Bank stocks

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


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


Banks that can't ride the M&A wave


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.


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


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.


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


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


BNY Mellon’s shares tumble as revenue growth stalls


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.


Banks’ record-breaking earnings streak has probably peaked


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


UBS is latest to downgrade shares of big banks


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


Goldman goes transparent; Banks up to the challenge


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.


Forecast for bank stocks in 2020: Not so bad


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


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


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.