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Zacks News
State Street CEO Gets Highest Pay in 2017, 26% Rise Y/Y
by Zacks Equity Research
State Street's (STT) CEO Joseph Hooley gets $16 million as annual pay for 2017, marking the highest that he has ever received as CEO of the company.
Tech Selloff & Fed Meeting Put These ETFs in Focus
by Sweta Killa
Below are four ETFs that are especially volatile in the wake of the Facebook woes and amid uncertainty regarding the future of the interest rates hike.
Zacks Industry Outlook Highlights: Goldman Sachs, JPMorgan, Morgan Stanley and Bank of America
by Zacks Equity Research
Zacks Industry Outlook Highlights: Goldman Sachs, JPMorgan, Morgan Stanley and Bank of America
Marsh & McLennan Joins EEA to Further Blockchain Adoption
by Zacks Equity Research
Marsh & McLennan's (MMC) unit joins the EEA to further the adoption of blockchain technology application.
Germany Sees Most Job Expansion by Foreign Banks Post Brexit
by Zacks Equity Research
The German bank association expects that out of the many banks that need to shift operation from London, post Brexit, nearly 20 banks will expand in Germany, particularly in Frankfurt.
Fifth Third Unveils Cardless ATMs to Boost Digitalization
by Zacks Equity Research
Fifth Third Bancorp (FITB) officially rolls out cardless technology at more than 2,500 ATMs in 10 states which will allow customers to use ATMs without physical debit cards.
CVS Health a Step Closer to Aetna Merger: Boon or Bane?
by Zacks Equity Research
The CVS Health (CVS)-Aetna deal has surfaced after Amazon, Berkshire Hathaway and JPMorgan Chase revealed their plans to form a joint venture.
Stock Market News for March 14, 2018
by Zacks Equity Research
Benchmarks finished in negative territory on Tuesday after Trump administration dismissed U.S. Secretary of State Rex Tillerson
Should Banks Feel Threatened by Amazon's Entry?
by Swayta Shah
As Amazon (AMZN) intends to enter the banking space, existing banks must counter the intrusion by making their products and services more attractive.
Stock Market News for March 12, 2018
by Zacks Equity Research
An investor friendly jobs report led the benchmarks to close in the green on Friday, with the Nasdaq reaching an all-time high
Morgan Stanley (MS) Ratings, Outlook Affirmed by Moody's
by Zacks Equity Research
Morgan Stanley's (MS) ratings and outlook affirmation reflects strong fundamentals and further scope for improvement in profitability.
Bank Stock Roundup: Trading Rebound, Lesser Regulations & Wells Fargo
by Zacks Equity Research
Rebound in trading activities, expectation of lesser regulations and chances of rate hike support banking stocks' performance.
Cigna to Buy Express Scripts: Healthcare ETFs in Focus
by Sweta Killa
Waves of mergers and acquisitions have been heating up the healthcare space.
Congress Moves to Repeal Dodd-Frank: Custodian Banks to Gain
by Zacks Equity Research
After the reduction in corporate tax rates in late 2017, the banking sector now looks forward to lessening of regulations that would lower costs.
Bank Stocks Up on Expected Trading Revenues Rebound in Q1
by Zacks Equity Research
Banks expect trading revenues to rebound in first-quarter 2018 on increased volatility.
Amazon CEO Tops Forbes Rich List, Shares Hit 52-Week High
by Zacks Equity Research
Amazon (AMZN) attains 52-week high on AWS strength and diversified presence. Meanwhile, CEO Jeff Bezos tops Forbes Rich List for the first time.
RBS Closes Mortgage Mis-Selling Probe With New York for $500M
by Zacks Equity Research
Settlement with the U.S. justice department continues to remain a concern for the Royal Bank of Scotland Group (RBS).
BB&T (BBT) Raises CEO King's 2017 Compensation by 9.1%
by Zacks Equity Research
BB&T (BBT) raised 2017's total compensation for its CEO as well as COO by 9.1% and 24.6%, respectively, through stock grants.
Profit From Share Buyback Boom With These ETFs
by Sweta Killa
2018 is expected to be the second-busiest year for buybacks since the bull market began in 2009 buoyed by the new tax law.
Amazon (AMZN) Gains As Company Eyes Bank Deals, Checking Accounts
by Ryan McQueeney
Shares of Amazon (AMZN) surged more than 1.2% in late-morning trading Monday after new reports linked the company to the financial industry.
Fretting Over Trump Tariffs? Buy 5 Ultra-Safe Stocks Now
by Tirthankar Chakraborty
Trump tariffs could harm global economic growth that was widely seen as the major driving force behind the stock market's rally in 2017.
The Zacks Analyst Blog Highlights: Citigroup, Wells Fargo and JPMorgan
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Citigroup, Wells Fargo and JPMorgan
Bank Stock Roundup: Powell's Congressional Testimony, Citi, Wells Fargo in Focus
by Zacks Equity Research
Aggressive rate hikes and improving economy will be beneficial for the banks' financial performance.
Stock Market News for March 2, 2018
by Zacks Equity Research
Benchmarks closed in the red on Thursday after President Trump said that new tariffs will be imposed on aluminum and steel imports by the U.S. next week
The Zacks Analyst Blog Highlights: JPMorgan, Bank of America, Citigroup and U.S. Bancorp
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan, Bank of America, Citigroup and U.S. Bancorp