banks

Jamie Dimon serves as the CEO of JPMorgan Chase (NYSE:JPM), one of the largest banks in the world. Dimon has served in the role since 2006. Here's a look at how much investors could have made investing in the bank during his tenure. What Happened: Dimon became the CEO of JPMorgan Chase, a move that...

Editor’s Note: This article has been updated to include a statement from Zelle. The Consumer Financial Protection Bureau dropped its lawsuit against JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Co (NYSE:WFC) and Bank of America Corp (NYSE:BAC) on Tuesday concerning the banks’...

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...

The third Monday of February is ‘Presidents’ Day’ in the U.S. It is a federal holiday observed in the country as most banks and government offices along with NYSE and Nasdaq remain closed. What Happened: Presidents Day, honors two of America’s most influential leaders,...

Wall Street banks are unfazed by the administration’s tariff policy and are hopeful that the White House’s legislative agenda will benefit them, according to Bank of America analyst Ebrahim H. Poonawala. The Banking Analyst: In a note published Thursday, Poonawala noted how optimistic...

Large U.S. banks rallied to fresh record highs on Wednesday as investors cheered on stronger-than-expected fourth-quarter earnings, driven by resilient lending income, cost-cutting efforts and a rebound in corporate deal-making sending. The Financials Select Sector SPDR Fund (NYSE:XLF) — a widely...

U.S. Bancorp (NYSE:USB) shares are trading lower Tuesday potentially following the announcement of a leadership transition. What To Know: Current President Gunjan Kedia will assume the role of CEO after the company's annual shareholder meeting on April 15, succeeding Chairman and CEO Andy Cecere,...

President Donald Trump confronted Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan and JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon on Thursday at the World Economic Forum, alleging discrimination against conservative clients. Trump, addressing the audience via video conference, accused...

Discovery Financial Services (NYSE:DFS) comfortably beat market expectations in its fourth quarter earnings report. What Happened: The digital banking and payment services provider achieved a 41% growth in net income year over year. "Despite a modest slowdown in US card sales, overall network...

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...

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates,...

US Bancorp (NYSE:USB) reported mixed results for the fourth quarter. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. DA Davidson On US Bancorp Analyst Peter Winter maintained a Buy rating and a price target of $60. US Bancorp...

JPMorgan Chase & Co (NYSE:JPM) reported strong fourth-quarter results, along with solid results by other US big banks. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs On JPMorgan Chase Analyst Richard Ramsden...

Wells Fargo & Co's (NYSE:WFC) fourth-quarter results sent banking stocks surging on Wednesday. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. Keefe, Bruyette & Woods On Wells Fargo Analyst David Konrad maintained a Market...