Bank ETFs in Focus on Mixed Q1 Earnings

ETFs that buy bank stocks are under pressure, lagging U.S. equities market

Why Northern Trust Shares Are Diving Today

Northern Trust Corporation reports first-quarter FY24 financial results. Sales declined 6% Y/Y to $1.65 billion, missing the analyst consensus. The bank returned $285.4 million to shareholders in the quarter. As of March 31, 2024, Northern Trust had $16.5 trillion in assets under management.

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.

Why Morgan Stanley Shares Are Surging Today

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 KBWB 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.

Wall Street Behemoths BNY Mellon & Accenture Join Forces to Revolutionize Financial Services Through Data Innovation

The Bank Of New York Mellon Corporation is collaborating with tech giant Accenture Plc to modernize financial services offerings. The companies will leverage cutting-edge technologies to unlock the potential of data at unprecedented speeds. BNY Mellon and Accenture will focus on data management and analytics product development.

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.

Even The FDIC Is Getting Worried About Banks

FDIC has recently published its Quarterly Banking Profile for the fourth quarter of 2023. The report reveals a number of issues in the U.S. Banking system. The FDIC is starting to see these issues in their recent data. You have to engage in due diligence regarding the banks that house your hard-earned money.

Is the Banking Sector Booming? 5 ETF Picks

How The Pieces Add Up: KBWB Targets $56

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.

Should You Buy Bank ETFs Before Earnings Releases?

U.S. Bank Earnings Preview: What To Watch

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

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.