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Zacks News
Elevated Expenses to Hurt State Street (STT): Time to Sell?
by Zacks Equity Research
Elevated expenses are likely to hamper State Street's (STT) financials.
Wintrust Financial (WTFC) Agrees to Acquire STC Bancshares
by Zacks Equity Research
Wintrust Financial (WTFC) enters an agreement to buy STC Bancshares, the parent company of STC Capital Bank.
Regions Financial (RF) Displays Organic Growth: Time to Hold?
by Zacks Equity Research
Regions Financial (RF) displays mixed prospects for revenue growth and cost-saving initiatives, with lack of diversification in loan portfolio and litigation issues as concerns.
Here's Why it is Wise to Hold on to BofA (BAC) Stock Now
by Zacks Equity Research
While higher legal costs are likely to hurt Bank of America's (BAC) profits, higher rates and loan growth will continue to aid revenues.
U.S. Bancorp (USB) Rallies 10.3% YTD: Is More Upside Left?
by Zacks Equity Research
U.S. Bancorp (USB) climbs 10.3%, year to date, on improved lending margins and accomplishment of its core strategies.
4 Reasons to Buy Old Second Bancorp (OSBC) Stock Right Now
by Zacks Equity Research
Old Second Bancorp (OSBC) appears to be a promising buying opportunity right now, on earnings strength, along with strong organic growth.
Huntington (HBAN) Up 5.2% YTD: What's Driving the Stock?
by Zacks Equity Research
Huntington (HBAN) climbs 5.2%, year to date, on impressive performance of banks and restructuring moves.
HSBC Seeks to Slash Investment Bank Jobs for Cost Control
by Zacks Equity Research
HSBC Holdings (HSBC) intends to cut almost 500 jobs in the bank's investment banking division this year as it tightens its cost-cutting objective.
5 Reasons to Invest in Ameriprise (AMP) Stock Right Now
by Zacks Equity Research
Driven by strong fundamentals and bright growth prospects, Ameriprise (AMP) seems to be an attractive investment option right now.
5 Reasons to Buy 1st Source Corporation (SRCE) Stock Now
by Zacks Equity Research
1st Source Corporation (SRCE) appears to be a promising buying opportunity now, on rising net interest margin and fee income, along with strong loans and deposit balances.
BofA (BAC) Faces Lawsuit for RMBS Related Contract Breach
by Zacks Equity Research
Bank of America (BAC) faces lawsuit for sale of defective mortgages to an RMBS trust.
HSBC Intends to Add 300 Retail Wealth Staff in Asia in 2019
by Zacks Equity Research
HSBC plans to increase Asia retail wealth management headcount by 300 by the end of this year.
Santander Consumer Unveils Share Buyback Plan: Worth a Look?
by Zacks Equity Research
Santander Consumer USA Holdings (SC) rewards shareholders with share-repurchase authorization worth $400 million.
Huntington (HBAN) Up 10.8% YTD: What's Driving the Stock?
by Zacks Equity Research
Huntington (HBAN) climbs 10.8%, year to date, on improved operating environment and rate hike scenario.
Why Is Franklin Resources (BEN) Down 6.1% Since Last Earnings Report?
by Zacks Equity Research
Franklin Resources (BEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Legg Mason (LM) to Lay Off 12% of Workforce to Reduce Costs
by Zacks Equity Research
Legg Mason's (LM) cost-cutting steps are expected to complement its ongoing growth efforts.
BEN vs. HRGLY: Which Stock Is the Better Value Option?
by Zacks Equity Research
BEN vs. HRGLY: Which Stock Is the Better Value Option?
Here's Why it is Wise to Hold on to Invesco (IVZ) Stock Now
by Zacks Equity Research
While solid AUM balance will continue to support Invesco's (IVZ) top line, higher costs are likely to hurt profits.
Is Franklin Resources (BEN) Stock Undervalued Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Morgan Stanley Lays Off 5 People From London Equity Business
by Zacks Equity Research
Morgan Stanley (MS) is cutting jobs at its equities business in London after reporting a decline in equity trading revenues in first-quarter 2019.
LPL Financial (LPLA) Announces Deal to Buy Allen & Company
by Zacks Equity Research
LPL Financial (LPLA) agrees to acquire Allen & Company, which is a registered investment adviser (RIA) and broker/dealer.
Huntington (HBAN) Continues to Grow Inorganically, Costs Rise
by Zacks Equity Research
Huntington (HBAN) appears to be a promising bet, riding on robust fundamentals and long-term growth opportunities. However, rising expenses remains a concern.
Higher Costs Hurt East West Bancorp (EWBC): Time to Sell?
by Zacks Equity Research
While East West Bancorp (EWBC) is poised for revenue growth, supported by rise in loans and higher rates, increasing costs and deteriorating asset quality remain concerns.
HSBC to Expand Technology Operations in China, Add 1,000 Jobs
by Zacks Equity Research
HSBC plans to add more than 1,000 jobs in its technology centers in China as part of efforts to expand in the region.
Here's Why You Should Add Legg Mason (LM) to Your Portfolio
by Zacks Equity Research
Legg Mason (LM) appears to be a promising buy, at the moment, riding on inorganic growth and strong liquidity position.