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JP Morgan (JPM +2.7%), Wells Fargo (WFC +2.4%), Citi (C +2.8%), Morgan Stanley (MS +2.8%), and Amex (AXP +2.1%) are all up more than 2% today after a 313K print on the February jobs number.ETFs:...
The Volcker Rule isn't working well, says Fed Governor Randal Quarles, calling implementation of the legislation is too complex.The rule, he says, prohibits banks from taking risk proprietary trading...
Among the discussions taking place in bank boardrooms of late: When will Amazon (NASDAQ:AMZN) show up to claim our margins? Maybe not too much longer, according to the WSJ, which reports Amazon as in...
Regulators are examining potential changes that can be made to the legislation which bans proprietary trading using the bank’s own capital.Banks under $10B in assets are likely to get relief as...
Investing.com - Bank stocks have emerged as one of the favorite sectors on Wall Street. Higher interest rates may be seen as a threat in some quarters of the market but rising rates are good for the...
The broad banking indices ((KRE +2%), (KBE +1.8%)) are up more than double that of the S&P 500 following the release of the minutes from the FOMC's January meeting.Some were expecting the minutes...
Commercial and industrial loan demand has fallen, but weakness may mean growth ahead according to Aaron Back at the WSJ. January was a "speed bump," and loan growth should soon pick up, he...
The number of U.S. bank branches fell by more than 1.7K in the 12 months ended June 2017, according to the WSJ. That would be the fastest pace since the numbers began being collected.Branches...
Bank stocks have been among the major beneficiaries of the reduced corporate tax rate as a relatively high proportion of bank business takes place in the U.S.While Q4 reports included some sizable...
Bank of America (BAC -2.3%), Goldman Sachs (GS -3.2%), and U.S. Bancorp (USB -2.8%) are all nicely lower after topping earnings estimates for Q4. In BofA's case, one might expect the bulls to take a...
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