Banks

Fears over rising interest rates dinged major stock market averages but benefited one sector that has been waiting to reap the benefits of higher yields.

The former presidential candidate introduced a bill on Wednesday that would require the breakup of any financial company that has a total exposure of greater than 3 percent of gross domestic product.

Wells Fargo’s Christopher Harvey explains why investors should act more cautiously and target contrarian plays.

Incoming CEO David Solomon names Stephen Scherr as chief financial officer. Martin Chavez, a technologist who has been CFO since May 2017, will return to the trading division as one of three co-heads.

Wondering where former Lehman Brothers employees are today? Here are a few stories.

Nearly any way you look at it – stock performance, revenue, share in businesses from deposits to bond trading, Jamie Dimon has outdone his rivals among big U.S. banks.

Bank of America is lifting a self-imposed ban on commission-based trading in customer retirement accounts.

Online brokerage firms including Charles Schwab, TD Ameritrade and E-Trade drop Tuesday on Wall Street after CNBC reported J.P. Morgan Chase will offer a free trading service.

The Bank of America cost-cutting machine hummed along for another quarter.

Leslie Picker reports on the earnings from JP Morgan, Wells Fargo and Citibank.

Citigroup shares fell on Friday after the banking giant reported weaker-than-expected quarterly revenue, driven by a decline in corporate lending.

JPMorgan beats estimates on higher than expected trading results.

The biggest U.S. banks announced plans to buy back tens of billions of dollars in stock and hike their quarterly dividends after passing an annual stress test by the Federal Reserve. Wells Fargo said it would more than double its stock buybacks to $24.5 billion and raise its quarterly dividend to 43 cents a share …

President Donald Trump is expected to sign the bill to ease regulations on all but the largest banks.

Morgan Stanley posted first-quarter earnings and revenue on Wednesday that beat analyst expectations on strong results in equity trading.