Huntington Bancshares reported that its average commercial loans grew 12% from the prior quarter and 21% from a year ago in Q4.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The firm now manages just $2 billion more than Dimensional in active ETF assets.
The six largest US banks paid more than $140 billion in dividends and buybacks last year, setting a record, according to Bloomberg.
The country’s biggest banks released quarterly reports this week, while their stock prices slumped.
Loans in Wells Fargo’s corporate and investment banking business climbed 14% in the three months through December.
Loan loss provisions — the allowance banks set aside to cover bad debt — is a key data point to watch regarding consumer health.
The company will use AI to provide portfolio advisors with data from annual meetings to help inform their proxy votes.
Come January 28, the Federal Reserve has to decide what the state of the labor market means for monetary policy.
JPMorgan and Goldman Sachs proved they’re still the go-to middlemen for Wall Street deals amid a near-record $4.8 trillion global M&A bonanza
Forecasters predict gold’s rally will stretch through December 2026, although one analysis says there’s reason for caution.
Many advisors are unfamiliar with alternatives, like private assets, but model portfolios could be the perfect entryway.
Bank of America analysts forecast S&P 500 earnings will grow 14% next year, and sees the index reaching 7,100.
Innovative as the tokenized funds may be for JPMorgan, the bank is actually chasing an existing trend on Wall Street.
JPMorgan consumer and community banking CEO Marianne Lake said costs may climb about 9% next year, partly because of incentive compensation.
On Monday Berkshire also announced that CFO Marc Hamburg, who has held the role for 40 years, plans to retire in June.
Thin margins are one reason, but the shutdowns don’t necessarily spell the end of automated advice.