"We end up buying things that had been disappointing for others," says Oakmark's Bill Nygren.» Read More
Oct 17- Capital One Financial Corp posted a quarterly profit that beat Wall Street estimates after setting aside less money to cover credit card defaults, sending its shares up 2 percent after the bell.
Oct 17- Capital One Financial Corp reported a 6.3 percent fall in quarterly profit as the company earned lower interest income on deposits. The company's net income fell to $1.10 billion, or $1.86 per share, for the quarter ended Sept. 30, from $1.18 billion, or $2.01 per share, a year earlier. Net revenue for the quarter fell 2 percent to $5.65 billion.
*Debt ceiling deadline draws closer with no signs of progress. *BlackBerry shares up on interest from strategic buyers. NEW YORK, Oct 7- U.S. stocks fell on Monday, extending two weeks of losses, as a lack of progress in ending the partial U.S. government shutdown or the debt-ceiling standoff kept investors nervous.
*BlackBerry shares up on interest from strategic buyers. NEW YORK, Oct 7- U.S. stocks fell on Monday, extending two weeks of losses, as a lack of progress in ending the partial U.S. government shutdown or the debt-ceiling standoff kept investors nervous.
The "Fast Money" traders share their final trades of the day.
Got a beef with your bank? Don't sit there steaming. Complain to the Consumer Financial Protection Bureau, the government's new financial watchdog.
Credit cards that offer rewards are more popular than ever. And yet, many people who have these cards don't really know how they work.
All sorts of bad news—from tapering talk to crisis in Egypt and Syria, and panic in emerging nation stocks—led to a flat summer for the markets, but that's a victory of sorts.
Banks are increasingly rolling out new fees for what was once at the core of the banking experience: interacting with a teller.
As this seasons begins to draw to a close, Michael K. Farr argues that accounting gimmickry is no substitute for real earnings growth.
One of the hottest areas now is the market for personal loans, which is attracting money from venture capital investors, spurred by the fast growth of Lending Club.
Aug 5- Wells Fargo& Co, the fourth-largest U.S. bank, is trying to grow its relatively small credit-card business with an unusual strategy: appealing to its customers' distaste for debt. In 2007, Wells Fargo debuted the Home Rebate Card, which offers a 1 percent rebate that automatically goes toward paying down principal on a Wells Fargo home loan.
Mistakes have blacklisted many Americans from banks, leading to fees for paying bills, cashing checks, and wiring money. The NYT reports.
Check out which companies are making headlines after the bell Thursday:
Wall Street has been too bearish on several key financial stocks this quarter, CNBC's Jim Cramer said, and short sellers are the latest victims of these "horrendous" trades.
These two stocks have been underloved by the market for too long, and now shorts will have to rethink their position, said Jim Cramer.
Check out last year's top 10 picks from Omega Advisors founder Leon Cooperman and guess what you find? A 31 percent return.
June 18- Over the past few years, Citigroup Inc has been grappling with an unusual problem- how to incur more U.S. taxes.
Over the past few years, Citigroup has been grappling with an unusual problem—how to incur more U.S. taxes.
Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.