Capital One is revisiting a policy that allows bank workers to make personal visits to customers and identify themselves in any manner they choose.» Read More
*Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the auto-finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut as investors expect the company to benefit from rising auto sales. As of Sept. 30, about $850 billion of auto loans were outstanding in the United States.
Jan 17- M&T Bank Corp reported quarterly results that were worse than analysts' expectations as mortgage banking revenue fell and expenses increased. M&T Bank shares slipped more than 3 percent on Friday. Last month M&T Bank said it now expected the acquisition to close at the end of 2014 instead of Jan. 31.
*Fourth-quarter earnings $1.45/ share vs est. Jan 16- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported lower-than-expected quarterly results as net interest income fell in both its credit card and consumer banking businesses.
*Q4 earnings per share $1.45 vs estimates of $1.55. Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported quarterly results that missed estimates as net interest income fell in both its credit card and consumer banking business.
Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a 2 percent rise in quarterly profit as it set aside less provisions to cover credit losses. Net income rose to $859 million, or $1.45 per share, for the fourth quarter ended December 31, from $843 million, or $1.41 per share, a year earlier.
Here's the problem with "buy and hold," says Stock Trader Daily's Thomas Kee: Do you have time to wait for it to pay off?
BankUnited, the first bank to be bought by a private equity firm, is now the nation’s top performing mid-sized bank.
"We end up buying things that had been disappointing for others," says Oakmark's Bill Nygren.
Some of the names on the move ahead of the open.
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.
Check out which companies are making headlines after the bell Thursday:
Stocks staged an impressive recovery Thursday, with the S&P 500 setting a fresh all-time high and the Dow erasing a triple-digit loss to poke into positive territory in the final minutes of trading.
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.