Banking
Banking & Financial Sector News
Bank earnings, interest rate impacts, fintech disruption, and financial sector developments.
Banking
Bank of America Q2 Earnings: Trading Surge Masks NII Miss and Lending Weakness
Bank of America Q2 earnings beat estimates on strong trading and investment banking, but net interest income missed cons
Banking
Citigroup Q2 Profit Surges 45% on Trading and Investment Banking Strength
Citigroup posted a 45% jump in Q2 net income to $5.8B, with revenue reaching a decade high of $24.8B, fueled by strong t
Banking
JPMorgan Q2 Net Income Hits Record $21.2B on Trading Surge, Investment Banking Revival
JPMorgan Chase posted a record Q2 net income of $21.2 billion, driven by an 86% surge in equity trading revenue and a 30
Banking
Josh Brown Picks Citigroup as Top Bank Stock Ahead of Q2 Earnings: Key Drivers
Wealth manager Josh Brown highlights Citigroup as a top bank stock, driven by CEO Jane Fraser's operational turnaround,
Banking
Lloyds Up 47% in 12 Months: Technicals Point to 141p Target
Lloyds shares have rallied 47% over the past year. With robust earnings, cost discipline, and a cup-and-handle pattern,
Banking
Fiserv Surges 6% on Report Major US Banks Eyed Acquisition of Its Debit Network
Fiserv shares rose more than 6% following a report that major US banks, including JPMorgan and Bank of America, held pre
Banking
ECB Orders Eurozone Banks to Submit AI Cyber Defense Plans by October 31
The European Central Bank has ordered eurozone banks to submit cybersecurity action plans by October 31 to counter AI-en
Banking
Barclays Hits 19-Year High: Investment Bank, M&A Boom, and Rate Tailwinds Drive 55% Rally
Barclays shares have soared to their highest since 2007, gaining 55% in 12 months, fueled by a booming investment bank,
Banking
EU Intensifies Child Safety Probe Into Meta's Facebook and Instagram Design
The European Union is preparing preliminary findings against Meta over alleged addictive design on Facebook and Instagra
Banking
UK Bank Stocks Surge on US-Iran Ceasefire, BoE Rate Decision in Focus
UK bank stocks jumped to multi-month highs this week, buoyed by a US-Iran ceasefire deal and ahead of the Bank of Englan
Banking
JPMorgan, Citi, BofA to Launch Shared Blockchain Deposit Network by 2027
Major US banks including JPMorgan, Citi, and BofA are building a shared tokenized deposit network set for 2027, aiming f
Banking
Warsh Fed Nomination Faces Multi-Front Scrutiny Ahead of Senate Banking Hearing
The confirmation process for Kevin Warsh as Federal Reserve Chair is encountering significant political and ethical hurd