U.S. Bancorp's Q1 Earnings Miss Wall Street Forecasts
U.S. Bancorp's first-quarter net income rose 7 percent as lower costs offset falling revenue, shy of most Wall Street predictions.
financial stocks
Wall Street Year in Review: A Surprisingly Good Vintage as Market Logs Gains
If you'd told investors what was going to happen in 2012 and asked how the stock market would perform, few would have predicted a good year. But that's just what they got.
The Dow Jumps as Oil Dips and Banks Rally
After a rough opening session on Monday, stocks rebounded sharply on Tuesday. The Dow enjoyed a triple-digit gain after oil prices eased and bank shares bounced higher on the possibility of further dividend payouts and share buybacks.
A Big Week Ahead for the Banking Sector
Fourth-quarter 2010 earnings season ramps up this week. Analysts expect strong results from some big corporate names. And on the heels of last week's big earnings beat from JPMorgan Chase, the financial sector will have plenty more results to peruse this week.
At Little Signature Bank, Back to Basics Is Paying Off Big
The pint-size Manhattan bank's market cap of $2 billion is dwarfed by JPMorgan's $161.5 billion and BofA's $126.4 billion. Still, Signature has done far better for investors this year. By steering clear of risky derivatives and sticking with basic banking, Signature is thriving.
Stocks Climb Back to Their Pre-Lehman Disaster Level
Stocks closed broadly higher Tuesday, helped by more deal activity in the financial sector and upbeat earnings from the tech sector. After more than two years, the market has regained all its losses following the implosion of Lehman Brothers in September 2008.
CEO Departures in November Fall to Year's Lowest Level
Though the job market remains challenging, for one group, the labor market was at its steadiest of the year last month. The number of chief executives departing their jobs fell to 79 in November, the lowest monthly number of 2010, according to job-services firm Challenger, Gray & Christmas.
More People Repaid Credit Card Debt in October
U.S. credit card delinquencies fell in October to the lowest levels of the year as more people were able to restart payments on their consumer debt, The Wall Street Journal reported, citing company filings.
Morgan Stanley Earnings Come Up Short
The world's biggest brokerage posted a third-quarter net loss, hurt by special charges and declines in sales and trading activity in a low-volume market. On an adjusted basis, Morgan missed Wall Street's forecast.
Goldman Sachs Earnings Tumble but Top Estimates
Goldman Sachs reported sharp declines in third-quarter earnings and revenue, hurt by slower summer trading activity. But its profits still easily exceeded analysts' average forecast.
Signs That the Market Is Ready to Roll Over
The U.S. stock market has been on a tear since Sept. 1, but technical caution flags are now appearing in the charts. A close look at action in the VIX, S&P 500, Nasdaq 100 and financials reveal that the tide may be about to start going out.
Face-Off on Stocks: Bank of America, JPMorgan Chase, Citigroup
Two years after Lehman Brothers collapsed and put the financial crisis into meltdown mode, Wall Street and the financial industry are still struggling to rebuild from the ashes. But as the economy recovers, are bank stocks good buys? Here are the bull and bear cases for three of the nation's biggest banks.
Dow Dives 261 Points on Bank Earnings, Sentiment
Stocks fell sharply Friday after earnings from the nation's biggest banks disappointed investors and the latest reading on consumer sentiment plunged on job fears. The financial sector sold off more than 4%.
Financials Rally, but the Dow's Winning Streak Ends
Friday's seesaw day ended mixed, as a relief rally on the compromise reached for financial regulation reform offset concern over a downward revision to first-quarter GDP. Still, the Dow lost more than 300 points this week, abruptly ending a healthy two-week rally.
Looming Financial Reform Slams Bank Shares
Stock prices of financial firms tumbled on Monday as the regulatory reform bill inched -- however slowly -- closer to becoming law. The S&P 500's financial sector took a speculator's beating, dropping 1.5% in an otherwise flat market.