Banks

Active large-cap mutual-fund managers have bigger relative positions in financials such as Wells Fargo and BofA than big tech stocks.

Apple falls after President Donald Trump says the tech giant will have to pay a tariff of at least 25% for iPhones made outside the United States, while Tesla stock is on pace to end a four-week winning streak.

Tesla suffers blow as Senate axes California EV mandate, Supreme Court makes Federal Reserve ruling, and more news to start your day.

The 215-214 vote came early Thursday. Two Republicans opposed it and one voted ‘present.’

The company’s acquisition of Commonwealth Financial Network and its 2,900 financial advisors is drawing keen interest from competitors.

A growing share of lending in the U.S. economy is happening outside the traditional banking system.

The program aims to help advisors with about $50 million to $300 million in client assets launch and grow their own registered investment advisor firm.

The bank and CO280, a Vancouver-based company that funds technology to keep carbon dioxide from being emitted into the atmosphere, signed an offtake agreement.

Fed officials say debt downgrade complicates inflation outlook, Nvidia CEO discusses China chip ban, JPMorgan’s investor day, and more news to start your day.

‘What we’ve told you is that the board has intent...to be thinking about succession, and we should be doing that,’ the CEO says at JPMorgan’s Investor Day.

The credit downgrades follows its decision to remove the AAA rating from te United States.

The company launched the robo-advisor in 2018, aiming to serve clients with smaller sums to invest.

A long winter for corporate dealmaking could finally be about to thaw.

It is unclear why Buffett is less enthusiastic about banks since they check some of his investment boxes, including reasonable valuations. 

Banks are cheering Michelle Bowman’s nomination as the Federal Reserve’s new vice chair for supervision. Critics worry about the erosion of financial safeguards.

Walmart warns of higher prices, the Fed’s era of activism, Berkshire Hathaway trims bank stakes, and more news to start your day.

Some 90% of U.S. lenders, and credit-reporting firms Equifax, Experian, and TransUnion, rely on Fair Isaac’s FICO credit scores.

Warren Buffett’s conglomerate also disclosed it roughly doubled its holding in Constellation Brands.

Shares are up by a third this year, aided by the advance of the euro against the dollar. But with the ECB loosening and U.S. tariffs a major uncertainty, the way ahead could be more difficult.

Investors should find out which stocks Warren Buffett’s company bought and sold when it files its 13-F report of its equity holdings, likely on Thursday.

The company saw outflows increase as customers withdrew money to pay tax bills.

Trump’s Middle East trip, April inflation data cools, UnitedHealth CEO steps down, and more news to start your day.

Serious delinquencies on student loans jumped to about 8% after the first quarter of loan repayment data was reported.

The deal is the latest as the U.S. megabank continues to streamline its businesses.

The latest Bank of America Fund Manager Survey shows investors favor euro area stocks by the most since 2017.