Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer in Running Springs, Calif. She has contributed to American Banker, Risk & Insurance and Human Resource Executive.
Katie Kuehner-Hebert is a freelance writer in Running Springs, Calif. She has contributed to American Banker, Risk & Insurance and Human Resource Executive.
The financial crisis created a mutual interest: Many families' investments within their 529 college savings plans tanked last year, and banking companies are on the hunt for core deposits.
Citigroup Inc. dragged down bank stocks Friday after an analyst forecast significant writedowns for the battered company.
Bank stocks and the broader markets rallied Thursday on a better-than-expected increase in U.S. gross domestic product for the third quarter.
Bank stocks and the broader markets fell Wednesday on home sales declines. The KBW Bank Index fell 3.29%, the Dow Jones industrial average 1.21% and the Standard & Poor's 500 index 1.95%.
Bank stocks were off, but a broader market index rose Tuesday on mixed economic data.
Many executives dwelled this earnings season on how much high unemployment will hurt their credit outlooks, but the other side of the balance sheet presents a fuller, perhaps more optimistic picture.
While bank stocks were down Monday, the sector's performance is generally faring better than expected through third-quarter earnings.
Bank stocks fell on news that Bank of America Corp. might have to raise an additional $45 billion in capital to satisfy a government demand.
Third-quarter results underscored the need for banking companies to find new ways to make money. In an era of shrinking loan books and mixed economic signals, more banks are chasing the personal business of their business clients.
Bank stocks and the broader markets fell Friday, as investors took profits from recent rallies.
Associated Banc-Corp in Green Bay, Wis., Thursday reported better-than-expected third quarter results due to a slowdown in credit deterioration.
Tech glitch interrupts Regions' 3Q conference call; Belgian consulting firm sets up banking group in North America; and more.
The KBW Bank Index rose 3.35% Thursday as several banking companies reported positive trends within their third-quarter results.
Bank stocks and the broader markets took a dive in late afternoon trading after Rochdale Securities LLC analyst Richard Bove recommended that investors sell Well Fargo & Co.'s stock.
The picture that started to emerge Wednesday is of a company that, though still with plenty of issues, is making incremental progress thanks to strong revenue and improvements in credit quality.
Bank stocks fluctuated Tuesday as a number of regional banking companies posted mixed results for the third quarter.
Zions Bancorp. in Salt Lake City lost $179.5 million, or $1.41 a share, in the third quarter, missing analysts' estimates by 17 cents.
BB&T Corp.'s results dampened bank stocks Monday. The KBW Bank Index struggled to get out of negative territory for most of the day, ending down 0.51%.
Bank of America Corp.'s worse-than-expected loss dragged down bank stocks Friday. The KBW Bank Index fell 3.21%, ending the week down less than 1%.
Bank of America Corp.'s worse-than-expected loss dragged down bank stocks Friday. The KBW Bank Index fell 3.21%, ending the week down less than 1%.