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Zacks News
Should You Invest in the Invesco KBW Bank ETF (KBWB)?
by Zacks Equity Research
Sector ETF report for KBWB
How Will Bank ETFs Perform in Light of Q2 Earnings?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers this week. Let's find out what's in store for bank ETFs.
Major U.S. Banks Report: Global Week Ahead
by John Blank
Now it's time for earnings, with JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) all scheduled to report second quarter earnings on July 14th.
Wall Street Awaits CPI, PPI Inflation Data
by Zacks Equity Research
Wall Street Awaits CPI, PPI Inflation Data
FRC Deal, Rates to Aid JPMorgan (JPM) Q2 Earnings, IB to Hurt
by Zacks Equity Research
The buyout of First Republic Bank, high rates and decent loan demand are expected to have aided JPMorgan's (JPM) Q2 earnings amid rising funding costs, higher provisions and muted IB, mortgage banking and market performances.
JPMorgan, Citigroup and Wells Fargo are part of Zacks Earnings Preview
by Zacks Equity Research
JPMorgan, Citigroup and Wells Fargo are highlights of Zacks Earnings Preview article.
The Q2 Earnings Season Kicks Off
by Sheraz Mian
The June quarter earnings reporting cycle will start grabbing the market's attention this week, with JPMorgan and other big banks coming out with their Q2 results.
JPMorgan Chase & Co. (JPM) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
JPMorgan Chase & Co. (JPM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BofA (BAC) Plans Dividend Hike Despite Stress Test Discrepancy
by Zacks Equity Research
Bank of America (BAC) intends to hike its quarterly dividend by 9.1%. Its previously announced dialogue with the Federal Reserve to understand the stress test result difference is ongoing.
Zacks Earnings Trends Highlights: JPMorgan, Citigroup and Wells Fargo
by Zacks Equity Research
JPMorgan, Citigroup and Wells Fargo are part of the Zacks Earnings Trends blog.
Bank Earnings Looming: What To Expect
by Sheraz Mian
The Finance sector as a whole is expected to show +10.9% earnings growth in Q2 on +6.2% higher revenues. Where do we go from here?
Bank Earnings Looming: What To Expect
by Sheraz Mian
The Finance sector as a whole is expected to show +10.9% earnings growth in Q2 on +6.2% higher revenues. Where do we go from here?
JPMorgan Chase & Co. (JPM) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
In the latest trading session, JPMorgan Chase & Co. (JPM) closed at $144.64, marking a -1.34% move from the previous day.
Deutsche Bank (DB) Completes Technical Integration of Postbank
by Zacks Equity Research
Deutsche Bank (DB) announces the completion of the technological integration of Postbank. It began the acquisition of Postbank in 2008 during the global financial crisis.
Citizens Financial's (CFG) Capital Needs Become Stringent
by Zacks Equity Research
An increase in SCB implies a regulatory minimum CET1 ratio of 8.5% for Citizens Financial (CFG). Nonetheless, the company is likely to continue repurchase activities.
Top Japan-Based Lenders Aim to Win Bigger IB Deals in the US
by Nikita Kataruka
Top lenders in Japan, including Mizuho (MFG), seek to win bigger investment banking deals in the United States to make better utilization of their balance sheets.
3 Top Performing S&P 500 Banks in the First Half of 2023
by Swayta Shah
Bank stocks witness a terrible start to 2023 due to the banking crisis and a gradual fall in loan demand on high rates. Only three S&P 500 banks - JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C) - end the first half in green on solid fundamentals.
PNC Financial (PNC) Ups Dividend, Expects SCB to Dip to 2.5%
by Zacks Equity Research
With expectations of a decrease in the SCB for PNC Financial (PNC), the company increases its quarterly dividend by 3.3%. However, it expects to reduce its share repurchase activity.
Citi (C) Raises Dividend Despite Higher Stress Capital Buffer
by Zacks Equity Research
Citigroup's (C) SCB requirement increases to 4.3% from the current 4%. Nonetheless, it plans to hike the current quarterly dividend by 4% to 53 cents per share for third-quarter 2023.
BofA (BAC) Delays Dividend Amid Stress Test Result Discrepancy
by Zacks Equity Research
Bank of America (BAC) delays announcing its dividend because of differences in the results of its stress test and that of the Fed.
Goldman (GS) to Hike Dividend by 10% Post Stress Test Results
by Zacks Equity Research
With a minimum Standardized CET1 ratio requirement of 13% determined for Goldman (GS) effective Oct 1, it announces plans to increase the quarterly dividend by 10%.
Wells Fargo (WFC) Hikes Dividend by 17%, To Continue Buybacks
by Zacks Equity Research
With a decrease in the stress capital buffer for Wells Fargo (WFC), it announces plans to increase its quarterly dividend by 10% and continue repurchases through second-quarter 2024.
Large Banks to Boost Dividends After Clearing Stress Test
by Swayta Shah
Large banks, including JPM, C and MS, to lift dividends after sailing through the 2023 stress test. BAC didn't provide any updates. Regional banks like TFC will not hike dividends on potential higher capital requirements.
Stock Market News for Jun 30, 2023
by Zacks Equity Research
U.S. stock markets closed mostly higher on Thursday after major banks cleared the Fed???s annual stress test.
Banks to be Conservative Despite Passing 2023 Stress Test
by Nikita Kataruka
All 23 banks have passed the Federal Reserve's 2023 stress test. Yet, the banks, expected to announce capital plans on Friday, will likely be a little conservative this time.