US Banks

A potential collapse in the commercial real estate sector, the largest since 2008, could hit U.S. banks with up to $160 billion in losses. What Happened: A working paper from researchers at USC, Columbia, Stanford, and Northwestern has assessed the impact of sustained high-interest rates on the...

Artificial Intelligence is likely to be adopted in the coming years across all major industry sectors, but it’s the banking industry that analysts believe has the most to gain. While banks are likely less attractive places of employment for AI technologists than developers such as Amazon.com...

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...

Third-quarter earnings season for U.S. banks officially begins this Friday. Among the financial heavyweights reporting earnings this week are JPMorgan Chase & Co. (NYSE:JPM), BlackRock Inc. (NYSE:BLK), Citigroup Inc. (NYSE:C), Wells Fargo Co. (NYSE:WFC) and PNC Financial Services (NYSE:PNC...

S&P Global Ratings has cast a spotlight on the challenges faced by several U.S. regional banks, resulting in a series of downgrades that have reverberated through the financial sector. According to the renowned rating agency, the Federal Reserve’s tight grip on monetary policy is now...

Moody’s, the well-known credit rating organization, downgraded the ratings of 10 U.S. small and mid-sized banks by one notch late Monday, sending shockwaves across a sector still reeling from the collapse of regional banks in March. The banks affected by the downgrades includes M&T Bank...

Bank of America Corporation (NYSE: BAC) posted a second quarter profit that beat analyst forecasts as the company boosted interest income due to higher interest rates. Yet its shares traded only 0.6% higher in pre-market trading but rising more than 4% after earnings.  On Friday,...

On Tuesday, major U.S. banks released their second-quarter financial results, surpassing both earnings and revenue estimates provided by the Street. This positive outcome has reinforced market confidence in the strength and stability of the banking system. Let’s delve into how each major U.S...

Ripple is optimistic that U.S. banks and other financial institutions will begin to adopt its XRP token (CRYPTO: XRP) for cross-border payments. This follows a significant ruling that the token is not necessarily a security. Stu Alderoty, Ripple’s general counsel, revealed in an...

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),...

A recent report from Coinbase (NASDAQ: COIN) highlights Bitcoin's (Crypto: BTC) performance among digital assets since mid-February, with its dominance in total crypto market capitalization growing to 47.7% in March. This exceptional performance was especially noticeable at the beginning of the...

Bank of America Corporation (NYSE: BAC) closed the trading session on Friday down 3.22%, as the stock continued its decline after breaking bearishly from a bear flag pattern on April 12. On Monday morning, before the market opens, Bank of America is set to print its second-quarter earnings results...

Long-term Bitcoin (BTC) bull and venture capitalist Tim Draper is accusing banks of attempted manipulation as the apex cryptocurrency tanked nearly 18% in the 24-hour period leading to press time. What Happened: Draper took to Twitter in the early hours of Monday to condemn banks for the alleged...

Add CNBC's Jim Cramer to the seemingly ever-growing list of financial pundits who don't think the Brexit voting outcome is in the best interest of the United Kingdom's economic outlook. Perhaps it is incorrect to just say that Cramer doesn't like the voting result. In fact, he said during Monday's...