Banking Stocks

Citigroup Inc. (NYSE:C) is in the midst of a sweeping reorganization plan. What Happened: The New York-based investment bank is expected to cut approximately 10% of its senior staff. The move is part of an internal project known as Project Bora Bora and is reportedly far from its conclusion. The...

Analysts at Bank of America saw a buying opportunity in U.S. bank stocks, as the peak in interest rates could resolve many of the current issues for the sector. In a note published on Monday by a team of analysts, including Ebrahim H. Poonawala and Brandon Berman, Bank of America revealed that...

Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) and Charles Schwab Corp. (NYSE:SCHW) are expected to announce second-quarter financial results Tuesday. This follows the recent earnings reports of JP Morgan Chase & Co. (NYSE:JPM), Wells Fargo Company (NYSE:WFC), BlackRock Inc. (NYSE:BLK),...

Wells Fargo & Co (NYSE:WFC) on Friday issued upbeat second-quarter earnings, topping Street estimates on both top and bottom lines. Here's what investors need to know. By The Numbers: The San Francisco-based bank issued earnings of $1.25 per share, ahead of the $1.15 estimate, on revenues of $...

The Financial Select Sector SPDR Fund (NYSE:XLF), an exchange-traded fund that provides exposure to a wide range of financial companies in the U.S., on Friday reached its highest level since March 7, 2023. This represented a complete recovery from the selloff caused by the collapse of Silicon...

In a speech delivered on Monday at the Bipartisan Policy Center in Washington, D.C., the Federal Reserve Vice Chair for Supervision Michael Barr announced plans to enhance the financial cushions for larger banks in order to bolster the resilience of the banking system following a series of bank...

The aftermath of the Silicon Valley Bank (SVB) collapse has been anything but peaceful for startups, tech companies and regulatory bodies alike. The swift downfall of SVB, which went from solvent to insolvent within a span of two days in March, sent ripples across the banking and tech sectors....

Regional banks are among the most beaten-down sub-industries at the moment, as those stocks remain mired at the bottom of the pack. However, plenty of investors make the mistake of missing rallies because they're anchored to the idea that specific sectors, or even the market as a whole, remain...

Market commentator Jim Cramer reportedly said the mayhem in bank stocks may feel like a looming "train wreck" for Wall Street, but as long as the debt ceiling crisis is taken care of, it won't destroy the market. What Happened: "I believe we'll have more mayhem like we saw the last time this...

PacWest Bancorp (NASDAQ: PACW) shares are facing heavy selling pressure after the close on Wednesday following reports the bank is weighing options, including a potential sale.  What Happened: According to a Bloomberg report citing people familiar with the matter, PacWest has...

First Republic Bank's (NYSE:FRC) fate appears to have been sealed, and rumors suggest the regional bank will be taken over by the government following which there will be potential suitors for its assets. What Happened: First Republic stock went about a freefall on Friday, dropping 43.3%...

New York's chief banking regulator, Superintendent Adrienne Harris, refuted the claim that Signature Capital Corp.'s (NYSE: SI)(Signature Bank) failure was due to its involvement in the cryptocurrency sector during her appearance before a U.S. Congressional committee on Wednesday...

Bank of America Corp (NYSE: BAC) reported upbeat results for the first quarter, a solid start to the earnings season by banking majors. RBC Capital Markets On Bank of America Analyst Gerard Cassidy maintained an Outperform rating while raising the price target from $34 to $35. Bank of America...

Goldman Sachs Group Inc (NYSE: GS) reported mixed results for the first quarter, amid a solid start to the earnings season by banking majors. RBC Capital Markets On Goldman Sachs Analyst Gerard Cassidy maintained a Sector Perform rating while raising the price target from $339 to $375. “...

UBS Group AG's (NYSE: UBS) takeover of Credit Suisse Group AG (NYSE: CBS) has done nothing to alleviate market concerns about the banking sector, and it continues to throw a shadow over the rights of credit institution shareholders and bondholders. On Sunday, the Swiss government used its...