Market ended in the red on Thursday after investors lost their appetite for stocks following heightened speculations of a December rate hike by the Fed.
Markets closed mostly higher on Wednesday after the Federal Reserve announced trimming of its balance sheet from October.
The sector is a major beneficiary of a rising-interest-rates environment.
NEW YORK, NY / ACCESSWIRE / September 21, 2017 / Bank of America and Citigroup were among many bank stocks to see gains yesterday after announcements from the Federal Reserve. Other banks to see gains...
The sector is a major beneficiary of a rising-interest-rates environment.
Fed is set to press the button to unwind quantitative easing, which in turn is driving Treasury yields.
JPMorgan (JPM) announces a dividend hike of 12% as part of its 2017 capital plan.
Fit Pay, Inc., a wholly-owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD) and a provider of payment, credential management and authentication platform services, today announced that it is providing payment...
NEW YORK, NY / ACCESSWIRE / September 19, 2017 / U.S. markets reached record highs Monday as financial stocks rallied with the latest Federal Reserve meeting on the horizon. The Dow Jones Industrial Average...
Morgan Stanley (MS) is planning to handle the initial steps in mortgage lending on its own to improve originations.
Rate hike is unlikely, but banks will benefit from a favorable yield curve if the Fed decides to repurchase short-term assets.
S&P Dow Jones Indices ("S&P DJI") today announced preliminary results indicating that S&P 500® stock buybacks, or share repurchases, totaled $120.1 billion for Q2 2017. This is a 9.8% decrease from the...
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Goldman Sachs Group, Citigroup and Wells Fargo
Today, Bank of America released "Banking on a Low-Carbon Economy: The Economic Impacts of Bank of America's $125 Billion Environmental Business Initiative." The report, based on analysis...
Investors' optimism reinstated on rising Treasury yields and lesser-than-expected losses from hurricanes, Harvey and Irma.
InvestorsObserver issues critical PriceWatch Alerts for BAC, FDC, NVDA, SQ, and TRU.
Though banks' Q3 earnings will likely hit by weak trading activities, a rising rate environment, upswing in investment banking fees and better mortgage business might lend support.
BofA's ratings have been placed under review for upgrade by Moody's, reflecting improving profitability.
Big banks, including JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Goldman Sachs Group (GS), project trading revenues to decline in Q3, impacted by subdued volatility in equity and bond...
