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Indecision Hits Morgan Stanley Stock After Bank's Q1 Print
Friday, April 16, 2021 - 12:06pm | 599Read More...Morgan Stanley (NYSE: MS) reported earnings Friday morning, concluding week one of the first-quarter season. Like its five competitors, Bank Of America Corporation (NYSE: BAC), Citigroup Inc (NYSE: C), Goldman Sachs Group Inc (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo &...
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Goldman Sachs, JPMorgan, Wells Fargo Kick Off Bullish Start To Bank Earnings: What Technical Traders Need To Know
Wednesday, April 14, 2021 - 3:19pm | 859Read More...Three big banks kicked off earnings season Wednesday morning with Goldman Sachs Group Inc (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) reporting strong first-quarter 2021 results. The banking sector had been in a strong uptrend that started in November...
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Credit Suisse Rearranges C-Suite Following Back-To-Back Catastrophes
Tuesday, April 6, 2021 - 9:11am | 637Read More...Credit Suisse Group AG (NYSE: AG) has announced a shake-up of its upper executive level following the consecutive disasters it absorbed from the collapse of the Archegos Capital Management hedge fund and the freezing of $10 billion in investment funds connected to Greensill Capital, a failed...
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Here's How Much Investing $1,000 In Goldman Sachs Stock 5 Years Ago Would Be Worth Today
Tuesday, January 19, 2021 - 9:14am | 461Read More...Investors who owned stocks since 2016 generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the last five years is 120.4%. But there’s no question some big-name stocks didn’t keep pace along the way. Goldman’s Struggle: One market laggard...
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Will Bank Of America Beat Earnings Estimates Next Week?
Friday, January 15, 2021 - 5:07pm | 385Read More...Bank of America’s (NYSE: BAC) stock has been surging, with more than 18% in gains in just the last month. Yet this does not guarantee that Bank of America or other banking companies will report positive earnings reports. Bank of America is set to report before the open Tuesday, Jan. 19....
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Barclays Is Bullish On Bank Stocks, Upgrades Goldman Sachs, Morgan Stanley
Monday, January 4, 2021 - 4:08pm | 496Read More...Bank stocks finished strong in 2020 on optimism surrounding an economic rebound in 2021 and the resumption of buybacks starting in the first quarter. On Monday, one investment bank analyst team said banks are set for tremendous earnings growth in 2021 and beyond. The Bank Analyst: Barclays analyst...
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Fed Decision Could Bring Bank Stocks Into Bull Market
Saturday, December 19, 2020 - 10:02am | 401Read More...Traders waiting for a better moment to get into bank stocks may have gotten one. What Happened: The U.S. Federal Reserve Board released a statement after markets closed on Friday that clears the way for major banks to restart share repurchases. The decision was part of the Fed's stress-testing...
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Morgan Stanley Bullish On Many Banks, But Downgrades Bank Of America, JPMorgan, Goldman Sachs
Monday, November 30, 2020 - 12:43pm | 695Read More...Morgan Stanley is overall bullish on bank stocks in 2021, but downgraded three of the largest Monday. The Analyst: Morgan Stanley analyst Betsy Graseck issued the following ratings changes among large-cap banks and consumer finance stocks: Synchrony Financial (NYSE: SYF) upgraded from...
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HSBC Mulls Exiting US Retail Banking Operations: Report
Monday, November 30, 2020 - 2:29am | 375Read More...HSBC Holdings plc (NYSE: HSBC) is considering a complete exit from retail banking operations in the U.S., the Financial Times reports. Senior management is expected to present a plan to the board in the coming weeks. What Happened: London-based HSBC has been a full-service...
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Bank Of America Option Trader Makes $2.6M Bet The Stock Is Headed Lower By January
Wednesday, November 25, 2020 - 4:39pm | 540Read More...Bank of America Corp (NYSE: BAC) shares are up 23.7% in the last six months, but at least one larger option trader is betting the Bank of America rally will be running out of steam in coming weeks. The Bank of America Trade: On Wednesday morning, Benzinga Pro subscribers received an option alert...
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Will Bank Of America Or Wells Fargo Stock Grow More By 2025?
Monday, November 23, 2020 - 9:50am | 612Read More...Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about as they manage and build their personal portfolios. We surveyed a group of over 300 Benzinga readers on whether shares of Bank of America (NYSE: BAC) or Wells Fargo (NYSE: WFC) stock would grow the most...
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How Bank Of America Has Become One Of Warren Buffett's Best Investments
Thursday, November 19, 2020 - 10:10am | 733Read More...Wall Street legend Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) filed its 13F form this week, revealing that Buffett has continued to reduce his exposure to a number of large U.S. banks. The lone exception to Buffett’s bank selling in the third quarter was...
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Goldman Plans Second Round Of Job Cuts In 3 Months: Report
Wednesday, November 18, 2020 - 3:17am | 363Read More...Goldman Sachs Group Inc (NYSE: GS) is planning another round of layoffs, people familiar with the matter told Bloomberg. The bank has been letting employees go as are part of its plan for $1.3 billion cost control measures within a three-year period, as announced in January this...
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JPMorgan One Step Closer To Fully Owning China Securities Venture
Monday, November 2, 2020 - 1:45am | 372Read More...JPMorgan Chase & Co (NYSE: JPM) now controls 71% of its Chinese securities joint venture after it bought a 20% stake from a local partner, Reuters reported Sunday. What Happened: The stake in the securities JV was put on sale by state-owned Shanghai Waigaoqiao FTZ, according to a filing made...
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Why HSBC Shares Are Trading Higher In Tuesday's Pre-Market Session
Tuesday, October 27, 2020 - 4:34am | 422Read More...HSBC Holdings Plc (NYSE: HSBC) shares surged in the pre-market session Tuesday as the bank beat analyst estimates for the third-quarter earnings. Q3 revenue dropped to $11.9 billion marking an 11% decrease year-over-year. Cumulative revenues for the first three quarters were 9.5% lower...
