Banks

Bank of America received a $1.2 billion bill from the US Treasury a day before its earnings report. On Tuesday, the Treasury hit the second-largest US bank with more than $1.21 billion in anti-money-laundering and sanctions penalties. The bank said the charge will cut third-quarter net income by about 17 cents per share. A $1.2…

Goldman beat estimates as JPMorgan and Wells Fargo missed. Here's what the bank earnings mean for stocks. The post Goldman Crushes Estimates, JPMorgan Misses: What Do Bank Earnings Mean for Stocks? appeared first on BeInCrypto.

Goldman Sachs turned bullish a day before big banks' earnings. Here is what JPMorgan, Citi and Wells Fargo must prove. The post 4 Big Bank Earnings to Watch This Week as Wall Street Turns Bullish appeared first on BeInCrypto.

Ford and JPMorgan back Michigan LIFT. See what it could mean for rare earth, automaker and bank stocks in US manufacturing. The post Ford and JPMorgan Back Michigan Factories in Attempt to Bring US Manufacturing Home appeared first on BeInCrypto.

Bank stocks sank worldwide as bond yields hit a 24-year high. See if $326.7B in bond losses means another SVB. The post Global Bank Stocks Sink as Bond Losses Top $326 Billion: Is Another SVB Coming? appeared first on BeInCrypto.

JPMorgan has added new names to its October list of favorite stock ideas, including American Express, Liberty Energy and Thermo Fisher Scientific. Each carries an overweight rating from the bank’s analysts. The refresh lands after a split September on Wall Street. The Dow Jones Industrial Average lost 4.3%, the S&P 500 slipped 0.5%, and the…

The Independent Community Bankers of America (ICBA) has sued the Office of the Comptroller of the Currency (OCC). The October 2 complaint alleges the OCC lacks the power to charter non-fiduciary crypto firms as national trust banks. The lawsuit was filed in federal court in Washington, D.C. It also names Comptroller Jonathan Gould in his…

Jamie Dimon says the dollar's dominance depends on US trade deals with allies, tying reserve status to economic strength. The post Jamie Dimon Says the Dollar Only Stays Dominant if the US Makes Trade Deals appeared first on BeInCrypto.

JPMorgan's Bitcoin production cost estimate of $85,000 could ease miner selling. On-chain data shows why relief is fragile. The post JPMorgan Reveals the Critical Price Level for Bitcoin Miners appeared first on BeInCrypto.

Citi taps Coinbase so big companies can take stablecoin payments, weeks after the yield fight stalled the Clarity Act. The post Citi Just Gave Stablecoins a Corporate Checkout Lane appeared first on BeInCrypto.