banking

Editor’s Note: This story has been updated with a response from Barclays. British banking behemoth Barclays PLC (NYSE:BCS) has ventured into the stablecoin settlement space with its first-of-a-kind investment in Ubyx. Barclays’ Entry Into Stablecoin Industry? Barclays bought a stake in...

PayPal Holdings Inc (NASDAQ:PYPL) shares are inching higher in extended trading on Monday after the company announced that it submitted applications to establish a bank. PayPal Holdings stock is moving in positive territory. What’s driving PYPL shares up? What To Know: PayPal said it...

TV host Jim Cramer is leaning back into the bank trade, saying that depressed valuations across the sector have created an opportunity, and that one stock, in particular, stands out with the most potential. Bank Stocks Are ‘All Cheap’ On Tuesday, in a post on X, the renowned host of...

An escalating lobbying conflict is unfolding in Washington as traditional banking entities and cryptocurrency companies vie for regulatory favor. The contention revolves around the Republican party’s initiative to implement new regulations for digital assets. What Happened: The crypto...

The Federal Reserve announced on Friday that all 22 of the nation’s largest banks successfully passed its 2025 stress test, maintaining adequate capital buffers even under a hypothetical recession scenario. However, analysts noted that this year’s exam was less demanding than previous...

The April U.S. employment report brought a welcome economic balancing act. Nonfarm payrolls increased by 177,000, beating comfortably the 130,000 forecast by economists and almost doubling the 90,000 predicted by Kalshi betting markets. Average hourly earnings, however, slowed to 0.2% month-over-...

Capital One Financial Corp. (NYSE:COF) released its first-quarter results after Tuesday's closing bell. Here's a look at the details from the report.  The Details: Capital One reported quarterly earnings of $4.06 per share, which beat the analyst consensus estimate of $3.69. Quarterly revenue...

Bank of America Corp (NYSE:BAC) traded higher by 3.79% to $38.32 at market close Tuesday, rebounding alongside broader markets following Monday's sharp sell-off. Investor sentiment improved as potential easing of geopolitical concerns helped lift major indices. The S&P 500 gained over 100...

Citigroup Inc (NYSE:C) wrongly credited a client’s account with $81 trillion instead of remitting only $280. Two officials failed to detect the wrong internal transfer last April, though a third employee detected the problem 90 minutes after the erroneous posting. Citigroup reversed the...

Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan has signaled the financial services industry’s imminent entry into the crypto economy, highlighting the potential for stablecoins to become a significant part of the banking landscape. What Happened: In an interview with David Rubenstein at...

Capital One Financial Corp. (NYSE:COF) is set to report its fourth-quarter financial results after Tuesday's closing bell. Here's a look at what investors will be watching when the financial services company reports.  What To Know: Wall Street will be interested in the performance of Capital One...

Banks reporting fourth-quarter earnings on Wednesday will take center stage, with investors watching closely for insights on the health of the U.S. economy. Traditionally seen as a barometer for broader economic performance, strong results from banks could set a positive tone for other sectors and...

Analysts at Truist Securities initiated coverage on 24 large-cap, regional, and trust banks, as well as credit card companies. They anticipate strong earnings growth over the next two years, projecting an annual increase of 12-15% fueled by factors like improving loan growth, a steeper yield curve...

Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) became today the latest banks to end association with the climate alliance for banks. Goldman Sachs Group, Inc (NYSE:GS) and Wells Fargo & Co (NYSE:WFC) already exited from Net-Zero Banking Alliance, the Financial Times reports. The...

First Citizens Bancshares Inc (NASDAQ:FCNCA) shares have climbed more than 50% year to date. The company is one of the "biggest potential winners" after the U.S. presidential elections, according to Deutsche Bank. Analyst Bernard von-Gizycki initiated coverage of First Citizens Bancshares with a...