Bank stocks

Is capital haul too much of a good thing for Black-run banks?

06/24/20

The movement encouraging investment in banks run by African American management teams gained huge momentum in recent weeks, but a spat between one of those lenders and an activist investor highlights the potential downside.

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'Buying Black' spurs huge gains in Carver Bank, Urban One shares

06/17/20

Carver Bancorp. and Urban One Inc., two companies that serve black and underrepresented communities, more than doubled on Wednesday as traders aid trends associated with supporting black-owned businesses amid global protests against police brutality.

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Fannie, Freddie hire advisers to help raise capital; Deutsche leads the pack

06/16/20

Fannie Mae has chosen Morgan Stanley while Freddie Mac is going with JPMorgan Chase; the bank’s overhaul plan has helped make it the best performing big-bank stock so far this year.

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Bank stocks slump on Fed forecast; Quicken going public

06/12/20

Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.

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