banks

By Dave Donovan After revolutionizing equity trading for the masses, Robinhood now announced the launch of crypto wallets, signaling its entrance to the next financial revolution. More than 2 million people have been on the app’s waiting list for such a feature since last year. That’s...

One of Germany's top banking institutions, Commerzbank (OTC: CRZBF), confirmed it did indeed apply for a local cryptocurrency license earlier in 2022 so it could legally offer services for people interested in cryptocurrencies such as Bitcoin (CRYPTO: BTC). What...

Despite the prospect of rising interest rates, the financial sector has been under extreme selling pressure since early January. It's been a mixed bag for first-quarter earnings for the big banks so far, with assorted beats and misses and inconsistent price action. Bank Of America (...

The Q1 earnings season is officially underway, with the major US banks reporting on their performance in the three months to the end of March. Source: Earnings Calendar Benzinga Pro (14-day free trial) U.S. Bancorp U.S. Bancorp (NYSE: USB) reported Q1 EPS of 99c, compared with $1.45 per share in...

The Federal Reserve faces the daunting task of cooling the hottest inflation numbers in nearly 40 years.  In an annual letter to shareholders, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon warned of the treacherous journey ahead for the Fed and what it could mean for...

The rise of fintech has not been lost on the banking community. In his latest annual report released Monday, JPMorgan Chase & Co. (NYSE: JPM) Chairman and CEO Jamie Dimon said he now sees banks having a “decreasing role in the global economy.” What Happened: While Dimon said...

Besides the upward or downward momentum in the broad market, certain catalysts may influence the price action in an issue. On some occasions, there can be two distinct positive catalysts on the company with no corresponding rise in an issue’s share price. This scenario applies to Bank Of...

The Financial Select Sector SPDR Fund (ARCA: XLF) was featured as the call of the day Tuesday on CNBC's "Fast Money Halftime Report." What Happened: BofA told clients to buy the financials in a new note on Tuesday. The analyst firm highlighted the correlation...

Russia's unilateral aggression in Ukraine has drawn the ire of people from all quarters. Condemning the action, Western nations have imposed sanctions against Russia, and several high-profile companies have ceased operating in the country in protest.  Big banks were ...

The administration of Canadian Prime Minister Justin Trudeau has instructed the nation’s banks to unlock financial accounts belonging to individuals who participated in the so-called Freedom Convoy of truckers whose protest against vaccine mandates brought the nation’s capital city of...

While the S&P 500 index futures were retreating off Tuesday’s open, one sector was going in the opposite direction: banking. One issue that has revisited its multiyear highs is Bank of America Corp (NYSE: BAC),  the PreMarket Prep Stock of the Day. BofA Punished After Q4 Report...

Customers ought to be at the center of a company’s focus. At least that’s the case at JPMorgan Chase & Co (NYSE: JPM), according to Chase Bank Chief Product Officer Rohan Amin. “Our Product, Data, Design and Technology teams work hand-in-hand to build beautiful...

Stock investors are braced for what could be another volatile week as the Q4 earnings season heats up. Banks’ earnings Big Wall Street banks are in the spotlight right out of the gate with Goldman Sachs (NYSE: GS) set to release results before markets open. They will be followed by Bank...

Bank of America Corporation (NYSE: BAC) and Wells Fargo & Company (NYSE: WFC)) have both formed long-term bullish chart patterns that could send each stock into an extended all-time high run. Both Bank of America and Wells Fargo are trading in strong uptrends on the weekly chart and on...

Recent meetings with KeyCorp’s (NYSE: KEY) CEO Chris Gorman and CFO Don Kimble highlighted the company’s significant and differentiated growth potential, according to BofA Securities. The KeyCorp Analyst: Ebrahim Poonawala upgraded the rating for KeyCorp from...