Bank of America and Wells Fargo Announce End to NSF Fees
Joining other banks with no or low overdraft fees, Bank of America said that it’s reducing its overdraft fees and eliminating its NSF fees.
Banking
Market Realist has the latest news and updates on banking, U.S. banks, credit unions, and savings and loan associations.
Wells Fargo Cuts Overdraft Fees After Settling a Class-Action Lawsuit
After settling a class-action lawsuit, Wells Fargo has decided to change its overdraft fee policy. Wells Fargo is a leading financial services company.
Buy These 3 U.S. Bank Stocks Amid Rising Rate Environment
Overall, banks should benefit as the Fed switches to hiking interest rates in 2022 due to high inflation. What are the best banking stocks to buy now?Zelle Says Scam Victims May Not Be Able To Recoup Their Money
How does Zelle make money? Learn more about the digital payment network and the scams that use Zelle to bilk people out of their money.Where Do Banks Invest Their Money to Make More Money?
Most people like to keep part of their money in banks. So, where do banks invest their money? How do banks increase their funds?Why Is Bank of America Closing Branches? Some Are Temporary
Bank of America is one of the many banks that are closing down their branches due to various shortages. Some branches might open back up after the holidays.Meet David Solomon: Goldman Sachs CEO by Day, EDM DJ by Night
What’s David Solomon’s net worth? After rising to the top ranks at Goldman Sachs, where he now serves as CEO, Solomon launched a DJ career.JPMorgan Suing Tesla Over Stock Warrant Incident
JPMorgan has opened a lawsuit against Tesla over a stock warrant incident that resulted in Elon Musk being charged with securities fraud.Barclays CEO Jes Staley Will Still Get Paid After His Resignation
Barclays CEO Jes Staley resigned amid an investigation into his relationship with Jeffrey Epstein. What's his net worth?Goldman Sachs Lists Its Semiconductor Stocks: Should You Buy?
Admid the semiconductor shortage, these Goldman Sachs-stock picks could help you profit from the high demand. Should investors buy them?Sprint-Turned-Softbank CEO Marcelo Claure 'Wants to Rule the World'
What’s Marcelo Claure’s net worth? Learn more about the former Sprint CEO and current SoftBank Group International chief.Anne Finucane Retiring as Bank of America’s Vice Chair
What’s Anne Finucane’s net worth? Learn more about the Bank of America executive. She's stepping down as the bank’s vice chair at the end of 2021.Whoop Isn't Publicly Traded Yet, SoftBank Backs the Company
Big-time institutional investors are already in on Whoop. Is the wearable fitness product company publicly traded? What can investors expect?Wells Fargo Abandons Plans to Cancel Existing Personal Lines of Credit
After receiving pushback from customers, Wells Fargo has decided to abandon plans to cancel all existing personal lines of credit.When Is Goldman Sachs Launching Its BNPL Platform With Apple?
The race is on for BNPL (buy now, pay later) platforms. With its planned partnership with Apple, will Goldman Sachs catch up?JPMorgan Chase Clients Can Invest in Crypto Now—Just Not Directly
JPMorgan Chase & Co., has announced that it will provide all wealth management clients access to invest in digital assets.Eyeing a New Bank or Credit Union? Here's How to Make the Switch
As you become more financially literate, you might be inclined to break the status quo and switch banks or credit unions. Here's how to make the switch.What to Do If You Have a Personal Line of Credit With Wells Fargo
With Wells Fargo closing all personal lines of credit in the near future, borrowers want to know how this will impact their credit score.Goldman Sachs Picks Renewable Energy Stocks to Buy Now
Renewable energy stocks have been on a rollercoaster ride. Goldman Sachs has picked some renewable energy stocks. Should you buy these stocks?Comparison of exchange-traded funds and exchange-traded notes
ETFs (exchange-traded funds) have stock-like characteristics, while ETNs (exchange-traded notes) possess bond-like traits.
Bank of America Picks Three EV Supplier Stocks to Play the EV Theme
Investors are still excited about the shift to EVs in the long-term despite a pullback in EV names in 2021. Bank of America offers picks to play this theme.Goldman Sachs: Options Trade Picks to Play Earnings Season Volatility
Goldman Sachs thinks that due to the rotation in equity markets, some investment opportunities have been created. What are Goldman Sachs's options trade picks?JPMorgan CEO Jamie Dimon Is Part of the Billionaires Club
Jamie Dimon’s salary history clearly shows why he's still considered one of the richest men in banking. When did he joined the billionaires club?HSBC Bans Bitcoin Proxy MicroStrategy—Here’s Why
One major bank has decided to prevent its clients from buying shares of MicroStrategy, which is one of the top Bitcoin stocks on the market.Goldman Sachs CEO David M. Solomon Makes a Mint Despite Controversies
Despite multiple controversies under his belt, David M. Solomon relishes in his high-paying role as the Goldman Sachs CEO.Goldman Sachs Puts Tesla and VW At the Top of EV Stock Picks
Goldman Sachs isn't always on the nose, but their analysts hold a lot of expertise—including in the EV space.WeWork Didn’t Work for SoftBank, but SVF Investment Might
SoftBank’s investment track record could be a curse and a blessing. While WeWork didn’t work for SoftBank, SVFAU might. Is the SVFAU SPAC stock a buy before a merger?Why JPMorgan Put Political Donations on Hold for 6 Months
JPMorgan is one of many financial institutions that's halting political donations for the next six months. Why did the company make this decision?Does Jamie Dimon Still Think That Bitcoin Is a Fraud?
Jamie Dimon denies being the spokesperson for bitcoin critics, but he would fire JPMorgan Chase traders for touching bitcoin. What does Dimon think about bitcoin right now?SoftBank’s SVF Investment Corp. Files for IPO, Hype Continues
Softbank has launched a SPAC called SVF Investment Corp., which will focus on the AI space. Should you buy SVF Investment Corp. stock?Must-know update: Are retail sales poised for a spring surge?
For the week ended March 15, retail same-store sales grew 0.7% and 1.5% week-on-week and year-on-year, respectively.
Morgan Stanley Investment Management Thrives in 2Q15
Morgan Stanley’s (MS) Investment Management segment reported a 7% increase, bringing total revenues to $751 billion compared to $705 billion in 2Q14.
Ford Credit’s 2Q15 Profits Rise on Higher Volumes
We’ve seen the 2Q15 performance of Ford’s (F) automotive operations. Now, we’ll look at how Ford Credit contributed to Ford’s 2Q15 profits.
Morgan Stanley’s Capital Position Remains Strong
Since the financial crisis of 2009, there has been intense pressure on US banks to raise capital levels to meet minimum requirements.
Financials Why high-grade debt issuance increased more than three-fold
In the week ending August 8, weekly investment-grade bond (LQD) issuance surged by 222%, week-over-week to come in at $24.975 billion over 19 deals. Issuance was driven by refinancing older and costlier debt, acquisition related financing, share-repurchases, and other general corporate purposes.
How Would Rising Charge-Offs Impact Major Banks’ Earnings?
To make the most of growing consumer spending, major banks focused on their consumer banking business. They’re lending out more consumer loans.
Scale: A Boon or Bane for Apple and Warren Buffett?
For Apple, as Buffett noted during last year’s shareholder meeting, there aren’t a lot of acquisition opportunities that fit into its scale.
Here’s What Impacted Snap Shares Last Month
The stock for social media company Snap (SNAP) fell 16.0% last month to close at $17.77. It’s now trading just above its IPO price of $17.
Why BTIG Is Bullish on PayPal
PayPal (PYPL) could have bright prospects despite the competitive threat it faces from Square and Apple in the online payment market, according to equity research firm BTIG.
A Look at Frontier’s Growth and Challenges in 2017
Frontier’s outlook for 2017 Frontier Communications (FTR) expects moderate improvements in its customer and revenue trends, cost containment, and synergy realization in 2017. It expects synergy realization from the integration of AT&T’s (T) and Verizon’s (VZ) wireline businesses in Connecticut and CTF (California, Texas, and Florida) markets. Frontier completed the acquisition of AT&T’s and Verizon’s […]
Morgan Stanley’s Strong Revenue Model
Morgan Stanley charges fixed fees and performance fees for asset management services, products and services, and administration of accounts.
Must know: Stress tests and the likely timing for rate increases
On March 26, the U.S. Fed released bank stress test results indicating which banks can increase dividend payouts and share buybacks.
After a Lackluster 2Q15, Return on Equity Will Likely Improve
Wall Street analysts expect Goldman Sachs to post return on equity (or ROE) of 11.5% in 3Q15. In 3Q14, ROE for Goldman Sachs was 11.8%.
BlackRock’s Retail Continues to Attract New Clients across Classes
BlackRock’s (BLK) retail business had assets under management (or AUM) of $542 billion as of March 31, 2016.
Will a Partnership with GE Improve BHI’s Returns?
Between December 2014 and December 2016, Baker Hughes (BHI) stock hit its peak in April 2015. It troughed at ~$39 in January 2016.
3-Year Treasury Notes’ Overall Demand Fell on July 7
The US Treasury holds monthly auctions of three-year Treasury notes. The latest auction was held on July 7.
Financials Overview for the Week of June 26–30, 2017
Major banking stocks rose after the Fed approved huge payout plans. Wells Fargo (WFC) rose 2.7% and Citigroup (C) rose 2.8%.
GS Cuts More Jobs than It Did during the 2008 Financial Crisis
Goldman Sachs has been cutting costs in recent quarters. In 2016, 2,600 people may have lost their jobs at GS—the highest number since the financial crisis.
Is It Time to Invest in International Funds?
2016 has mostly been about macro trends, thus presenting a different set of challenges for active fund managers who mostly focus on companies rather than economic and sector trends.
US Dollar Index Fell on Weak Economic Data
The US Dollar Index fell to 93.8 before closing on October 14. It fell due to the release of weak domestic data in the form of the PPI and retail sales.
