elian, CFA, see more upside...

Overdraft issuers including American Credit Unions, Consumer Bankers Association, American Bankers Association, and the Mississippi Bankers Association, have jointly filed a lawsuit challenging the Consumer Financial Protection Bureau‘s new decision. What Happened: The U.S. watchdog agency...

JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon sees a future in which AI benefits nearly all aspects of people’s lives and even allows individuals to live longer. What To Know: In a CNBC interview at JPMorgan's Global High Yield & Leveraged Finance ...

Major U.S. indices declined to close lower on Wednesday as the markets headed into the Thanksgiving holiday. Banks, post offices, shipping services, stock markets and all the other over-the-counter markets like bond markets will be closed on Thursday. What Happened: Despite the holiday, Dow Jones...

With Republicans taking control of Congress, Wall Street is buzzing about a potential boom in mergers and acquisitions (M&A) under the upcoming Trump administration. Bank of America analysts see brighter days ahead for deal-making, anticipating that Trump could remove Federal Trade Commission...

Nu Holdings Ltd. (NYSE:NU) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report.  The Details: Nu Holdings reported quarterly earnings of 11 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $2....

Prominent macro hedge fund manager Scott Bessent is emerging as the frontrunner for Treasury Secretary in President-elect Donald Trump's administration. According to betting markets, Bessent has surged well ahead of other contenders, positioning him as a top pick for the critical role at the...