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Nasdaq Bank ETF
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Updated: 4:15 PM EST, Nov 21, 2024
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Wells Fargo Declares Dividends On Six Series Of Preferred Stock: Details
November 15, 2024
Wells Fargo stock remains steady after announcing quarterly dividends on preferred shares, with payouts scheduled for December 16, 2024.
Via
Benzinga
Citigroup Partners With Bank Of Shanghai To Simplify Payments For Travelers In China: Details
November 13, 2024
Citigroup announced a partnership with Bank of Shanghai to launch a seamless payment solution for international travelers in China.
Via
Benzinga
Bank Of America Predicts Positive Stock Re-Rating For Wells Fargo After Asset Cap Removal
November 11, 2024
A meeting with Wells Fargo CEO Charlie Scharf strengthened analysts' belief that the bank is on track to achieve high-teens ROTE.
Via
Benzinga
Citigroup Streamlines Bill Discounting with New Paperless, Digital Solution For Clients
October 28, 2024
Citigroup launches Citi Digital Bill, a paperless solution for trade receivables, reducing time and enhancing transparency for all parties.
Via
Benzinga
Bank Of America Unveils Longest Foreign Exchange Rate Guarantee
October 21, 2024
Bank of America introduces longest FX rate tenor in industry, reducing currency risk and simplifying treasury management.
Via
Benzinga
Citigroup, Apollo Partner For $25B Private Credit Program, Expanding Corporate Lending Access
September 26, 2024
Citigroup and Apollo Global Management have agreed to a $25 billion private credit and direct lending program, starting in North America and potentially expanding. This aims to enhance access and...
Via
Benzinga
Bank Of America's New Banking Account Helps Parents Teach Kids Money Management: Details
September 26, 2024
Bank of America launches SafeBalance Family Banking, a new account for children under 16, with nationwide availability by December.
Via
Benzinga
Citigroup's China Plans Delayed by US Regulatory Issues: Report
September 23, 2024
Citigroup's expansion plans in China have reportedly encountered a setback with U.S. regulators after the Federal Reserve imposed a penalty on the bank for issues related to data management and risk...
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
Bank Of America Ramps Up Expansion: Over 165 New Financial Centers Set To Open Across 63 US Markets By 2026
September 23, 2024
Bank of America to open more than 165 financial centers by end of 2026, including 40 this year. Expanding retail banking presence in Kentucky.
Via
Benzinga
Wells Fargo Launches New APIs To Boost Efficiency And Productivity: Details
September 17, 2024
Wells Fargo launch specialized APIs for Commercial Banking clients, aiming to boost sales, cut costs and improve liquidity.
Via
Benzinga
Bank Of America Appoints Executives To Lead New Venture: Report
September 17, 2024
Bank of America appointed two executives to spearhead a new initiative aimed at integrating investment banking with wealth management.
Via
Benzinga
Wells Fargo's Anti-Money Laundering Compliance: Analysts See Minimal Impact on Growth Despite Regulatory Hurdles
September 13, 2024
Analysts weigh in on WFC's formal agreement with OCC to enhance AML and sanctions risk management practices.
Via
Benzinga
U.S. Bancorp Enhances Shareholder Returns With New Buyback And Dividend Hike: Details
September 12, 2024
U.S. Bancorp shares are up in premarket after the company announced a $5 billion share repurchase program and a 2% increase in its quarterly dividend.
Via
Benzinga
Bank Of America CEO On Buffett's Share Retreat: 'I Don't Know What Exactly He Is Doing ... We Can't Ask'
September 10, 2024
Bank of America CEO praises Warren Buffett as investor, but doesn't know why he's selling shares. Capital rule changes may affect lending.
Via
Benzinga
What's Going On With Bank Of America Stock On Tuesday?
September 10, 2024
Bank of America stock is up premarket as the company announces a raise in its minimum hourly wage to $24, nearing its $25 target by 2025.
Via
Benzinga
Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M On A Cleaner Planet: Report
September 05, 2024
Bank of America reportedly invests $205 million for tax credits from ethanol producer Harvestone, supporting carbon capture and climate technology.
Via
Benzinga
Citigroup Alleges Ex-Managing Director's Firing Was About Performance, Not Whistleblowing: Report
August 26, 2024
Citigroup responds to lawsuit by former managing director alleging wrongful termination due to performance; bank counters that performance issues were already under review.
Via
Benzinga
Topics
Lawsuit
Exposures
Financial
Legal
What's Going On With Wells Fargo Stock Tuesday?
August 20, 2024
Wells Fargo agreed to sell non-agency third-party servicing segment to Trimont for an undisclosed amount. Transaction expected to close in early 2025.
Via
Benzinga
Appeals Court Rejects Citigroup Whistleblower's Bid For Share In $400M Fine: Report
August 07, 2024
Court rules Citigroup VP not entitled to share of $400M fine for risk management failures, citing lack of evidence and duty to fine.
Via
Benzinga
Topics
Whistleblower
Exposures
Legal
What's Going On With Citigroup Shares Today?
July 31, 2024
Citigroup repeatedly breached Fed rule on intercompany transactions, leading to liquidity reporting errors. Bank faces regulatory issues and fines.
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
What's Going On With Bank Of America Shares Premarket Thursday?
July 25, 2024
Bank of America raised dividend, authorized share buybacks. Q2 EPS beat estimates recently, stock up 30% in 12 months.
Via
Benzinga
Citigroup Pays $138K Fine For Reporting Errors: Report
July 19, 2024
Citigroup agrees to settle claims for failing to report large options contract positions, paying $138,000 fine and $10,600 in related costs.
Via
Benzinga
Topics
Lawsuit
Exposures
Financial
Legal
US Bancorp Q2 Earnings: Net Interest Income Dips, But Fee Income Grows
July 17, 2024
U.S. Bancorp reported Q2 FY24 results, with revenue of $6.867B (-4.3% Y/Y) beating expectations. NII fell 8.9% due to higher interest rates. Adjusted EPS of $0.98 beat consensus of $0.94. USB...
Via
Benzinga
Fed Penalizes Citigroup $136M For Data Management Failures
July 11, 2024
U.S. bank regulators fined Citigroup Inc (NYSE: C) $136 million for inadequate progress on data management issues dating back to 2020. The Federal Reserve and OCC mandate Citigroup to demonstrate...
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
6 Biggest US Banks Ramp Up Buybacks, Undeterred By Stress Tests
June 26, 2024
US banks defy stress tests & buy back $14B in shares, signaling confidence. JPM & BAC slip, WFC up. Banks consider hypothetical crisis scenarios.
Via
Benzinga
Wells Fargo Unveils New Business Credit Card With Cash Rewards: Details
May 13, 2024
Wells Fargo's Signify Business Cash Mastercard offers unlimited 2% cash rewards with no caps or fees, aiming to simplify cash flow for business owners.
Via
Benzinga
Topics
Credit Cards
Exposures
Interest Rates
Why U.S. Bancorp Shares Are Diving Premarket Today
April 17, 2024
U.S. Bancorp reported a decline in revenue and net interest income for Q1 2024, but beat adjusted earnings expectations. FY24 guidance was also lowered.
Via
Benzinga
Bank of America's Q1 Consumer Banking Income Takes A Hit, Adds 1M Credit Card Accounts
April 16, 2024
Bank of America (BAC) reported Q1 net income of $7.2B, beating expectations with EPS of $0.83. Revenue declined, but stock has gained 18% in 12 months.
Via
Benzinga
Topics
Credit Cards
Exposures
Interest Rates
Citigroup's Q1 Revenue Dips Slightly, But Investment Banking and Personal Finance Shine
April 12, 2024
Citigroup Inc reported a 2% revenue decline in Q1, beating expectations. Net income decreased by 27% due to higher expenses and credit costs.
Via
Benzinga
What's Going On With Wells Fargo Shares After Beating Q1 Earnings?
April 12, 2024
Wells Fargo reported Q1 earnings surpassing expectations, driven by increased noninterest income despite a decline in net interest income.
Via
Benzinga
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