banks

ClickSWITCH CEO Cale Johnston spoke to Benzinga about his company and the role its platform for transitioning banking customers from one account to another plays in the fintech sector. The Company Started in 2014, ClickSWITCH was created to solve the problem of switching account holders’...

Regional bank Bank Ozk (NASDAQ: OZK), formerly known as Bank of the Ozarks, reported Thursday afternoon with a large third-quarter miss that initially sent shares lower by 20 percent. The Analysts Morgan Stanley's Ken Zerbe downgraded Bank Ozk from Overweight to Equal-Weight with a price...

Three bank giants reported Q3 earnings Friday morning. Here's a recap of what each bank reported. JPMorgan JPMorgan Chase & Co. (NYSE: JPM) earned $2.34 per share in Q3 on revenue of $27.8 billion. Street analysts were expecting the bank to earn $2.25 per share on revenue of $27.5 billion...

Corporate earnings have been on a roll: S&P 500 earnings are set to grow 19.2 percent year-over-year in the third quarter, marking the third-highest quarterly earnings growth since the first quarter of 2011, according to the weekly Earnings Insight report by Factset.  Given the...

Personal loan startup Avant announced today that it would spin off its lending infrastructure tech business into a new platform, Amount. The business builds consumer lending products for major banks based on the technology backbone that Avant’s lending line has already built out. “Avant...

Bank stocks, led by the Financial Select Sector SPDR Fund (NYSE: XLF), are showing signs of momentum after bottoming in late June but this begs the question: can the equities sustain their momentum near six-month highs or will they finish lower for 2018? The Experts Michael Bapis, managing director...

First Bancorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, is a buy ahead of an economic "jolt" — as the island's decade-long recession could be coming to an end, according to Bank of America Merrill Lynch.  The Analyst Analyst Ebrahim Poonawala upgraded...

Mid-cap banks are plagued by multiple issues that are hurting growth, according to Morgan Stanley. The Analyst Analyst Ken Zerbe downgraded shares of BankUnited (NYSE: BKU) from Overweight to Equal-weight and lowered the price target from $46 to $42. The Thesis The primary headwind for mid-...

The bullish case for TCF Financial Corporation (NYSE: TCF), a regional Minnesota-based bank holding company with branches in seven states, can now be made, according to Bank of America Merrill Lynch.  The Analyst BofA's Ebrahim Poonawala upgraded TCF Financial from Underperform to Buy...

Wedbush upgraded Fifth Third Bancorp (NASDAQ: FITB) and outlined its projections for the bank's growth potential in the wake of its acquisition of MB Financial (NASDAQ: MBFI). The Analyst Analyst Peter Winter upgraded Fifth Third from Neutral to Outperform and increased the price...