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Jamie Dimon just received $56 million of JPMorgan Chase's stock, before taxes, from an incentive program the bank valued at less than half that much just three years ago.
March 31 -
Pay for the leaders of Canada’s five largest banks rose an average of 28% as the lenders’ earnings increased and shares gained.
March 8 -
Wells Fargo’s stock took off last year amid signs that Charlie Scharf is making progress in his efforts to turn the lender around.
February 10 -
U.S. bank stocks are headed for their worst losing streak in a year, burning investors who bought shares on expectations that the Federal Reserve raising rates for the first time since 2018 would boost the sector.
January 24 -
Rising inflation could lead to a rate hike, bolstering lenders' profits in 2022. Improved credit quality and an economic rebound are also fueling investment in the sector.
June 2 -
The movement encouraging investment in banks run by African American management teams gained huge momentum in recent weeks, but a spat between one of those lenders and an activist investor highlights the potential downside.
June 24 -
Carver Bancorp and Urban One, two companies that serve black and underrepresented communities, more than doubled Wednesday, reflecting increased investor interest in supporting black-owned businesses amid global protests against police brutality.
June 17 -
Fannie Mae has chosen Morgan Stanley while Freddie Mac is going with JPMorgan Chase; the bank’s overhaul plan has helped make it the best-performing big-bank stock so far this year.
June 16 -
Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.
June 12 -
The Los Angeles regional bank recorded the $1.5 billion noncash charge after its stock price ended March below its tangible book value.
April 21