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Quarterly Dividend
Latest Headlines
Latest Headlines
Brian Moynihan speaks as stress tests loom
Bank of America CEO Brian Moynihan has perhaps the hardest job in banking.
Fixing up the troubled banking giant--which is reeling from the economy and the disastrous Countrywide purchase in 2008--has proven a massive challenge with no true success in sight. The rockiness of the recovery path h
Small banks struggle with TARP repayment
Big banks were the scourge of the economy not too long ago ( financial crisis news). The massive bailout programs generated a lot of anger, much of which was justified ( bailout news). These were the banks, after all, that posed systemic threats. But the biggest recipients have moved quickly
The best bank in America
There are some healthy banks out there, we just don't hear about them these days. The best bank in the country? According to Forbes , its Bank of Hawaii in Honolulu. Forbes , with SNL Financial of Charlottesville, Va., made its decision based on eight metrics: Return on average equity, net i
SunTrust gropes for the future
SunTrust stands as a bellwether of sorts for large regional banks. It has been ordered to raise $2.2 billion in capital. Last week, the nation's seventh-largest bank announced it will sell up to $1.25 billion in common stock and cut its quarterly dividend from 10 cents to 1 cent. Article
What to make of JPMorgan Chase's dividend cut
This shouldn't be hugely surprising; JPMorgan Chase announced it had slashed its quarterly dividend from 38 cents a share to 5 cents a share (87 percent) in a defensive move. The cut allows the bank to save $5 billion a year, and help pad its capital. The move was described in defensive terms, a p
Jury still out on Bank of America
Bank of America fell well below analysts expectations when it announced earnings of 15 cents a share for the third quarter. The average analyst was predicting an estimate of 62 cents a share. The bank also cut its quarterly dividend in half to 32 cents, and announced an offering of common shares t
Citigroup to buy Wachovia
Another day, another bank "failure." Citigroup will buy Wachovia for $1 a share, in a deal that was brought about by regulators. Citigroup's shareholders may not be applauding, seeing as the bank took an immediate loss of $30 billion. It has agreed to absorb up to $42 billion in losses. The govern
