There's an irony to the upcoming IPO of Lending Club, the nonbank lender that's used technology to take on the big banks. Wells Fargo is the winner.» Read More
Bank of America Corp. fell$. 14 or. 9 percent, to $16.06. Citigroup Inc. fell$. 37 or. 7 percent, to $51.49. Goldman Sachs fell $1.05 or. 6 percent, to $176.76.
The FDIC reported that U.S. banks earned $40.2 billion in the second quarter of this year, up from $38.2 billion in the same period in 2013.. The FDIC said 57.5 percent of banks reported an increase in profit in the second quarter from a year earlier, and only 6.8 percent of banks were unprofitable— down from 8.4 percent a year earlier.
Bank of America Corp. fell$. 13 or. 8 percent, to $16.20. Citigroup Inc. fell$. 27 or. 5 percent, to $51.86. Morgan Stanley fell$. 27 or. 8 percent, to $34.13.
Aug 26- As hopes for a last-minute buyer dim, Atlantic City's Revel casino has laid out its closure plans, from disposing of opened bottles of alcohol to cashing unredeemed poker chips.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.33. Citigroup Inc. rose$. 50 or 1.0 percent, to $52.13. Goldman Sachs rose$. 03 or percent, to $177.90.
CHARLOTTE, N.C., Aug 26- President Barack Obama sought to make amends with veterans on Tuesday, announcing steps to expand their access to mental health care and an initiative with financial companies to lower home loan costs for military families.
SAN FRANCISCO/ NEW YORK, Aug 26- Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month- and that means some less attractive stocks that funds are holding might be shown the door.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.36. Citigroup Inc. rose$. 55 or 1.1 percent, to $52.18. Wells Fargo rose$. 07 or. 1 percent, to $51.52.
Bank of America Corp. rose$. 13 or. 8 percent, to $16.42. Citigroup Inc. rose$. 33 or. 6 percent, to $51.96. Goldman Sachs rose$. 47 or. 3 percent, to $178.34.
TORONTO, Aug 26- Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C $12.64 billion in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.29. Citigroup Inc. rose$. 70 or 1.4 percent, to $51.63. Goldman Sachs rose $2.40 or 1.4 percent, to $177.87.
CHICAGO, Aug 25- Electronic cigarettes may be more tempting to non-smoking youths than conventional cigarettes, and once young people have tried e-cigarettes they are more inclined to give regular cigarettes a try, U.S. researchers said on Monday.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.34. Citigroup Inc. rose$. 00 or 2.0 percent, to $51.93. Goldman Sachs rose $3.23 or 1.8 percent, to $178.70.
WASHINGTON— Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
NEW YORK, Aug 25- A group of Wall Street banks plan to meet the U.S. Treasury Department and other government officials next month to talk about how to cooperate to fend off cyber attacks, people familiar with the matter told Reuters.
WASHINGTON— The Commerce Department reports on sales of new homes in July. The report will be released Monday at 10 a.m. Eastern. Sales of existing homes rose 2.4 percent in July to a seasonally adjusted annual rate of 5.15 million, the National Association of Realtors reported last week.
JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. The picture is still hazy. "Uncertainty is the key word," said Ian Shepherdson, chief economist at Pantheon Economics.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.13. Citigroup Inc. fell$. 14 or. 3 percent, to $50.93. Goldman Sachs rose$. 32 or. 2 percent, to $175.47.
NEW YORK, Aug 22- U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to- if not far past- the 2,000 milestone.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.20. Citigroup Inc. fell$. 01 or percent, to $51.06. Goldman Sachs rose $1.40 or. 8 percent, to $176.55.