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SoFi Stock Rises on Strong Student Loan Originations and Guidance Boost

Shares of SoFi Technologies were rising Monday after the fintech posted strong numbers for its student loan segment and lifted guidance.Source...

Big Bank Layoffs Number Thousands – With More On The Way

Key takeawaysBig banks have collectively laid off over 20,000 employees, with more rumored to be on the way in the coming...

Bondholdings Become Less of a Burden at Bank of America and Other Big Banks

Fixed-rate bonds that lost value as interest rates rose can even help out in some ways.Source link

BofA’s Balance Sheet Will Be All the Talk of Earnings

BanksEarnings PreviewBy Carleton EnglishUpdated Oct 16, 2023, 5:48 pm EDT / Original Oct 16, 2023, 4:30 pm EDT*{pointer-events:none;}.css-1ftbuf0-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}))>*{pointer-events:none;}.css-ligzvc-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}))>ShareReprints will have all eyes on...

Bank of America Is the Problem Child of Big Banks. Here’s How It Can Right the Ship.

BanksUp and Down Wall StreetBy Ben LevisohnUpdated Oct 15, 2023, 4:35 pm EDT / Original Oct 13, 2023, 11:14 am EDT*{pointer-events:none;}.css-1ftbuf0-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}))>*{pointer-events:none;}.css-ligzvc-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}))>ShareReprintsDreams die hard—and...

Big-Bank Profits May Be Higher, but for How Much Longer?

Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.Source link

JPMorgan Bond Losses Hit $40 Billion. Bank of America’s Should Be More.

BanksBarron's TakeBy Andrew BaryOct 13, 2023, 1:50 pm EDT*{pointer-events:none;}.css-1ftbuf0-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}))>*{pointer-events:none;}.css-ligzvc-MainStack:has(:focus-visible){outline-color:rgba(54,119,168,1);outline-style:solid;outline-width:3px;outline-offset:1px;}))>ShareReprintsHigher rates are taking a toll on bank bond portfolios.Continue reading this article with a...

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