Downgrading Capital One
Capital One was downgraded to a "neutral" rating from a "buy" rating on Wednesday, by Guggenheim analyst David Darst.
The New York Times is buying Wirecutter for $30 million, while U.S. banks roll out Zelle, a money-transfer platform.
Monetary policy headwinds, legal issues and scandals have put the banking sector on edge this year.
Return on tangible equity is a key profitability measure for U.S. banks, and Citigroup is nowhere close to meeting the 10% threshold that CLSA analyst Mike Mayo says investors demand.