U.S. Bancorp trades lower to earnings estimates than most regional bank peers, despite having the best long-term earnings track record.
Stocks were strong on Friday as the dollar continued to strengthen and the price of gold sank by over 2%.
According to Franklin Codel, the bank's head of mortgage production, expenses will automatically be reduced as loan demand declines.
Fannie on Thursday announced it would pay a $59.4 billion dividend to the government, showing how lucrative the GSE bailout is becoming.
The profitable mortgage giant will make a $59.4 billion dividend payment to the U.S. Treasury after a huge release of deferred tax assets.
Wells Fargo showed the strongest credit card growth among major lenders in the first quarter, and is poised for even greater expansion.
Most bank stocks headed higher on Wednesday, as the broad market remained hot.
The global banking giant posted some very impressive first-quarter earnings numbers and BernsteinResearch sees 17% upside for the stock.
Even if higher EPS estimates for KeyCorp hold up, KBW analyst Christopher Mutascio says investors should steer clear of the stock.
Most bank stocks headed higher on Tuesday, despite a report from the Federal Reserve of slowing consumer credit growth.