bank

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two and a half years. But there was no question some big-name stocks performed better than others since the pandemic bottom. JPMorgan's Bumpy Ride: One company that has...

Wells Fargo & Co. (NYSE: WFC) and authorities struck a $3.7 billion settlement in order for the company to address claims that its conduct affected nearly 16 million customers, What Happened: A $1.7 billion fine and more than $2 billion in consumer compensation are part of the agreement...

Citigroup Inc. (NYSE: C) announced on July 15 strong second-quarter earnings, sending the stock up around 11%. Along with reporting strong earnings, CEO Jane Fraser and CFO Mark Mason announced tactics that will be used to protect the bank from a possible recession....

India’s Paytm Payments Bank said it expects the central bank to allow it to start taking on new customers in the next few months and would comply with all the audit requirements to remove the regulatory curbs imposed on it. What Happened: Earlier in March, the Reserve Bank of India barred the...

Startling revelations from a Credit Suisse Group AG (NYSE: CS) whistleblower has exposed the hidden wealth of the bank’s clients, some of them unsavory.  The leaked data from Credit Suisse, Switzerland’s second-biggest bank, discloses details on more than 30,000 clients. ...

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...

Bank Of America Corp (NYSE: BAC) shares are trading higher after Federal Reserve officials signaled Wednesday they are prepared to raise interest rates at least three times next year in response to rising inflation. The rising rates can increase bank profits by a large margin and are causing...

Earnings season kicks off this week and many of the big banks are set to report quarterly financial results.  Earnings will probably be better-than-expected, but the outlook for net interest income is likely to be guided down, Morgan Stanley analyst Betsy Graseck said Monday on CNBC...

PNC Financial Services Group Inc (NYSE: PNC) was featured as the call of the day Friday on CNBC's "Fast Money Halftime Report." What Happened: Wolfe Research analyst Bill Carcache double upgraded PNC from Underperform to Outperform and raised the price...

Wells Fargo & Co (NYSE: WFC) shares are trading at a level which fully discounts the bank's regulatory problems stemming from a cease-and-desist order from the Federal Reserve, according to RBC Capital Markets. The Fed's action in early 2018 forced the bank to improve its internal...

Pacific City Financial Corp (NASDAQ: PCB), a U.S.-based Korean-American bank, boasts solid fundamentals, according to a bullish Raymond James analyst. The Analyst Analyst Donald Worthington initiated coverage of Pacific City with an Outperform rating and $22 price target, suggesting roughly...

Analysts at Piper Jaffray turned bullish on IBERIABANK Corp (NASDAQ: IBKC), a $4 billion bank with hundreds of offices in 10 states mostly throughout the Southern U.S. The firm's Peyton Green upgraded Iberiabank's stock rating from Neutral to Overweight with a newly established $89 price target....

There are two sides to every coin. Even as import-dependent corporations are vociferously opposing President Donald Trump's proposal to impose a border tax, a few others have quietly formed an alliance, seconding the president's proposals. United By Trump's Border Tax A Reuters report published...