banks

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...

The third Monday of February is ‘Presidents’ Day’ in the U.S. It is a federal holiday observed in the country as most banks and government offices along with NYSE and Nasdaq remain closed. What Happened: Presidents Day, honors two of America’s most influential leaders,...

Wall Street banks are unfazed by the administration’s tariff policy and are hopeful that the White House’s legislative agenda will benefit them, according to Bank of America analyst Ebrahim H. Poonawala. The Banking Analyst: In a note published Thursday, Poonawala noted how optimistic...

Large U.S. banks rallied to fresh record highs on Wednesday as investors cheered on stronger-than-expected fourth-quarter earnings, driven by resilient lending income, cost-cutting efforts and a rebound in corporate deal-making sending. The Financials Select Sector SPDR Fund (NYSE:XLF) — a widely...

U.S. Bancorp (NYSE:USB) shares are trading lower Tuesday potentially following the announcement of a leadership transition. What To Know: Current President Gunjan Kedia will assume the role of CEO after the company's annual shareholder meeting on April 15, succeeding Chairman and CEO Andy Cecere,...

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon indicated that the largest bank in the U.S. "probably would" provide banking services to marijuana businesses if/when federal laws permit. Dimon’s comments, made during a recent episode of the firm’s podcast, will likely spark optimism within...

President Donald Trump confronted Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan and JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon on Thursday at the World Economic Forum, alleging discrimination against conservative clients. Trump, addressing the audience via video conference, accused...

Discovery Financial Services (NYSE:DFS) comfortably beat market expectations in its fourth quarter earnings report. What Happened: The digital banking and payment services provider achieved a 41% growth in net income year over year. "Despite a modest slowdown in US card sales, overall network...

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...

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates,...

US Bancorp (NYSE:USB) reported mixed results for the fourth quarter. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. DA Davidson On US Bancorp Analyst Peter Winter maintained a Buy rating and a price target of $60. US Bancorp...

JPMorgan Chase & Co (NYSE:JPM) reported strong fourth-quarter results, along with solid results by other US big banks. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs On JPMorgan Chase Analyst Richard Ramsden...

Wells Fargo & Co's (NYSE:WFC) fourth-quarter results sent banking stocks surging on Wednesday. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. Keefe, Bruyette & Woods On Wells Fargo Analyst David Konrad maintained a Market...

As Bank of America Corp (NYSE:BAC) and Morgan Stanley (NYSE:MS) prepare to report fourth-quarter earnings Thursday morning, Wall Street is watching. With both stocks riding high after a strong year, it's a showdown between Main Street lending and Wall Street dealmaking. The Bullish Case For Bank of...

Major U.S. banks reported strong fourth-quarter 2024 earnings on Wednesday, with better-than-expected results across the board and upbeat 2025 guidance. The performance was driven by robust net interest income (NII), resilient fee revenue, and disciplined expense management. These positive...