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Top-ranked bank ETFs could be useful investments if the Fed hikes rates.
The wealth management division of Wells Fargo (WFC) is being investigated by the securities regulator of Massachusetts to check for possible customer abuses.
Business streamlining efforts and solid capital position poise CIT Group (CIT) well for the future. Yet, higher costs and poor asset quality remain concerns.
Citigroup (C) exhibits mixed prospects for revenue growth, but cost-saving initiatives are expected to support bottom-line growth. However, litigation issues remain a concern.
M&T Bank's (MTB) impressive earnings growth prospects, capital strength and initiatives to improve financials will drive its performance.
Bank of America (BAC) plans to expand and hence add 600 new jobs in Hunt Valley.
Wells Fargo (WFC) is yet to reveal the number of accounts that have been affected.
Loan growth and higher rates continue to aid Hancock Holding (HBHC). Yet, rise in costs remains a concern.
Lower taxes, higher interest rates and overall improving economy are expected to support JPMorgan's (JPM) financials going forward.
Strong fundamentals and efforts to enhance shareholder value will help M&T Bank (MTB) attract investors' attention.
Moody's Investors Service affirms all ratings of First Republic Bank (FRC). Further, the rating firm's outlook for the bank has been maintained at "stable".
BofA's CEO, Brian Moynihan receives a 15% hike in his 2017 compensation. Gets total pay of $23 million.
S&P Global Ratings downgrades the ratings of Wells Fargo (WFC) and its subsidiaries. However, the rating firm has kept the outlook at "stable".
Moody's Investors Service affirms all the ratings of Wells Fargo (WFC) and its subsidiaries. However, the rating firm's outlook for the bank has been downgraded to "negative" from "stable".
Wells Fargo (WFC) is again entangled in some regulatory issues, disappointing investors.