Another Bank Failure, What It Means

Weekly Report: what happened at FTXO last week (0422-0426)?

Weekly Report: what happened at FTXO last week (0415-0419)?

Why U.S. Bancorp Shares Are Diving Premarket Today

U.S. Bancorp reports first-quarter FY24 results. Revenue stood at $6.7 billion, down 6.4% Y/Y. Net interest income fell 14.0% to $4.0 billion due to impact of higher interest rates on deposit mix and pricing.

Top 10 best-performing bank stocks of 2024 as earnings results roll in

These are the top 10 best-performing bank stocks of 2024 as earnings results roll in. First Internet Bancorp ranks No. 1 for the year-to-date performance of U.S.-based banking stocks. The banking industry has been in focus this week with earnings results rolling in.

Bank of America's Q1 Consumer Banking Income Takes A Hit, Adds 1M Credit Card Accounts

Bank of America Corp reported a first-quarter fiscal 2024 adjusted net income of $7.2 billion. Revenue decreased 2% year over year to $25.8 billion. The bank added over 1.0 million credit card accounts during the quarter. Bank of America stock has gained over 18% in the last 12 months.

Weekly Report: what happened at FTXO last week (0408-0412)?

Big Banks Turn Inflationary Lemons Into Lemonade

Big banks benefit from higher interest rates. Big lenders have primed investors for that boost to fade. JPMorgan, Wells Fargo and Citigroup to report first-quarter earnings on Friday. Smaller rivals will struggle to turn inflationary lemons into lemonade. Bank valuations have sagged under impending new bank rules.

Citigroup's Q1 Revenue Dips Slightly, But Investment Banking and Personal Finance Shine

Citigroup Inc C reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion. The bank beat the consensus of $20.39 billion. Citigroup stock has gained over 29% in the last 12 months.

What's Going On With Wells Fargo Shares After Beating Q1 Earnings?

Wells Fargo & Company reports first-quarter earnings per share of $1.20. The bank beat the Wall Street view of $ 1.09. Quarterly sales of $20.86 billion also beat the analyst consensus. Wells Fargo shares are trading slightly lower in the premarket.

Is the Banking Sector Booming? 5 ETF Picks

The Federal Reserve Must Choose Its Interest Rate Strategy

Desmond Lachman says the Federal Reserve must choose its interest rate strategy. He says the Fed will have to keep interest rates high to meet its inflation target or cut interest rates to stabilize the financial system. The Fed’s predicament stems from keeping monetary policy too loose for too long, he says. The Federal Reserve has helped fuel a commercial real estate bubble and a bubble.

Conquering Convenience: BofA's Erica Racks Up 2B Interactions

Bank of America Corporation's virtual financial assistant, Erica, has surpassed 2 billion interactions since its launch in 2018. Erica has responded to 800 million inquiries from over 42 million clients and provided personalized insights and guidance over 1.2 billion times to date. Bank of America says Erica has expanded capabilities to support individual and corporate clients.

Are The Stars Finally Aligned For U.S. Financial Stocks?

After a series of banking failures in early 2023, financial stocks are showing signs of life again. Financial stocks rallied in the last five months, signaling growing investor confidence that a wider systemic meltdown has been averted. First-quarter trends suggest that market returns may be poised to broaden - good news for financials.

Weekly Report: what happened at FTXO last week (0401-0405)?

U.S. Bank Earnings Preview: What To Watch

The Stock Market Is Partying Like It Is 2008

Home Market Outlook Today's Market The Stock Market Is Partying like It Is 2008 Desmond Lachman: The stock market is partying like it is 2008 even at a time of high interest rates. He says the market is ignoring the risk of heightened world trade tensions. The market is also ignoring the slow-motion train wreck in the commercial real estate sector.

Weekly Report: what happened at FTXO last week (0325-0329)?

Resurging Corporate Profits Show Inflationary Pressures Are Reheating After Lull: Corporate Profits By Major Industry

Home Market Outlook Economy Analysis Resurging Corporate Profits Show Inflationary Pressures Are Reheating After Lull. Corporate pre-tax profits in all non-financial domestic industries combined jumped by 5.6% in Q4 from Q3. The spike in profitability in inflationary times is a sign that companies hiked prices much faster than their costs.

Bank ETF (FTXO) Hits New 52-Week High