A Fintech Collapse Is Rippling Through a Small Corner of the Banking World
GL, SYF Among Top S&P 500 Financial Movers in Q2
US Banks Bump Up Dividends Following Fed's Successful Stress Test
Several prominent U.S. banks have declared their intentions to raise their dividends for Q3, following their successful performance in the Federal Reserve's annual stress test.What Happened: U.S. bank
RBC Capital Maintains Bank of America(BAC.US) With Buy Rating, Maintains Target Price $39
RBC Capital analyst Gerard Cassidy maintains $Bank of America(BAC.US)$ with a buy rating, and maintains the target price at $39.According to TipRanks data, the analyst has a success rate of 61.4% and
Bank of America, JPMorgan, Goldman Raise Investor Payouts Post-Stress Tests -- Barrons.com
By Rebecca Ungarino The largest U.S. banks said on Friday evening that they would increase payouts to investors in moves that were generally expected after lenders sailed through the Federal Reserve'
Big Banks Boost Dividends After Passing Stress Tests -- WSJ
By AnnaMaria Andriotis and Alexander Saeedy Big banks plan to pay out more to shareholders after passing regulators' annual stress test results earlier this week. JPMorgan Chase said it plans to inc
Large US banks have announced an increase in dividends, all of which have passed the Federal Reserve stress tests.
Major US banks announced increases in dividends on Friday, all of which had previously passed the Federal Reserve's annual stress tests. Big banks such as JPMorgan and Bank of America announced increases in dividends. Just two days ago, the regulatory assessment showed that all 31 banks participating in the test could maintain sufficient capital and withstand the hypothetical test scenario of an economic recession. Other banks that raised dividends include Citigroup, Wells Fargo & Co, and Morgan Stanley. JPMorgan and Morgan Stanley also approved share buyback plans of billions of dollars. Major US banks announced increases in dividends on Friday for new quarterly dividends and previous quarters.
JPMorgan, Citi, BofA, Wells Fargo All Boost Dividends
Bank of America Plans to Boost Quarterly Dividend by 8% Starting Q3
Bank of America (BAC) said Friday it plans to increase its quarterly dividend by 8% to $0.26 per share, to be implemented starting in Q3. The bank also said its stress capital buffer, or SCB will be 3
Express News | Bank of America To Increase Quarterly Dividend By 8% To $0.28/Share; Says Has $197B Of Regulatory CET1 Capital And CET1 Ration Of 11.9%, Exceeding Regulatory Min. Requirement
Bank of America: Based on 2024 CCAR Results, Stress Capital Buffer Will Be 3.2% and the CET1 Minimum Requirement Will Be 10.7% When Finalized
Bank of America: Based on 2024 CCAR Results, Stress Capital Buffer Will Be 3.2% and the CET1 Minimum Requirement Will Be 10.7% When Finalized
Express News | Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.26 per Share
Bank of America Options Spot-On: On June 28th, 176.09K Contracts Were Traded, With 3.05 Million Open Interest
On June 28th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 176.09K options for the day, of which put options accounted for 34.31% of the total transactions,
US Treasury bonds see the largest monthly increase since 2024, with PCE data boosting expectations of a rate cut.
US government bond is expected to achieve the largest monthly increase of the year, as a core inflation index favored by the Federal Reserve slowed down, boosting market expectations of interest rate cuts this year. The 10-year yield fell about 2 basis points to 4.26% on Friday, with a monthly decline of 23 basis points, the biggest since December last year. The 2-year yield fell by about 2 basis points to 4.68%, continuing its declining trend since June. Interest rate swap traders expect a interest rate cut of about 45 basis points this year, and interest rates will definitely cut once by the end of November. Core PCE price index increased by 0.1% month-on-month, the smallest increase in six months. "The data completely matches the expected".
Jefferies Q2 Results Point to Improving IB Outlook for Big Banks, Mike Mayo Says
How long will the strong US dollar last? Bank of America Merrill Lynch: Short-term continuation of strength, with inflation stickiness determining the trend in the second half of the year.
As the expectation of a Fed rate cut recedes, the USD index has broken through the key level of 106 and returned to an upward trend.
Bank of America Securities: Reaffirmed Cathay Pacific Airways' "buy" rating with a target price raised to HKD 12.
Bank of America Securities released a research report, reiterating its 'buy' rating on Cathay Pac Air (00293), lowering its earnings per share forecast for fiscal year 2024 by 5% to reflect weakening contributions from Cathay Pacific. At the same time, the earnings per share forecast for fiscal years 2025 to 2026 was raised by 15% due to improved prospects in the cargo shipping cycle, with the target price raised from HKD 11.5 to HKD 12. The report said that the company's passenger revenue yield in the first half of 2024 is normalizing, in line with previous business guidelines. In addition, with the push of seasonal factors, student traffic, and stable business demand, Cathay Pacific's advance booking performance for passenger flights is strong.
Bank Stress Tests 'Much Bigger Surprise Than Expected,' Will Delay Future Investment Plans: JPMorgan
A JPMorgan analyst has reacted to the Federal Reserve's annual stress test results for U.S. banks, which assess their resilience by estimating losses, revenues, expenses, and capital levels under vari
Bank of America Options Spot-On: On June 27th, 152.59K Contracts Were Traded, With 3.03 Million Open Interest
On June 27th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 152.59K options for the day, of which put options accounted for 37.59% of the total transactions,
10 Financials Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan