Banks


Another Rough Friday for Bank, Brokerage Stocks as Oil Spikes and Jobs Report Disappoints

Big consumer banks and small fintechs were have been taking hits over concerns about inflation, interest rates, and macroeconomic uncertainty.

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Robinhood Aims High With New Products, Including a Premium Credit Card

The company is rolling out new features and services to win affluent investors as well as gain wallet share with existing customers.

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Warsh’s Nomination for Fed Chair Has Finally Been Sent to the Senate. Now What?

The White House has formally opened a confirmation process that faces at least one significant obstacle in committee.

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Bank, Brokerage Stocks Recover Lost Ground After Last Week’s Selloff—Despite Iran Conflict

Shares of consumer bank Wells Fargo, wealth manager Morgan Stanley, and other financial services companies were rising Monday.

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Fidelity Profit Soared Last Year Amid Bull Market for Stocks

Investor trading activity jumped last year, with daily average trades up 31% year over year, according to Fidelity.

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Bank, Brokerage Stocks Suffer Their Worst Day in Months. Here’s Why.

Financial stocks have taken hits recently as investors weigh the impact of potential AI-related disruption.

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Netflix, Paramount, Block, Sunrun, Dell, Rocket Lab, Nvidia, CoreWeave, and More Stock Market Movers

Netflix drops out of the bidding war for Warner Bros., leaving Paramount Skydance victorious in its quest for the Hollywood company.

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All Eyes on Goldman Sachs as Key Support Wobbles

Goldman Sachs stock is hovering near a critical technical level around $875. A decisive breakdown could signal deeper weakness in financials and raise concerns for the broader market.

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RBC Earnings Beat Estimates, Boosted by Personal Banking, Wealth Management

The Canadian bank’s wealth management business got a boost from strong equity markets in North America last year.

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LPL Financial Says SEC Ended Its Investigation Into Company’s Cash Sweep Program

The commission began looking into LPL’s cash management program for corporate advisory accounts in August 2024.

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It’s a Chaotic Market. Take the Long-Term View.

Our “time arbitrage” strategy, which monetizes short-term volatility for long-term gain, provides a simple framework for making decisions amid uncertainty.

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UBS Promotes Lisa Golia to Oversee U.S. Financial Advisors

Golia, who joined UBS from Morgan Stanley two years ago, has been serving as U.S. chief operating officer for Global Wealth Management.

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From JPMorgan’s New Skyscraper, Top Brass Is Grilled on AI and Competition

The race to gain an edge through AI tools was top of mind for JPMorgan shareholders at its investor meeting.

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White House Talks Over Stalled Crypto Bill Drag on. It Matters for Coinbase.

The industry is running out of time for Congress to approve legislation defining how it will be regulated.

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Meet Hazel, the AI Tool That Sparked a Stock Market Selloff

Advisors using fintech Altruist’s AI-powered Hazel platform are bullish on the technology’s power to boost their business. “The hype is real,” says one advisor.

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Why Warsh Won’t Be Remembered for Cutting Rates

The likely next chair of the Federal Reserve will be judged by his handling of broader market issues, Ross Levine writes in a guest commentary.

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Berkshire Buys New York Times Stock; Sells Apple, Bank of America, Amazon In 4Q

The filing came from the last quarter in which Warren Buffett was still the CEO.

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The AI Selloff Has Covid Parallels, Say Analysts. These Sectors Can Survive.

It’s not just U.S. investors getting jittery about the impact of artificial intelligence on stocks.

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Berkshire Hathaway Might Have Sold More Apple, Bank of America Stock in Fourth Quarter

The company’s filing of its fourth-quarter equity holdings is expected Tuesday.

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Charles Schwab Isn’t Worried About AI. CEO Rick Wurster Explains How It Is Using It Now.

Following a sudden AI-related selloff in wealth management stocks, Wurster explains why the industry stands to benefit from tech advances.

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Robinhood Stock Is Falling Again. Crypto Weakness Likely Is to Blame.

Shares of the brokerage firm dropped a day after it reported mixed earnings results.

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PNC Bank Targets the Mass Affluent With New Banking and Investing Service

The company plans to hire hundreds of financial advisors and bankers to serve customers.

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Robinhood Stock Tumbles as Crypto-Related Revenue Falls Short of Expectations

The company’s fourth-quarter earnings report lands amid a volatile period for the stock.

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Wealth Management Stocks Take a Hit. Blame AI.

On guard for disruptive threats, investors appear quick to dump stocks they perceive to be threatened by developments in artificial intelligence.

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An Activist Investor Enters Wall Street Banks’ Cozy Club

HoldCo’s presentation at a UBS banking conference this week underscored the fund’s growing influence on Wall Street.

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