bank stocks

The leader of one of the largest banking companies has sold off a portion of their shares, following through on an earlier announcement from October. What Happened: Longtime JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon sold shares of the stock as part of a prearrange Rule 10b5-1 plan, which can link...

JPMorgan Chase & Co (NYSE:JPM) stock recorded a new 52-week high of $173.35 on Jan. 4. The stock was up 25% over the past year, which was achieved during the past two months. With both macro and business-specific trends in its favor, JPMorgan appears positioned to head further north in 2024....

In a move that reflects a broader reassessment of its consumer lending efforts, Goldman Sachs Group Inc. (NYSE:GS) is preparing to offload its General Motors (NYSE:GM) credit card program. The sale process is expected to be supervised by General Motors itself. What Happened: Goldman Sachs’...

A filing by JPMorgan Chase & Co (NYSE:JPM) CEO and Chairman Jamie Dimon is being digested by investors on Friday. This follows several cautionary statements Dimon has made about the U.S. economy. What Happened: Dimon became the CEO of JPMorgan Chase on Jan. 1, 2006 and has led the largest...

Rising interest rates and the collapse of Silicon Valley Bank caused bank stocks to plummet earlier this year as financial institutions grappled with the consequences of the global credit crunch.  But as the Federal Reserve gradually assuages its hawkish policies, banking institutions have...

Piper Sandler analyst R. Scott Siefers downgraded Midwest banks Regions Financial Corp (NYSE: RF) and Citizens Financial Group Inc (NYSE: CFG) to Neutral from Overweight. The analyst cut the price target at Regions Financial to $15 from $17. The analyst...

David Solomon, the Chief Executive Officer of Goldman Sachs (NYSE:GS), has reportedly chosen to step back from DJing at high-profile events. Solomon’s secondary career as a DJ had come under fire for allegedly diverting his attention from his primary role at Goldman Sachs. What Happened: The...

Goldman Sachs Group Inc. (NYSE:GS) is seemingly reversing its stance on consumer lending, contemplating the sale of certain portions of its portfolio, which includes the Apple credit card and other Apple Inc (NASDAQ:AAPL) products, along with the General Motors credit card. What Happened: As...

U.S. financial institutions kicked off earnings season on a robust note, surpassing analysts’ expectations for their third-quarter earnings per share. JP Morgan Chase & Co. (NYSE:JPM) announced earnings per share (EPS) of $4.33, surpassing the consensus estimate of $3.96. Additionally,...

Barclays PLC (NYSE: BCS) is reportedly mulling the sale of a stake in the U.K. merchants' payment processing unit as the bank is seeking a partner to boost the business. The business could be worth at least £2 billion ($2.5 billion), based on an EBITDA of about £300...

Wall Street banking giant Goldman Sachs Group, Inc. (NYSE:GS) reported a 60% year-over-year drop in second-quarter profits on Wednesday, with the weakness blamed primarily on dwindling deal activity. Tech giant Apple, Inc. (NASDAQ:AAPL) may also have a part to play in Goldman's disappointing...

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 $...

Major U.S. banks, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup Inc (NYSE:C), and State Street Corp. (NYSE:STT), are scheduled to release their second-quarter earnings results on Friday, July 14. Bank Earnings Season Has Begun...

All 23 banks scrutinized in the Federal Reserve’s annual stress test have passed. The central bank says the outcome of Wednesday’s stress test reaffirms the stability of the U.S. banking system amid ongoing economic concerns. “Today’s results confirm that the banking system...

One of the largest bank collapses in American history could be explored in a musical. What Happened: The collapse of Silicon Valley Bank, a unit of SVB Financial Group, was one of the biggest events of 2023 and rattled the regional banking sector. A bank run by customers trying to get deposits out...