US banks see high deposit costs, investment banking boostU.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a f...
17 Jul, 2024, 08.32 PM IST
US stock market: Dow, S&P 500 ease as rate worries mount, banks shares dipInvestors also eagerly awaited results and a forecast from chip company Nvidia due late on Wednesday. Its blockbuster report last quarter f...
23 Aug, 2023, 07.53 AM IST
US bank stocks rebound, regional banking index hits 6-week highShares of major US banks and regional lenders rose on Tuesday, with the KBW Regional Banking index reaching its highest level since April. ...
06 Jun, 2023, 10.30 PM IST
First Republic collapse sparks sector-wide regional bank shares sell-offThe collapse of First Republic Bank, the third major casualty of the US banking sector since 2008, has led to the fall of shares of regiona...
01 May, 2023, 07.52 PM IST
Dow, S&P 500 up as SVB deal lifts bank shares; Nasdaq dipsThe Dow Jones Industrial Average rose 288.66 points, or 0.9%, to 32,526.19, the S&P 500 gained 21.21 points, or 0.53%, to 3,992.2 and the N...
28 Mar, 2023, 01.21 AM IST
Microsoft and Alphabet have best week in years amid bank turmoil“Tech is more of a safe haven than your traditional cyclical sectors, and it has already gone through a re-pricing, which means it looks at...
18 Mar, 2023, 10.44 AM IST
Microsoft and Alphabet have best week in years amid bank turmoilMore than $560 billion in market value has been added to the four biggest US technology and internet companies this week.
18 Mar, 2023, 09.46 AM IST
Bank turmoil helps spur $500-billion advance in big tech stocksMore than $500 billion in market value has been added to the four biggest US tech companies this week. Microsoft advanced 12% and is flirti...
18 Mar, 2023, 07.42 AM IST
Wall Street ends mixed despite bumper big-bank earningsDespite bumper trading and investment-banking revenue, lending by both JP Morgan and Wells Fargo fell from a year ago. Investors will be wa...
15 Apr, 2021, 06.12 AM IST
US bank stocks are back in vogue on stimulus, interest-rate outlookWhether they maintain that momentum depends on the success of President-elect Joe Biden’s agenda, Federal Reserve monetary policy and how q...
10 Jan, 2021, 06.24 PM IST
US ETF investors hasten exodus from financialsOutflows from the $21 billion Financial Select SPDR Fund, or XLF, are driving the record $9.2 billion that’s been pulled from all ETFs trac...
28 Dec, 2018, 10.00 AM IST
Global banks are now entering a 'New World Order', say analystsSince November 8, Citigroup is up 12%, Goldman has risen 16%, Morgan Stanley 18%, JPMorgan Chase and Co 12%, and Bank of America 18%.
21 Nov, 2016, 11.56 AM IST
Bank of America Q4 earnings jump nearly five-foldBank of America Corp. says its fourth-quarter profit jumped from a year earlier, as the loans on the bank's balance sheet continued to impr...
16 Jan, 2014, 03.48 AM IST
- US banks like Bank of America and Citigroup may face margin pressure from Federal Reserve rate policy
Bank of America and Citigroup are among lenders that may find it more difficult to boost profits and capital after the Federal Reserve pled...
27 Jan, 2012, 03.31 AM IST
- BofA sees its biggest loss in lender's history
Bank of America posted the biggest quarterly loss in the lender's history after chief executive Brian T Moynihan booked more costs.
20 Jul, 2011, 03.21 AM IST
- Foreclosure debacle to test US stocks rally next week
US banks will be in limelight next week as some of them report earnings and investors worry a halt to foreclosure proceedings could hit the...
17 Oct, 2010, 12.43 AM IST
- Bank of America reports $1 bn loss in Q3
The total loss for shareholders was even larger, at $2.24 billion, or 26 cents per share, worse than had been expected by most analysts. To...
17 Oct, 2009, 12.04 AM IST