Bank stocks

Wells paying up to recruit brokers; Will JPM’s stock buybacks slow?

02/03/20

The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.

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Banks that can't ride the M&A wave

01/28/20

A fifth of U.S. banks may lack the stock multiples it takes to pursue acquisitions, so they're looking for other ways to improve results and deploy capital.

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Discover's shares tumble after warnings on costs, credit quality

01/24/20

The credit card lender has seen problem loans spike since it introduced a feature that lets at-risk customers restructure loans through its online and mobile channels.

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BofA's lofty market aspirations; Amazon working on palm payments

01/21/20

Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information.

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BNY Mellon’s shares tumble as revenue growth stalls

01/16/20

Despite the weaker-than-expected results, interim CEO Thomas Gibbons pledged to continue spending heavily on tech upgrades aimed at cutting costs, improving efficiency and developing innovative products.

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Banks’ record-breaking earnings streak has probably peaked

01/10/20

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

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UBS is latest to downgrade shares of big banks

01/07/20

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said.

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Goldman goes transparent; Banks up to the challenge

01/07/20

Goldman Sachs plans to offer details into its workings to boost its stock value; while challenger banks are prospering, traditional banks still rule the roost.

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Forecast for bank stocks in 2020: Not so bad

12/19/19

The fresh optimism is starting to outweigh some of the worries hanging over the sector heading into the new year.

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Warren Buffett seeks Fed leeway to boost stake in BofA past 10%

10/15/19

Warren Buffett's Berkshire Hathaway is seeking permission from the Federal Reserve to potentially increase its stake in Bank of America to more than 10%, a level that often triggers a regulatory review.

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