bank stocks

Banking and credit card company Discover Financial Services (NYSE:DFS) reported first-quarter financial results after market close Wednesday. Here are the key highlights. What Happened: Discover Financial reported first-quarter revenue of $4.21 billion, net of interest expense, which was up 13%...

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

Shares of major U.S. financial stocks, as represented by the Financial Select Sector SPDR Fund (NYSE:XLF), surged to record highs, in the wake of the March Federal Open Market Committee (FOMC) meeting. This rally was fueled by anticipations of stronger economic growth and a reduction in borrowing...

The trading activity of stocks and options by members of Congress continues to be highly scrutinized as potential conflicts of interest are highlighted. A prominent senator recently disclosed several stock transactions, which are drawing attention on social media. What Happened: No stranger to...

Regional banking company New York Community Bancorp (NYSE:NYCB) has been increasingly volatile after announcing a new $1 billion equity infusion from investors and changes to its management. Analysts size up the changes and what a recent company update means for the stock going forward. The New...

Regional banking company New York Community Bancorp (NYSE:NYCB) announced an equity investment of over $1 billion from investors on Wednesday and a change to the company's management team. Analysts are sizing up what the changes mean for the short-term and future of the regional banking company....

The leader of one of the largest banking companies has sold off a portion of their shares, following through on an earlier announcement from October. What Happened: Longtime JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon sold shares of the stock as part of a prearrange Rule 10b5-1 plan, which can link...

JPMorgan Chase & Co (NYSE:JPM) stock recorded a new 52-week high of $173.35 on Jan. 4. The stock was up 25% over the past year, which was achieved during the past two months. With both macro and business-specific trends in its favor, JPMorgan appears positioned to head further north in 2024....

In a move that reflects a broader reassessment of its consumer lending efforts, Goldman Sachs Group Inc. (NYSE:GS) is preparing to offload its General Motors (NYSE:GM) credit card program. The sale process is expected to be supervised by General Motors itself. What Happened: Goldman Sachs’...

A filing by JPMorgan Chase & Co (NYSE:JPM) CEO and Chairman Jamie Dimon is being digested by investors on Friday. This follows several cautionary statements Dimon has made about the U.S. economy. What Happened: Dimon became the CEO of JPMorgan Chase on Jan. 1, 2006 and has led the largest...

Rising interest rates and the collapse of Silicon Valley Bank caused bank stocks to plummet earlier this year as financial institutions grappled with the consequences of the global credit crunch.  But as the Federal Reserve gradually assuages its hawkish policies, banking institutions have...

Piper Sandler analyst R. Scott Siefers downgraded Midwest banks Regions Financial Corp (NYSE: RF) and Citizens Financial Group Inc (NYSE: CFG) to Neutral from Overweight. The analyst cut the price target at Regions Financial to $15 from $17. The analyst...

David Solomon, the Chief Executive Officer of Goldman Sachs (NYSE:GS), has reportedly chosen to step back from DJing at high-profile events. Solomon’s secondary career as a DJ had come under fire for allegedly diverting his attention from his primary role at Goldman Sachs. What Happened: The...

Goldman Sachs Group Inc. (NYSE:GS) is seemingly reversing its stance on consumer lending, contemplating the sale of certain portions of its portfolio, which includes the Apple credit card and other Apple Inc (NASDAQ:AAPL) products, along with the General Motors credit card. What Happened: As...

U.S. financial institutions kicked off earnings season on a robust note, surpassing analysts’ expectations for their third-quarter earnings per share. JP Morgan Chase & Co. (NYSE:JPM) announced earnings per share (EPS) of $4.33, surpassing the consensus estimate of $3.96. Additionally,...