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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor’s note: “Buy SoFi Stock for 24X Gains in 10 Years ” was previously published in December 2022 . It has since been updated to include the most relevant information available. Thereȁ...
Throughout 2022, Wells Fargo (NYSE: WFC) paid a smaller amount of interest on its deposit base than its peers. Investors look for banks with lower-cost deposit bases because they are not as reactionary when the Federal Reserve raises its benchmark lending rate, aka the federal funds r...
Summary In this rapidly changing world, the ability to pivot is a key to success. Rithm Capital is significantly more nimble than its competitors. It is well positioned to grow market share and trades at a nice value. The mortgage origination market is one of the areas mos...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips What will 2023 look like for California-headquartered neo-banking firm SoFi Technologies (NASDAQ: SOFI )? If you’re counting on a rapid recovery for SoFi Technologies, don’t hold your breath. SOFI stock is a...
Summary S&P 500 EPS growth for Q4 is set to come in at -3.9%, the lowest rate in over 2 years, but an improvement from last week. Despite headwinds, an early reading of corporate uncertainty seems to indicate that companies are actually the least anxious they’ve been in 5 yea...
In December, Wells Fargo (NYSE: WFC) agreed to a $3.7 billion settlement with the federal Consumer Financial Protection Bureau (CFPB) for widespread violations in the way it managed auto and mortgage loans. The settlement included a $1.7 billion civil penalty, the largest ever doled out b...
Summary The new 1% excise tax on company stock buybacks is set to include preferred stock as well as common, according to recent IRS initial guidance. This interpretation ignores that preferred stock is more similar to fixed- income instruments than to common stock, and will discourage ...
Summary I'm reviewing earnings calls by the major banks for company specific information as well as macro insights. The big banks are on the front-row seats of the consumer economy. Customers appear to be still in good shape, although credit cards are being run up. My takeaway, ...
Summary JPMorgan posted a good set of earnings for the fourth quarter, with a nearly 10% beat at the pre-provision line and slightly better performance with loan growth and deposit costs. Loan growth is likely to continue slowing from here, while deposit beta is likely to continue to in...
After the Big Four banks — Bank of America ( NYSE: BAC ), Citigroup ( C ), JPMorgan Chase ( JPM ), and Wells Fargo ( NYSE: WFC ) — posted Q4 earnings on Friday, Piper Sandler analyst R. Scott Siefers downgraded Wells Fargo to Neutral and Bank of America to Un...
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U.S. Bancorp's (NYSE: USB) first-quarter 2024 adjusted earnings per share (excluding the impact of notable items) of 90 cents beat the Zacks Co...
As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Othe...
With big bank earnings now in the rearview mirror, CNCB Mad Money host and stock picker Jim Cramer on Wednesday weighed in on which of them impress...