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What FinCen Files Leak Is All About
Sunday, September 20, 2020 - 11:55pm | 436Read More...Scrutiny of leaked Suspicious Activity Reports (SARs) filed with the United States Department of Treasury revealed that many financial entities could have aided money launderers and criminals. The report unearthed and published by BuzzFeed claims that in almost two decades between 1999 to 2017...
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What Oppenheimer Learned From Banks' Earnings Season
Wednesday, August 17, 2016 - 2:55pm | 349Read More...Earnings season for the financial institution space has come and gone. According to Oppenheimer's Ben Chittenden, the "fundamental backdrop for profitability remains under pressure," and a sustained rate hike cycle is needed to "truly change the direction of profitability." Chittenden noted that...
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Jim Cramer On Financials: 'This Is Day One Of The Rally'
Wednesday, May 25, 2016 - 2:30pm | 314Read More...Financial stocks were trading mostly higher on Wednesday with the Financial Select Sector SPDR Fund (NYSE: XLF) outperforming the broader indices. According to CNBC's Jim Cramer, investors are banking on the likelihood that the Federal Reserve will hike interest rates at least twice throughout the...
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Jamie Dimon Talks Politics, Says 'Scapegoating, Finger-Pointing And Yelling Doesn't Work'
Wednesday, May 11, 2016 - 11:27am | 208Read More...JPMorgan Chase & Co. (NYSE: JPM)'s Chairman and CEO Jamie Dimon was a guest on Wednesday's edition of CNBC's "Squawk Box" to discuss the U.S. election and what a potential President DOnald Trump or Hillary Clinton would mean for the economy. According to Dimon, the...
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Government $117B Tax Should Not Discourage Investments Into Banking Stocks
Friday, January 15, 2010 - 9:29am | 170Read More...Analysts at RBC Capital Markets believe that “investors should not be distracted” by the Obama Administration’s plans to levy a $117 billion tax on the 50 biggest financial companies. The Obama Administration called this the "financial crisis responsibility fee," which will total $90 billion over...
