banks

Challenger banks are continuing to disrupt the competitive landscape in the financial services sector. They are small retail banks that have been set up with the intention of competing for business from large, long-established national banks. In the United Kingdom, challenger banks like Monzo...

U.S. President Donald Trump wrote in a series of Tweets Thursday evening cryptocurrencies are not real money and an unregulated crypto marketplace will "facilitate unlawful behavior." What Happened Trump said he's "not a fan of Bitcoin and other Cryptocurrencies." The...

Banking giant JPMorgan Chase & Co. (NYSE: JPM) is ready to release its new robo-adviser platform after a year of testing, according to CNBC. What Happened JPMorgan's new digital investing service, You Invest Portfolios, makes use of algorithms to select investment options tailored to...

A disproportionate number of the best-performing community banks hail from the Mid-Atlantic region, according to data from OTC Markets Group. Of April's 12 best-performing securities on the OTCQX Banks Index, which tracks the performance of financial institutions trading on the OTC Markets...

Citigroup Inc (NYSE: C) is betting big the future of banking is digital, and consumers appear to agree with the strategy, according to The Wall Street Journal. Citigroup is shrinking its physical footprint and focusing on offering a complete digital banking experience, WSJ said. The focus...

Hancock Whitney Bank parent company Hancock Whitney Corp (NASDAQ: HWC) and MidSouth Bancorp, Inc. (NYSE: MSL), the parent company of MidSouth Bank, announced a merger agreement Tuesday for MidSouth to merge into Hancock Whitney.   What Happened The stock...

First Citizens BancShares Inc. (NASDAQ: FCNCA) and Entegra Financial Corp (NASDAQ: ENFC) announced the signing of a definitive merger agreement Wednesday.  What Happened Raleigh, North Carolina-based First Citizens will buy Franklin, North Carolina-based Entegra for $30.18 per share for a...

Bank Ozk (NASDAQ: OZK) reported first-quarter results April 17 that show a "relatively solid start" to 2019, highlighted by better-than-expected loan growth and net interest income, according to Raymond James. The Analyst Michael Rose maintains a Market Perform rating on Bank...

Comerica Incorporated (NYSE: CMA) reported first-quarter EPS of $2.11 Tuesday, beating the consensus estimate of $1.93. The quarter was noisy; the earnings beat came on the back of a negative provision; and the forward estimates have been revised lower, according to Raymond James. The...

Bank of America Corp (NYSE: BAC) Tuesday morning reported record first-quarter results. What Happened Bank of America said it earned 70 cents per share in the quarter on revenue of $23 billion versus expectations of 68 cents per share and $23.1 billion. Net income rose 6 percent from the same...

Shares of Citigroup Inc (NYSE: C) traded marginally higher after initially dipping in the red in reaction to the big bank's mixed first-quarter results. What Happened Citi said it earned $1.87 per share in the quarter on revenue of $18.58 billion versus expectations of $1.80 per share and $18....

Earnings season for big banks continued Monday morning with Goldman Sachs Group Inc (NYSE: GS) reporting mixed first quarter results. What Happened Goldman Sachs said it earned $5.71 per share in the first quarter on revenue of $8.807 billion versus expectations of $4.89 per share and $9.04 billion...

Wells Fargo & Co (NYSE: WFC) reported Friday first-quarter results that helped boost shares for the struggling bank. What Happened Wells Fargo said it earned $1.20 per share in the first quarter on revenue of $21.6 billion versus expectations of $1.11 per share and $20.99 billion. Net income...

Shares of JPMorgan Chase & Co. (NYSE: JPM) gained more than 3 percent Friday after reporting a first-quarter earnings beat. What Happened JPMorgan said it earned $2.65 per share in the first quarter on revenue of $29.1 billion versus expectations of $2.35 per share and $28.47 billion. Net...

Rumors of a potential merger between Deutsche Bank AG (NYSE: DB) and Commerzbank have picked up steam. With or without Commerzbank, one analyst said Thursday that investors should steer clear of Deutsche Bank. The Analyst Bank of America Merrill Lynch analyst Andrew Stimpson reiterated an...