The AIG bailout trial may help cleanse a lot of lingering resentment, says NYSE floor trader Kenny Polcari.» Read More
WASHINGTON— U.S. Bank is refunding about $48 million in the latest federal settlement by a major bank over improper billing for extra credit card products that customers didn't receive. The Consumer Financial Protection Bureau announced the agreement Thursday with U.S. Bank, the sixth-largest bank by assets.
Some market pros say regional banks like SunTrust can offer hefty returns as a pure play on rising interest rates.
Bank of America Corp. fell$. 14 or. 8 percent, to $17.05. Citigroup Inc. fell$. 30 or. 6 percent, to $52.96. Goldman Sachs fell $1.68 or. 9 percent, to $186.13.
WASHINGTON, Sept 25- U.S. financial regulators said on Thursday that US Bank will pay about $57 million to resolve allegations it charged consumers for services they did not actually receive.
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
LONDON, Sept 25- JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.
Bank of America Corp. rose$. 13 or. 8 percent, to $17.18. Citigroup Inc. rose$. 42 or. 8 percent, to $53.26. Goldman Sachs rose $2.72 or 1.5 percent, to $187.81.
WASHINGTON— Three years ago, Jason Prosser was stunned to discover the cost of child care for his newborn son— so much so that he and his wife postponed having a second child. Wal-Mart's mobile checking account nixes fees.
Some lenders are preparing to reissue credit or debit cards to customers to head off possible losses following the breach of customer data at Home Depot. Capital One Financial and JPMorgan Chase& Co. said Wednesday they are preparing to assign new cards to accountholders due to the data theft at the home-improvement retailer.
Bank of America Corp. fell$. 04 or. 2 percent, to $17.01. Citigroup Inc. fell$. 18 or. 3 percent, to $52.67. Goldman Sachs rose$. 75 or. 4 percent, to $185.84.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alpha Natural Resources Inc. fell 11.5 percent to $2.55 with 21,190,600 shares traded. Bank of America Corp. rose. 8 percent to $17.18 with 84,125,600 shares traded.
Bank of America Corp. fell$. 04 or. 2 percent, to $17.02. Citigroup Inc. fell$. 17 or. 3 percent, to $52.67. Goldman Sachs fell$. 11 or. 1 percent, to $184.99.
Most bank stocks have risen from their recession lows, but still have a lot of room to grow. Rising rates promise to lift the sector.
NEW YORK— Wal-Mart is the latest company to get rid of fees that traditional banks charge customers who don't have enough money in their accounts to cover purchases. Bank of America and Citibank both launched checking accounts this year that don't charge overdraft fees, which can normally cost up to $35 per transaction.
Goldman Sachs is the latest bank to slash its growth outlook for China as weak economic activity triggers fresh concerns of over slowing growth.
Calls for the bond market to drop this year have largely come to naught, and some analysts are now looking for gains.
Bank of America Corp. rose$. 02 or. 1 percent, to $17.05. Citigroup Inc. fell$. 20 or. 4 percent, to $52.84. Goldman Sachs fell$. 20 or. 1 percent, to $185.09.
The "Fast Money" traders share their final trades of the day.
U.S. companies' borrowing to spend on capital investment rose in August, the Equipment Leasing and Finance Association said. Washington- based ELFA, a trade association that reports economic activity for the $827 billion equipment finance sector, said credit approvals totaled 79.5 percent in August, down slightly from 80.3 percent in July.