Restrictions against some firms stemmed from foreclosures that had not actually been reviewed before signing.» Read More
Banks including Wells Fargo& Co and PNC Financial Services Group are contemplating steps like investing their extra cash at current low yields or using derivatives that pay off if rates stay low. Positioning for higher rates has cost the 20 largest U.S. banks somewhere between $2.5 billion and $3 billion of income each quarter, roughly 6 percent of their...
Investors must now answer a serious question plaguing markets: How long can America continue to shine in a dull world?
Stocks rose Friday as crude surged.
U.S. stock index futures fell on Friday, with markets around the world still unsettled by the Swiss central bank's shock move on Thursday.
WASHINGTON, Jan 15- U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy. The Labor Department said on Thursday its producer price index for final demand declined 0.3...
Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit as assets under management increased. The 2014 net inflows represent a 55 percent jump from the prior year and a record for BlackRock. "While the magnitude of the flows was quite large, it is the composition of the flows that was really interesting,"...
BlackRock, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased.
Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased. Of the $87.8 billion that investors poured into BlackRock's long-term funds during the quarter, half went into the iShares exchange-traded fund business, which ended the quarter with $1 trillion.
"There are concerns about global growth, but the fundamentals for the U.S. economy are very solid and what's going on overseas should only be a minor drag," said Gus Faucher, a senior economist at PNC Financial Services in Pittsburgh. The National Federation of Independent Business said its Small Business Optimism Index increased 2.3 points to 100.4 last month,...
NEW YORK, Jan 9- Investors with sizeable gains from the dollar's strong move upward in recent weeks sold the greenback to capture profits on Friday despite a solid U.S. jobs report that bolstered the case for the Federal Reserve to raise U.S. interest rates later this year. "It looks like some trimming of positions heading into the weekend, but the strong dollar is...
An ETF that tracks regional banks is outperforming the S&P 500 in December, and commodity stocks have rebounded in the last week.
Americans really need to stop feeling bad for countries like Iran over lower prices, says hedge-fund manager Todd Schoenberger. It's a win for America!
Perhaps it's time for shareholders to take matters into their own hands when it comes to securities class actions, says M. Todd henderson and Adam Pritchard.
Recent bankruptcy proceedings in Detroit and elsewhere should raise a giant warning flag for investors, says UBS's head of muni investing.
The short-term result of the election may be bullish for the market but we are headed for dangerous times, says hedge-fund manager Todd Schoenberger.
Hedge-fund manager Todd Schoenberger takes your questions. The first one is from a "Janet Y" in Washington, DC ...
Banks may not be lending to home buyers or single family home developers, but they are doling out big bucks to apartment developers.
Some of the names on the move ahead of the open.
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
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.