European Banks Emerge Healthier in EBA 2018 Stress Test

by Swayta Shah Published on November 05,2018

European banks are healthy, per the latest stress test results. Nonetheless, there is still scope to further strengthen their balance sheet and undertake measures to improve profitability.

• BCS Quick QuoteBCSPositive Net Change
• LYG Quick QuoteLYGPositive Net Change
• DB Quick QuoteDBNegative Net Change
• ISNPY Quick QuoteISNPYPositive Net Change
• UNCFF Quick QuoteUNCFFPositive Net Change

• finance

HSBC Q3 Pre-Tax Earnings Up on Higher Revenues, Costs Rise

by Zacks Equity Research Published on October 29,2018

HSBC's (HSBC) third-quarter results benefit from higher revenues, partly offset by rise in costs.

• BCS Quick QuoteBCSPositive Net Change
• DB Quick QuoteDBNegative Net Change
• UBS Quick QuoteUBSNegative Net Change
• HSBC Quick QuoteHSBCNegative Net Change

• earnings
• finance

ICICI Bank (IBN) Reports Lower Q2 Profit, Stock Rallies 4.8%

by Zacks Equity Research Published on October 29,2018

ICICI Bank (IBN) reports lower profits in second-quarter fiscal 2019 due to fall in provisions and higher interest income.

• IBN Quick QuoteIBNNegative Net Change
• UBS Quick QuoteUBSNegative Net Change
• DB Quick QuoteDBNegative Net Change
• BCS Quick QuoteBCSPositive Net Change

• earnings
• finance

Barclays (BCS) Earnings and Revenues Increase Y/Y in Q3

by Zacks Equity Research Published on October 24,2018

Barclays' (BCS) third-quarter results benefit from higher revenues, partly offset by rising expenses.

• BCS Quick QuoteBCSPositive Net Change
• ITUB Quick QuoteITUBNegative Net Change
• DB Quick QuoteDBNegative Net Change
• HSBC Quick QuoteHSBCNegative Net Change

• earnings
• finance

Credit Suisse (CS) Agrees With $10M Settlement for U.S. Probe

by Zacks Equity Research Published on October 01,2018

Credit Suisse (CS) to pay penalty of $10 million for misleading clients related to its retail execution services business, including through the company's dark pool.

• UBS Quick QuoteUBSNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• GS Quick QuoteGSNegative Net Change

BofA (BAC) Charged With $30M for Interest Rate Manipulation

by Zacks Equity Research Published on September 20,2018

BofA (BAC) to pay $30 million to the CFTC for attempting to manipulate benchmark interest rates from 2007 to 2012.

• BAC Quick QuoteBACNegative Net Change
• C Quick QuoteCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• GS Quick QuoteGSNegative Net Change

Citi (C) Agrees With $13M Settlement for Dark Pool Probe

by Zacks Equity Research Published on September 17,2018

Citigroup (C) penalized with $13 million by the federal regulators for misleading clients related to the procedure of its dark pool - CitiMatch.

• C Quick QuoteCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• GS Quick QuoteGSNegative Net Change

Barclays (BCS) Plans to Add 150 Jobs in Europe Post Brexit

by Zacks Equity Research Published on September 12,2018

As part of its Brexit plans, Barclays (BCS) to hire 150 people in Europe in addition to 150 current U.K. jobs, which are likely to shift to Dublin, post Brexit.

• JPM Quick QuoteJPMNegative Net Change
• C Quick QuoteCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Bond-Rigging Lawsuit Against Wall Street Banks Dismissed

by Zacks Equity Research Published on August 30,2018

The lawsuit against big banks, accusing them of rigging the $14 trillion U.S. Treasury Bond market between 2005 and 2015, is dismissed.

• C Quick QuoteCNegative Net Change
• HSBC Quick QuoteHSBCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• TD Quick QuoteTDNegative Net Change

Itau Unibanco Expands Digitally to Increase Client Base

by Zacks Equity Research Published on August 30,2018

Itau Unibanco's (ITUB) strong capital position keeps it well poised to undertake growth plans.

• PYPL Quick QuotePYPLPositive Net Change
• NTB Quick QuoteNTBNegative Net Change
• ITUB Quick QuoteITUBNegative Net Change
• BCS Quick QuoteBCSPositive Net Change

JPMorgan to Cater to Banking Needs of Mid-Sized Firms Abroad

by Zacks Equity Research Published on August 24,2018

JPMorgan (JPM) seeks to bolster commercial bank revenues through this banking push.

• MTB Quick QuoteMTBNegative Net Change
• JPM Quick QuoteJPMNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• NTRS Quick QuoteNTRSNegative Net Change

JPMorgan to Lay Off Employees in Asset Management Division

by Zacks Equity Research Published on August 23,2018

The layoffs in the asset management division are part of JPMorgan's (JPM) initiatives to strengthen core operations.

• JPM Quick QuoteJPMNegative Net Change
• FITB Quick QuoteFITBNegative Net Change
• WFC Quick QuoteWFCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change

New Strong Sell Stocks for August 20th

by Zacks Equity Research Published on August 20,2018

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

• ALGT Quick QuoteALGTPositive Net Change
• BCS Quick QuoteBCSPositive Net Change
• AMG Quick QuoteAMGNegative Net Change
• CNK Quick QuoteCNKNegative Net Change
• ADUS Quick QuoteADUSPositive Net Change

Goldman Sachs Might Face Class Action Lawsuit Over CDOs

by Zacks Equity Research Published on August 17,2018

Goldman Sachs (GS) might end up paying a higher settlement amount as a result of the CDO class action lawsuit.

• WFC Quick QuoteWFCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• GS Quick QuoteGSNegative Net Change
• EVR Quick QuoteEVRNegative Net Change

Barclays (BCS) Shifts European Branches' Ownership to Ireland

by Zacks Equity Research Published on August 15,2018

With an aim to safeguard its business from Brexit-related uncertainties in the U.K., Barclays (BCS) initiates shifting control of European Branches from Britain to Ireland.

• JPM Quick QuoteJPMNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Moody's Shifts EU Base to Sweden to Steer Clear of Brexit

by Zacks Equity Research Published on August 15,2018

As part of effort to minimize disruptions post Brexit, Moody's (MCO) shifts a large part of its European operations to Sweden.

• MCO Quick QuoteMCONegative Net Change
• SPGI Quick QuoteSPGINegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Barclays Continues to Face Revenue and Brexit Challenges

by Zacks Equity Research Published on August 13,2018

Despite success of cost saving efforts to improve efficiency, Barclays (BCS) continues to face pressure on profitability as revenue growth remains muted.

• BCS Quick QuoteBCSPositive Net Change
• RM Quick QuoteRMNo Net Change
• LAZ Quick QuoteLAZNegative Net Change
• AB Quick QuoteABNegative Net Change

HSBC Shifts London's Control Over European Units to France

by Zacks Equity Research Published on August 10,2018

HSBC Holdings (HSBC) is transferring its London subsidiary's control over other European branches to ensure continuous functioning irrespective of Brexit outcome.

• JPM Quick QuoteJPMNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Barclays (BCS) Q2 Earnings & Revenues Improve, Dividend Up

by Zacks Equity Research Published on August 02,2018

Barclays' (BCS) Q2 earnings reflect strong fundamentals and success of its cost saving efforts.

• BCS Quick QuoteBCSPositive Net Change
• DB Quick QuoteDBNegative Net Change
• ITUB Quick QuoteITUBNegative Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Can Loan Growth Aid Barclays' (BCS) Revenues in Q2 Earnings?

by Zacks Equity Research Published on July 31,2018

Decent loan growth might lend support to Barclays' (BCS) interest income in Q2. However, flattish trading revenues might be a negative.

• BCS Quick QuoteBCSPositive Net Change
• HSBC Quick QuoteHSBCNegative Net Change

What's in Store for UBS Group (UBS) This Earnings Season?

by Zacks Equity Research Published on July 23,2018

UBS Group's (UBS) Q2 results might reflect rise in fee income, higher costs and stable net interest income.

• UBS Quick QuoteUBSNegative Net Change
• BCS Quick QuoteBCSPositive Net Change

JPMorgan (JPM) to Relocate Dozens of Personnel Pre-Brexit

by Zacks Equity Research Published on July 06,2018

As part of its plan to strengthen business outside U.K. so as to avoid any detrimental consequences post Brexit, JPMorgan (JPM) is moving its employees to other countries.

• JPM Quick QuoteJPMNegative Net Change
• BAC Quick QuoteBACNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• GS Quick QuoteGSNegative Net Change

Credit Suisse (CS) to Pay $77M Fine for China Hiring Scandal

by Zacks Equity Research Published on July 06,2018

Credit Suisse (CS) has been charged with $77-million fine over accusations of hiring relatives of Chinese officials to get business.

• BCS Quick QuoteBCSPositive Net Change
• DB Quick QuoteDBNegative Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Barclays Relocating Investment Banking Jobs Ahead of Brexit

by Zacks Equity Research Published on July 03,2018

With an aim to safeguard its business from Brexit-related uncertainties in the U.K., Barclays (BCS) initiates shifting the bank's investment banking jobs outside of the nation.

• JPM Quick QuoteJPMNegative Net Change
• BAC Quick QuoteBACNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• HSBC Quick QuoteHSBCNegative Net Change

Federated (FII) Acquires 60% Stake in London-based Hermes

by Zacks Equity Research Published on July 03,2018

Federated acquires 60% majority stake in London-based Hermes Fund Managers Limited from BT Pension Scheme (BTPS) for a purchase price of around $341.5 million.

• C Quick QuoteCNegative Net Change
• BCS Quick QuoteBCSPositive Net Change
• WF Quick QuoteWFNegative Net Change