big banks

After Donald Trump's decisive win in the 2024 U.S. presidential election, Wall Street reacted strongly, particularly in the financial sector. The Financial Select Sector SPDR Fund (NYSE:XLF) rose 4.84%, while the Vanguard Financials Index Fund ETF (NYSE:VFH) gained 5.33% in early Wednesday trading...

As financial institutions increase their investments in blockchain technology, the impact on the broader financial industry is becoming more evident. With institutions like Citi and JPMorgan expanding their blockchain portfolios, the future of finance may see new developments, but it will also...

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon delivered a sharp critique of recent regulatory efforts on Monday, calling for banks to take a firmer stance against rules he believes are misguided. Speaking at an American Bankers Association conference, Dimon argued that overlapping...

U.S. banks are preparing to slash interest payments on corporate deposits as the Federal Reserve’s recent rate cuts take effect. Following the Fed's decision in September to lower its benchmark rate by 50 basis points, the first reduction in over four years, U.S. financial institutions are...

Bank of America Corporation (NYSE:BAC) shares are trading lower premarket on Monday after the firm stated that it is streamlining foreign exchange (FX) risk management for cross-currency payments and receipts. The bank introduced Guaranteed FX Rates of up to one year. That’s the longest tenor...

The best traders play defense. They don't guess. The plan is to let the market tell them what to do. They know that if a stock or market reaches a price level that had been resistance before there is a good chance that it can become resistance again. They also know that stocks can reverse and head...

Bank of America Corp (NYSE:BAC) reported upbeat earnings on Tuesday for its third quarter. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Oppenheimer analyst Chris Kotowski reiterated an Outperform rating, while raising the price target from...

Morgan Stanley (NYSE:MS) will release earnings results for its third quarter, before the opening bell on Wednesday, Oct. 16. Analysts expect the New York-based company to report quarterly earnings at $1.58 per share, up from $1.38 per share in the year-ago period. Morgan Stanley projects to report...

A basket of major U.S. bank stocks, as measured by the Financial Select Sector SPDR Fund (NYSE:XLF), is poised to extend its record highs following a wave of strong third-quarter earnings reports. The fund rose nearly 0.7% in premarket trading, continuing its upward momentum from last week's rally...

As Goldman Sachs Group, Inc. (NYSE:GS) prepares to release earnings results for its third quarter before the opening bell on Tuesday, Oct. 15, observers should take note of the firm’s annual dividend yield of 2.32%. That’s a quarterly dividend amount of $3.00 per share ($12.00 a year...

A remarkable rally in financial stocks boosted bullish sentiment across Wall Street on Friday, propelling both the S&P 500 and Dow Jones Industrial Average to new record levels. Strong earnings from major U.S. banks helped fuel the broader market, with investors brushing aside mixed economic...

The U.S. financial sector kicked off the third-quarter earnings season on a high note as major players, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo Corp. (NYSE:WFC), Bank of New York Mellon Corp. (NYSE:BK), and BlackRock Inc. (NYSE:BLK), all beat analyst expectations for earnings per...

The Bank Of New York Mellon Corporation (NYSE:BK) shares are trading higher in the premarket session on Friday after its third-quarter results. The finance behemoth reported third-quarter adjusted earnings per share of $1.52 (+20% YoY), beating the street view of $1.42. Quarterly revenue of $4.648...

Analysts and investors are keenly observing the stock performance of JPMorgan Chase & Co (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) ahead of their third-quarter earnings reports on Oct. 11. Both banks are showcasing strong technical indicators, but which stock charts a more bullish path?...

The third-quarter earnings season for U.S. banks will officially kick off this Friday, with major financial institutions like JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo Corp. (NYSE:WFC), and Bank of New York Mellon Corp. (NYSE:BK) set to report their results. The following Tuesday will see...