banks

The Federal Reserve revoked its guidance for banks that required them to inform the regulator before engaging in any cryptocurrency-related activity on Thursday. What Happened: The Fed retracted its 2022 supervisory letter that mandated banks to notify in advance about their ...

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...

Zions Bancorp (NASDAQ:ZION) and Western Alliance Bancorp (NYSE:WAL) shares are trading lower in Monday’s after-hours session after the pair of regional banks reported financial results for the first quarter. Here’s a look at the headline numbers and key commentary from the reports. ZION...

When Chinese AI lab Deepseek released a state-of-the-art large language model for free, it marked a turning point in enterprise AI strategy — especially for financial institutions. The move underscored a broader shift: the emergence of open-source AI as a serious contender to proprietary offerings...

U.S. Bancorp (NYSE:USB) reported first-quarter earnings per share of $1.03 on Wednesday, which beat the analyst consensus estimate of 98 cents. The parent company of U.S. Bank reported quarterly revenues of $6.95 billion. It outpaced the analyst consensus estimate of $6.91 billion. Adjusted Net...

Bank of America Corp. (NYSE:BAC) released better-than-expected quarterly results on Tuesday. CEO Brian Moynihan said trade tensions and tariff-related turbulence did not affect the company's performance or American consumers in the first quarter.  What To Know: In prepared remarks released with the...

Morgan Stanley (NYSE:MS) reported a first-quarter 2025 EPS of $2.60, up from $2.02 a year ago, beating the consensus of $2.21. Net earnings increased to $4.16 billion from $3.14 billion. The U.S. bank reported first-quarter revenue of $17.74 billion, up 17% year over year, beating the...

Wall Street kicked off the week with a rally in financial stocks, fueled by upbeat bank earnings and renewed risk appetite following Donald Trump's surprise decision to exempt new tariffs on critical tech products from China. The Financial Select Sector SPDR Fund (NYSE:XLF) climbed 1.6% to $47.42...

Bank of America Corporation (NYSE:BAC) will release its first-quarter financial results before the opening bell on Tuesday, April 15. Analysts expect the bank to report quarterly earnings at 82 cents per share, up from 76 cents per share in the year-ago period. Bank of America projects quarterly...

Bank shares such as Ameris Bancorp inc. (NYSE:ABCB) and BancFirst Corp (NASDAQ:BANF) are trading higher on Wednesday in response to a surprise announcement from President Donald Trump to temporarily pause certain tariffs. What To Know: The broad-based rally followed Trump's declaration of a 90-day...

On April 11, some of the biggest U.S. banks will conduct earnings calls, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), and The Bank of New York Mellon Corporation (NYSE:BK). BofA Securities writes that banks will “likely strike...

Jamie Dimon serves as the CEO of JPMorgan Chase (NYSE:JPM), one of the largest banks in the world. Dimon has served in the role since 2006. Here's a look at how much investors could have made investing in the bank during his tenure. What Happened: Dimon became the CEO of JPMorgan Chase, a move that...

Editor’s Note: This article has been updated to include a statement from Zelle. The Consumer Financial Protection Bureau dropped its lawsuit against JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Co (NYSE:WFC) and Bank of America Corp (NYSE:BAC) on Tuesday concerning the banks’...

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...