IAT

U.S. equities see the largest net buying since late February - GS

U.S. Equities see the largest net buying since late February - Goldman Sachs. The S&P 500 was down for the third straight week and traded lower for six straight sessions. Bitcoin-sensitive stocks, winners of the last 12 months underperformed. Overall U.S.-based equities saw the biggest net buying of the year.

Weekly Report: what happened at IAT 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.

What's Going On With PNC Financial Shares Today?

PNC Financial Services Group Inc reported a revenue decline of 8% Y/Y to $5.15 billion in the first quarter of FY24. The bank missed the consensus estimate for revenue. PNC also reported lower net interest income and noninterest income. The company returned $0.8 billion to shareholders.

Why M&T Bank Shares Are Trading Higher Today

M&T Bank Corporation reported first-quarter FY24 results. Revenue of $2.260 billion missed the consensus estimate. M&T held total assets of $211.5 billion as of March 31, 2024. The bank's shares are trading higher after the report.

Weekly Report: what happened at IAT 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.