Andrew Marquardt News
-
PNC Financial Services Group Inc. climbed in New York trading after raising its 2012 revenue forecast and reporting profit that beat analysts’ estimates.
-
Citigroup Inc. and Bank of America Corp. are among lenders that may have to temper plans to raise dividends and buy back stock next year as the Federal Reserve strengthens capital tests for the biggest U.S. banks.
-
Macquarie Group Ltd. , the Australian bank that bought Fox-Pitt Kelton Cochran Caronia Waller LLC last year, lost U.S. equity capital markets head Jim Rossman and at least four stock-market analysts.
-
Some of the biggest U.S. commercial banks, from Bank of America Corp. to JPMorgan Chase & Co., are still digging out from the financial crisis, facing settlements and legal fees to resolve claims tied to their mortgage portfolios that could cost billions of dollars.
-
Wells Fargo & Co.’s perceived creditworthiness is rising relative to peers at the fastest rate in almost three months as investors reward the bank for limited risk from mortgage litigation and the European debt crisis.
-
Bank of America Corp. Chief Executive Officer Brian T. Moynihan said the firm’s dividend may not rise from 1 cent a share until next year as the biggest U.S. lender struggles to tame costs tied to defective mortgages.
-
MetLife Inc. , the life insurer whose bank unit has about $17 billion in assets, said its lender may miss profit targets this year as higher interest rates squeeze margins and reduce customer demand for mortgages.
-
Wells Fargo & Co., the biggest U.S. home lender, climbed the most since November as profit rose to a record and it announced a goal of cutting $1.5 billion in quarterly costs by the end of next year.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page