Wells Fargo will be the biggest beneficiary from an important new rule announced by the Federal Reserve after the market close Tuesday, according to a report from Keefe Bruyette and Woods.
Citigroup reached a $1.125 billion legal settlement tied to $59.4 billion in residential mortgage backed securities Monday, but analysts can't agree on whether the bank faces substantially more exposure to the issue.
A failed developer of "online chat systems" has acquired several businesses, including a marijuana tour operator, amid the flurry of share issuance and dearth of profits that often characterizes marijuana-focused transactions.
As the Maryland Congressman sees it, the Treasury Department is acting like just like any other swashbuckling investor in squeezing out the minority investors in the government sponsored enterprises.
Citigroup's Mexico unit, Banamex, has been the subject of negative news of late and the importance of the division to the bank's overall operations is not to be underestimated.
The largest U.S. banks are seeing an increasing number of downgrades from Wall Street analysts after a lengthy period of outperforming the broader market.
Regions Financial shares moved lower Wednesday following a downgrade from Miller Tabak analyst Thomas Mitchell, who also upgraded First Midwest Bancorp.
PennyMac Financial Services has received a pair of analyst upgrades lately following a recent selloff, but an investment in the non-bank mortgage lender and servicer still looks risky.
Bank of America first quarter 2014 analyst estimates are considerably higher than they should be as many analysts still need to update their targets to reflect a multi-billion dollar settlement the bank reached with Fannie Mae and Freddie Mac five days ago.
BP plc U.S.-listed shares have gained 1.86% in the two trading days since it first reported an oil spill at its Whiting refinery in Lake Michigan on Monday, outpacing shares of other large oil companies.