Bank of America passed the first round of the Federal Reserve's stress tests, but without much room to spare.
The Fed was upbeat about the results of its expanded round of bank stress tests, but Zions Bancorporation of Salt Lake City failed the test.
Large-cap bank stocks are strong heading into the Federal Reserve's announcement of stress test results, but the "main event" is next week.
This year's augmented stress tests could cause Citi some pain, but the bank should still be able to return plenty of capital to investors.
Most bank stocks rose as the broad market pulled back, after the FOMC tapered as expected and shed light on when sort-term interest rates might rise.
The nation's largest bank agrees to sell its physical commodities trading business to Mercuria Energy Group for $3.5 billion in cash.
Analysts keep cutting their earnings estimates for Citi, but B of A Merrill Lynch analyst Erica Najarian sees 35% upside for the shares.
Credit Suisse cuts its rating on HSBC all the way to "underperform" from "outperform."
Investors expect steady sailing following the first two-day meeting of the Federal Open Market Committee under the leadership of Janet Yellen.
Earnings estimate revision trends are likely to favor Bank of America and JPMorgan Chase over Citigroup over the next year, according to Jefferies analyst Ken Usdin.
Stocks of large U.S. banks were strong on Monday, as investors shrugged off Russia's land grab and cheered rising U.S. manufacturing.
These large-cap U.S. banks that "could reach" into the category of 'best managed Banks,' according to the equity analyst team at RBC Capital Markets.
Shares of Bank of America decline 2% on another weak day for the sector, as investors continued to worry about Russia's aggression in Ukraine.
Independent Bank of Hanover, Mass., can continue its strong EPS growth 'in nearly any environment,' according to KBW analyst Collyn Gilbert.
The custody bank leads the banking sector lower amid a broad market selloff.
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