Archive snapshot · Financials
Sat, Oct 3, 9:32 PM ET
Bank stocks slide as money-center names lead financials lower; Citigroup drops about 4%
A broad selloff in large-cap bank shares has pushed the sector into correction territory as investors weigh rate and credit concerns.
Yahoo Finance · +5 outlets
Bank stocks lag the S&P 500 by the most since 1990
Persistent underperformance of bank equities raises questions about the sector's sensitivity to rates, credit, and capital return expectations.
24/7 Wall St. · +14 outlets
Oppenheimer warns big US banks face a tough earnings season, citing pressure on Goldman and Morgan Stanley
Analyst caution ahead of quarterly results underscores expectations for weaker trading and capital-markets revenue at major banks.
Finimize · +2 outlets
Visa and Mastercard face antitrust suit over billions in merchant fees
The litigation adds to long-running legal challenges over card network interchange and merchant costs.
usaherald.com · +14 outlets
Jim Cramer warns the Q3 earnings season faces a much more difficult backdrop
Cramer's caution on a harder stock-picking environment reflects broader worries about earnings strength and rate pressure on equities.
TradingView · +7 outlets
S&P upgrades Wells Fargo's credit rating to A- with stable outlook
The upgrade signals improved confidence in Wells Fargo's balance sheet following years of regulatory remediation.
TradingView · +14 outlets
Goldman Sachs CEO succession plans stall as John Waldron's path is weighed
Uncertainty over Goldman's leadership transition matters for the bank's strategy and senior talent retention.
thestreet.com · +2 outlets
Fiserv's stablecoin hosting system goes live, with North Dakota's token first
The launch marks a step in mainstream payments firms hosting digital currencies for institutional clients.
Bankingdive · +6 outlets
Top Wall Street banks kick off Q2 earnings next week, with analysts expecting pressure
Investor focus turns to whether large banks can sustain earnings amid rate and credit headwinds.
Stocktwits · +14 outlets
JPMorgan lowers Wells Fargo price target to $91.50 from $95.50; HSBC starts coverage with $108 target
Competing analyst views on Wells Fargo illustrate diverging expectations for the bank's earnings trajectory.
TipRanks · +4 outlets
Senate Democrats Warren and Van Hollen pressure OppFi to abandon its bank deal
The push follows Enova's scrapped bid for Grasshopper Bank, highlighting scrutiny of nonbank lenders acquiring banks.
Bankingdive · +1 outlets
Stripe acquires embedded financing company Parafin, its second deal in two months
The purchase deepens Stripe's move into small-business lending and embedded finance.
Bankingdive · +5 outlets
Anup Bagchi takes charge as HDFC Bank MD and CEO
The leadership change at India's largest private bank follows a career spanning ICICI and HDFC.
livemint.com · +14 outlets
Fed watchdog finds mismanagement, not criminality, in $2.5B headquarters renovation
The inspector general recommends a guaranteed maximum price for the long-running Fed renovation project.
Bankingdive · +6 outlets
Higher rates are reshaping bank stocks, from Farmers National Banc to life insurers
Regional banks and insurers are being re-evaluated as higher-for-longer rates alter net interest income and investment portfolios.
Simply Wall Street · +3 outlets
Big banks face a hedge fund debt blind spot, Situational Awareness report says
The findings raise questions about lenders' exposure to opaque private-credit and hedge fund borrowing.
Yahoo Finance Singapore · +3 outlets
Northern Trust begins search for a CFO to succeed Fox
The CFO search comes as the custody bank navigates margin and fee pressures.
American Banker · +1 outlets
Software firm AppLovin hits 52-week low after court denies bid to halt Unity data collection
The ruling adds legal and competitive pressure for the app-advertising platform.
finance.biggo.com · +1 outlets

‹ back to this front page