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Banks

Big Banks Surprise with Better Earnings, Google Sells Out of Glass

This week, big banks including Citigroup, Morgan Stanley and Goldman Sachs surprised with better-than-expected earnings and the Labor Department also gave good news on the job front.

04/17/14 - 07:00 PM EDT

Earnings Scorecard: Looking Ahead to Facebook and Netflix

Netflix reports on Monday and analyst expect $0.83 a share on $1.27 billion in revenues. On Wednesday analyst expect Facebook to report $0.24 a share on $2.35 billion in revenues.

04/17/14 - 06:11 PM EDT

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Platform Hunts For Deals After Chemtura AgroSolutions Acquisition

Platform Hunts For Deals After Chemtura AgroSolutions Acquisition

  • Tickers in this article:
  • PAH
  • CHMT

Platform Specialty Products, a specialty chemical company that was born from a special purpose acquisition vehicle founded by Jarden chairman Martin Franklin, said on Thursday it will buy Chemtura AgroSolutions from Chemtura for $1 billion in cash and stock.

04/17/14 - 01:23 PM EDT

Article
Why Fifth Third Bancorp (FITB) Stock Is Falling Today

Why Fifth Third Bancorp (FITB) Stock Is Falling Today

  • Tickers in this article:
  • FITB

Fifth Third Bancorp (FITB) stock is falling following first quarter results that missed analysts' expectations for earnings.

04/17/14 - 10:34 AM EDT

Article
Walmart Launches 'Low-Cost' Money Wire Service

Walmart Launches 'Low-Cost' Money Wire Service

  • Tickers in this article:
  • WMT
  • EEFT

Walmart is adding to the list of financial services that it provides for under-banked and unbanked consumers by launched a low-cost money wire transfer service that it says will allow consumers to transfer money for up to 50% less than other wire transfers.

04/17/14 - 10:30 AM EDT

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Stocks Flat Amid Positive Goldman Sachs, Morgan Stanley Earnings Stocks Flat Amid Positive Goldman Sachs, Morgan Stanley Earnings

Stocks open slightly above the flat line on Thursday on a slew of mixed earnings reports from Morgan Stanley, Goldman Sachs, Google, and IBM.

04/17/14 - 10:09 AM EDT

Article
Goldman Sachs Beats Low Bar in First Quarter

Goldman Sachs Beats Low Bar in First Quarter

  • Tickers in this article:
  • GS

Goldman Sachs beats analysts' quarterly estimates on its top and bottom line even as sluggish trading activity drags on profitability. The bank records an 11% drop in first-quarter profit, symptomatic of declines in both institutional client volume and fixed-income revenue.

04/17/14 - 09:25 AM EDT

Article
Will This Upgrade Help First Republic Bank (FRC) Stock Today?

Will This Upgrade Help First Republic Bank (FRC) Stock Today?

  • Tickers in this article:
  • FRC

FIG Partners upgrades First National Bank (FRC) to 'outperform' with a $59 price target, saying the bank's cross-selling strategy should improve sales.

04/17/14 - 09:09 AM EDT

Article
Will This Upgrade Help Bank of America (BAC) Stock Today?

Will This Upgrade Help Bank of America (BAC) Stock Today?

  • Tickers in this article:
  • BAC

Bank of America (BAC) has been upgraded to "outperform" from "perform" with a $19 price target, Oppenheimer said Thursday. The firm said future legal costs appear to be finite and manageable.

04/17/14 - 07:55 AM EDT

Article
April 17 Premarket Briefing: 10 Things You Should Know

April 17 Premarket Briefing: 10 Things You Should Know

U.S. stock futures point lower; Google and IBM post disappointing earnings; GE, Goldman Sachs and Morgan Stanley to issue earnings reports Thursday; AmEX earnings climb.

04/17/14 - 07:48 AM EDT

Article
Why U.S. Bancorp (USB) Stock Is Slipping Today

Why U.S. Bancorp (USB) Stock Is Slipping Today

  • Tickers in this article:
  • USB

U.S. Bancorp (USB) is moving lower on Wednesday after first-quarter profits fell 4% on sluggish mortgage revenue.

04/16/14 - 05:17 PM EDT

Article
Fed's Yellen More Concerned About Inflation Running Below 2% Target

Fed's Yellen More Concerned About Inflation Running Below 2% Target

Federal Reserve Chair Janet Yellen says she's more worried that inflation will run under the 2% target than above it.

04/16/14 - 04:45 PM EDT

Article
Why PNC Financial (PNC) Stock Is Moving Higher Today

Why PNC Financial (PNC) Stock Is Moving Higher Today

  • Tickers in this article:
  • PNC

PNC Financial (PNC) is moving higher on Wednesday after beating earnings estimates in its first quarter.

04/16/14 - 01:16 PM EDT

Video
Jim Cramer on Yahoo! and Bank of America Earnings Jim Cramer on Yahoo! and Bank of America Earnings
  • Tickers in this article:
  • YHOO
  • BAC

TheStreet's Jim Cramer says Yahoo's business has stabilized away from Alibaba and it will be able to buy back billions of dollars worth of stock.

04/16/14 - 10:59 AM EDT

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