Earnings news will take center stage Wednesday after another day of strong stock market gains cemented the view that the worst is over.» Read More
WASHINGTON, Oct 27- The five biggest U.S. retail banks added 25 million new deposit accounts since 2010, a study showed on Monday, a sign that banks can continue to grow despite a lack of public trust after the credit crisis. U.S. Bancorp added 4.7 million new deposit accounts in the four years between March 2010 and 2014, a 40 percent rise, the study showed.
MINNEAPOLIS— U.S. Bancorp reported a slight rise in third-quarter profit Wednesday versus a year ago, meeting Wall Street expectations. The Minneapolis- based bank posted net income of $1.471 billion, or 78 cents per share, in the quarter, compared with $1.468 billion, or 76 cents per share, in the same quarter a year ago. U.S. Bancorp shares are up nearly 6 percent from...
Oct 15- SolarCity Corp, the largest installer of residential solar panels in the United States, said it would offer up to $200 million of solar bonds and launch a new online investment site to buy the debt. SolarCity, which has made three private placements of solar bonds in the last year, said this was the first registered public offering of such bonds in the United...
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.
WASHINGTON, Sept 3- U.S. regulators on Wednesday adopted rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.
As they struggle to find new business to bolster earnings, banks consider the nation’s 25 million veterans and service members ideal customers.
Warren Buffett's Berkshire Hathaway is paying almost $1 million to the government for failing to make disclosures required by antitrust law ... again.
"People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.
For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.
Bank results are on a roll, and it's picking up speed. Yet these stocks are starting to look pricey.
U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.
Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.
For some of Wall Street's biggest names, quarterly results are expected to be weak, while the future is pockmarked with uncertainty.
WASHINGTON, July 1- Creditors to Puerto Rico's electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Creditors to Puerto Rico's troubled electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Moody's pushed its rating on Puerto Rico's debt deeper into junk territory on Tuesday and prices of the island's troubled electric authority's bonds plunged as investors awaited word on whether they would receive a scheduled payment on the securities.
June 30- U.S. Bank, a part of U.S. Bancorp, will pay $200 million to resolve allegations that it certified home loans for government insurance even though they did not meet regulatory requirements, the U.S. Justice Department said.
Banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves.
Looking at the price action in Bank of America on Tuesday, Jim Cramer thinks financials may be coming back into favor on Wall Street.
Here's how the wealthiest people may manage their fortunes in 25 years.