banking

The Federal Reserve announced on Friday that all 22 of the nation’s largest banks successfully passed its 2025 stress test, maintaining adequate capital buffers even under a hypothetical recession scenario. However, analysts noted that this year’s exam was less demanding than previous...

The April U.S. employment report brought a welcome economic balancing act. Nonfarm payrolls increased by 177,000, beating comfortably the 130,000 forecast by economists and almost doubling the 90,000 predicted by Kalshi betting markets. Average hourly earnings, however, slowed to 0.2% month-over-...

Capital One Financial Corp. (NYSE:COF) released its first-quarter results after Tuesday's closing bell. Here's a look at the details from the report.  The Details: Capital One reported quarterly earnings of $4.06 per share, which beat the analyst consensus estimate of $3.69. Quarterly revenue...

Bank of America Corp (NYSE:BAC) traded higher by 3.79% to $38.32 at market close Tuesday, rebounding alongside broader markets following Monday's sharp sell-off. Investor sentiment improved as potential easing of geopolitical concerns helped lift major indices. The S&P 500 gained over 100...

Citigroup Inc (NYSE:C) wrongly credited a client’s account with $81 trillion instead of remitting only $280. Two officials failed to detect the wrong internal transfer last April, though a third employee detected the problem 90 minutes after the erroneous posting. Citigroup reversed the...

Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan has signaled the financial services industry’s imminent entry into the crypto economy, highlighting the potential for stablecoins to become a significant part of the banking landscape. What Happened: In an interview with David Rubenstein at...

Capital One Financial Corp. (NYSE:COF) is set to report its fourth-quarter financial results after Tuesday's closing bell. Here's a look at what investors will be watching when the financial services company reports.  What To Know: Wall Street will be interested in the performance of Capital One...

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...

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...

First Citizens Bancshares Inc (NASDAQ:FCNCA) shares have climbed more than 50% year to date. The company is one of the "biggest potential winners" after the U.S. presidential elections, according to Deutsche Bank. Analyst Bernard von-Gizycki initiated coverage of First Citizens Bancshares with a...

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....

Visa Inc. (NYSE:V) reported its fourth-quarter results after Tuesday's closing bell. Here's a look at the details from the report.   The Details: Visa reported quarterly earnings of $2.71 per share, which beat the analyst consensus estimate of $2.58. Quarterly revenue came in at $9.6 billion which...

Western Alliance Bancorporation (NYSE:WAL) shares are trading lower after the company reported its third-quarter financial results after Thursday's closing bell. Here's a look at the details from the report.  The Details: Western Alliance reported quarterly earnings of $1.80 per share, which missed...

JPMorgan Chase & Co. (NYSE:JPM) is launching a new initiative, called J.P. Morgan Private Client, to attract and serve affluent clients.   What Happened: The nation's largest bank is introducing a new tier of service called J.P. Morgan Private Client, designed for customers with over $750,000...