FTXO

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