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Zacks News
Mitsubishi UFJ (MUFG) Talks for HDBF Stake Hit a Road Block
by Zacks Equity Research
Mitsubishi UFJ's (MUFG) negotiation for a minority stake in the HDFC's consumer lending unit, HDB Financials, is delayed. The company is considering sweetening its offer to crack the deal.
Company News for Jul 2, 2024
by Zacks Equity Research
Companies in The News Are: TSLA, JPM, AMZN, CBRE
5 S&P 500 Banks That Outperformed the Index in the First Half
by Swayta Shah
Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.
Jefferies (JEF) Q2 Results Show Rebound in IB: Others to Follow?
by Swayta Shah
Jefferies (JEF) Q2 results reflect a marked improvement in IB revenues. So, other banks - JPMorgan (JPM), Citigroup (C) and Bank of America (BAC) - will fare resoundingly well too.
Truist (TFC) Declares SCB, Rewards Shareholders With Buyback Plan
by Zacks Equity Research
Truist's (TFC) board of directors has approved a share repurchase authorization worth $5 billion through 2026, following the clearance of the 2024 stress test.
BNY Mellon (BK) Intends to Hike Quarterly Dividend by 11.9%
by Zacks Equity Research
BNY Mellon (BK) plans to increase quarterly cash dividend by 11.9% to 47 cents per share following the 2024 stress test results, which reflect a robust and resilient balance sheet and capital position.
Goldman (GS) & Others Boost Payouts Following Stress Test
by Zacks Equity Research
U.S. banks, including Goldman (GS), JPMorgan (JPM) and Bank of America (BAC), Citigroup (C), Fifth Third Bancorp (FITB), among others, are lifting their payouts in the wake of stress test.
Citizens Financial (CFG) Declares SCB & Planned Capital Actions
by Zacks Equity Research
Citizens Financial (CFG) expands share repurchase plan by $656 million following the stress test results. Given the company's solid balance sheet and decent liquidity profile, this seems sustainable.
Top Stocks to Consider After Cooler PCE Data
by Shaun Pruitt
On Friday, Core PCE, the Fed's preferred inflationary measure optimistically reflected a 0.1% uptick in May compared to a 0.3% increase in April.
JPMorgan (JPM) & Others to Pay $46M to End Rate Swaps Trial
by Zacks Equity Research
Several major global banks, including JPMorgan (JPM), Goldman Sachs (GS) and BNP Paribas SA (BNPQY), agree to pay $46 million (in total) to settle the interest-rate swap case.
Jefferies (JEF) Hits 52-Week High on Q2 Earnings Beat, IB Fees Up
by Zacks Equity Research
The resurgence of IB business and solid trading performance support Jefferies' (JEF) fiscal Q2 results, leading to higher net revenues. A rise in operating expenses acts as an undermining factor.
The Zacks Analyst Blog Highlights JPMorgan, Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of America, Citigroup and Fifth Third
by Zacks Equity Research
JPMorgan, Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of America, Citigroup and Fifth Third are included in this Analyst Blog.
Banks Clear 2024 Stress Test: Will Payouts be Bigger This Time?
by Swayta Shah
This year, all 31 banks, including JPMorgan, Goldman, Morgan Stanley, Citigroup and Fifth Third Bancorp, have cleared the stress test. The payouts are likely to be conservative due to lingering headwinds.
Should You Invest in the Fidelity MSCI Financials Index ETF (FNCL)?
by Zacks Equity Research
Sector ETF report for FNCL
Should You Invest in the Financial Select Sector SPDR ETF (XLF)?
by Zacks Equity Research
Sector ETF report for XLF
Mitsubishi (MUFG) Units Get Business Improvement Order by FSA
by Zacks Equity Research
Mitsubishi (MUFG) units plan to submit business improvement strategies and reports related to administrative action to the FSA based on business improvement orders.
Large Banks to be Conservative About Shareholder Payouts
by Swayta Shah
The 2024 stress test results are due this Wednesday. So, banks - JPMorgan (JPM), Goldman (GS), Morgan Stanley (MS), Bank of America (BAC) and Citizens Financial Group (CFG) - are in the spotlight.
JPMorgan Chase & Co. (JPM) Increases Despite Market Slip: Here's What You Need to Know
by Zacks Equity Research
In the most recent trading session, JPMorgan Chase & Co. (JPM) closed at $198.88, indicating a +1.31% shift from the previous trading day.
JPMorgan (JPM), Others Living Will Plan Chided by Regulators
by Riya Anand
JPMorgan (JPM), Citigroup (C), Bank of America (BAC), and Goldman Sachs (GS) 'living wills' plan is criticized by U.S. regulators. The firms are to submit plans to correct inadequacies by September.
JPMorgan (JPM) Announces Plans to Expand in South Florida
by Zacks Equity Research
Being one of JPMorgan's (JPM) key strategic regions in the country, the bank announces plans to expand in South Florida.
Mitsubishi (MUFG) Units Penalized for Client Data Breach in Japan
by Zacks Equity Research
Mitsubishi (MUFG) announces that its units have been penalized by Japan's FSA for breaching client confidentiality. The regulators seek detailed reports on the cause and prevention of such misconduct.
Should WisdomTree U.S. Total Dividend ETF (DTD) Be on Your Investing Radar?
by Zacks Equity Research
Style Box ETF report for DTD
Morgan Stanley (MS) Increases Investments in Latin America
by Zacks Equity Research
Morgan Stanley (MS) increases its investments in the Latin America region amid growing geopolitical tensions elsewhere in the world.
Is Micron (MU) Likely to Beat Estimates This Earnings Season?
by Zacks Equity Research
Strong demand for memory chips used for GPU-enabled AI servers, along with an improving supply-demand environment and higher prices for DRAM and NAND, is likely to have aided Micron's (MU) Q3 performance.
Citigroup (C) Q2 IB Fees to Surge 50% on Upbeat Capital Markets
by Zacks Equity Research
Citigroup (C) projects a 50% surge in investment banking fees. This is likely to be driven by improved projections for merger advisory and debt and equity underwriting.