JPMorgan Chase & Co. on Monday drew a downgrade to peer perform while Bank of America Corp. was highlighted as a top pick at Wolfe Research before the big banks deliver profit updates in the coming days.
The old saying of “it takes money to make money” doesn't apply to investing anymore. The democratization of Wall Street now allows investors with as little as $50 to invest in stocks to buy.
Stocks like Citigroup (C), JPMorgan (JPM) and Bank of America (BAC) are expected to maintain their momentum and keep scaling new highs.
Bank of America Corp BAC stock hit a new 52-week high of $40.96 on Tuesday, continuing its impressive run.
You don't have to shell out big bucks to buy quality stocks. There are a lot of great stocks available to buy for less than $50.
The industry's deposit growth is faring better than expected, an analyst says.
The banking sector has a reputation for being a lucrative space for investors. Not only do bank stocks pay out massive dividends and yield impressive returns, but they are also great options for investors looking to build strong portfolios.
Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What's called the Fed's “stress test” ended last week, and despite some concerns about the state of consumer credit, most banks passed with flying colors.
Latin America's MercadoLibre is in an ideal position to capitalize on the region's impending mobile e-commerce boom. Despite its age and massive size, Alphabet still has several growth engines other than Google that it can put to work.
Rapidly rising interest rates have boosted its net interest income in recent years. Higher interest rates are also why it has $113 billion in unrealized losses on its loan portfolio.
Here is a rundown of some of the Friday announcements from U.S. banks that were subject to this week's stress tests.
Big banks plan to pay out more to shareholders after passing regulators' annual stress test results earlier this week.