Banks


Klarna Stock Tumbles After First Earnings Report. What Investors Should Know.

Shares of the buy-now, pay-later provider have tumbled since its public trading debut in September.

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Moody’s Upgrades Its Outlook on Banks, but Flags Deregulation as a Risk

The credit ratings firm has a rosier outlook for banks, even as worries about credit quality have grown in recent months.

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Charles Schwab Reels in $44 Billion in New Assets Amid Bull Market for Stocks

The company said customers opened 429,000 new brokerage accounts during October, a 30% year-over-year increase.

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Morgan Stanley, Chubb, and 4 Other Financial Stocks With Generous Yields

These six stocks offer relatively attractive valuations, nice yields, and dividends that are safe and growing.

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Nvidia Stock Drops After SoftBank Dumps Stake

The sale comes in the run up to Nvidia's earnings on Nov. 19

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Charles Schwab’s CEO Is Worried About Prediction Markets. What He Told Thousands of Financial Advisors.

Prediction markets are all the rage, but Schwab CEO Rick Wurster warns that caution is warranted. Here’s why.

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Visa and Mastercard Strike a Fee Deal. The Winners and Losers.

The agreement would allow merchants to lower fees and reject certain credit cards. But what does it mean for the stocks—and shoppers.

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Musk’s Tesla Pay Isn’t the Biggest Concern From the Shareholder Meeting. This Is.

Air travelers meet the realities of a prolonged government shutdown, holiday retail sales could top $1 trillion, and more news to start your day.

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At Bank of America’s Investor Day, M&A Hints, Would-Be CEOs, and AI Pitches

After dropping Wednesday during investor day, Bank of America stock bounced back on Thursday.

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Charles Schwab Wants to Provide Clients With Access to Private Assets. It’s Buying Forge Global.

The deal would enable Schwab to offer individual investors and financial advisors greater access to private markets at a time when more companies are electing to remain private.

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Merrill Lynch’s Growth Plans Draw Heavily From Bank of America Foundation

The wealth manager looks to grab more market share and improve its margins through a combination of building its advisor force, promoting alternative investments, and offering more banking and lending services.

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Bank of America Stock Slides as Firm Holds First Investor Day in 14 Years

Bank of America raised key financial targets on Wednesday during the company’s first investor day since 2011. Investors appeared underwhelmed.

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Younger Borrowers Show Signs of Financial Stress as Debt Levels Climb

Many Americans in their 20s and 30s aren’t able to draw on the full wealth effects of strong stock market gains and real estate equity.

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Wall Street Heads Into Another Robust Bonus Season

Financial sector professionals could see double-digit percentage increases thanks to stronger revenue growth, a soaring stock market, and improved business performances.

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Berkshire May Have Sold Apple, Bank of America Stock in Third Quarter

Berkshire didn’t disclose any sales of the two stocks, but the 10-Q offers some clues that the two stocks may have been sold.

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Bank of America’s First Investor Day Since 2011 Is Coming. Why the CEO Is on the Hot Seat.

Bank of America’s stock has lagged behind rivals, notably industry leader JPMorgan Chase, over the past five years.

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Bank of America Has a Game Plan to Catch Up to Its Peers. It’s Time to Buy the Stock.

“The forgotten Goliath” of the big banks is serious about shedding its reputation as an underachiever. CEO Brian Moynihan’s future may depend on it.

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Stifel CEO Bats Down Idea Company Is for Sale

CEO Ron Kruszewski expressed confidence in his company’s strategy.

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How Bad Could the Private-Credit Crisis Get? Just Look at 1929.

Moody’s warns of banks’ $300 billion exposure to private credit, noting rapid loan growth often precedes asset-quality deterioration.

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Ex-Morgan Stanley Advisors Sue DOL in Latest Twist in Deferred-Compensation Dispute

Approximately 300 former Morgan Stanley financial advisors have filed arbitration claims against the company, with at least 50 cases pending, according to a new lawsuit.

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The Private Credit Bubble That Isn’t

Alarm over increased lending is misplaced, Mike Kelly writes in a guest commentary.

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Berkshire Likely Had a Stellar Quarter. Stock Buybacks Are a Wild Card.

The numbers are due out on Saturday morning.

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Morgan Stanley’s Latest Deal Highlights Wall Street’s Existential Bet on Private Markets

The bank is buying EquityZen, which promotes itself as a way to connect investors seeking private assets with shareholders of private companies.

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Amazon Is Cutting Jobs. Why That’s a Strong Sign for the AI Boom.

Qualcomm enters AI computing race, Texas emerges as banking M&A epicenter, suspension of food assistance during shutdown to hit economy, and more news to start your day.

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How Texas Became a Hotbed of Banking M&A

U.S. banks keep finding new deals in Texas. Why execs can’t get enough of the “Texaplex.”

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