Category: Financial Services

Financial Services, Industries

How Tax Reform Makes Goldman Sachs a Winner – and a Loser

January 30, 2018

Via: Fortune

Confused about the new tax law? Join the crowd. The tax reforms are having wildly different impacts on different companies–and no company illustrates those discrepancies better than Wall Street titan Goldman Sachs. Marquee names from Comcast to Verizon and Wells […]

Financial Services, Industries

Delta rolls out new no-fee AmEx amid hot airline credit card market

September 6, 2017


Delta Air Lines is rolling out a new frequent-flier credit card with no annual fee, part of an effort to court new customers in the increasingly lucrative market for airline-branded credit cards. The new “Blue Delta SkyMiles Credit Card” will […]

Education, Financial Services, Industries

Visa, MasterCard, Discover Offer Secured Credit Cards, a Tool for College Kids

September 1, 2017

Via: TheStreet

Far too many college students shy away from credit cards. In fact, only 33% of people between 18 and 29 even have one. Yet, not having a credit card has serious implications for your financial future. For one, without a […]

Financial Services, Industries

AmEx Pays $96 Million to Cardholders to Settle Discrimination Claim

August 24, 2017

Via: TheStreet

American Express Co. (AXP) is resolving a government watchdog’s discrimination review by paying at least $96 million to customers in Puerto Rico and other U.S. territories who were charged higher fees and interest rates than cardholders in the rest of […]

Financial Services, Industries

Wells Fargo raises its year-end S&P 500 target

August 23, 2017


Wells Fargo raised its year-end S&P 500 price target citing strong overseas growth and strong second-quarter earnings. The new forecast still calls for lower prices from here. “Earlier this year, we had concerns that investors might fret over potential for […]

Financial Services, Industries

These 17 US companies have the biggest piles of cash

August 22, 2017

Via: Business Insider

American companies are hoarding cash like crazy. In the second quarter of 2017, twenty-four of the largest American companies are holding on to a whopping $1.01 trillion in cash reserves, up 1.63% from the first quarter, according to analysis of […]

Financial Services, Industries, News

Here’s how the Fed’s decisions will begin impacting the market

August 17, 2017


The Federal Reserve’s meeting minutes published Wednesday afternoon revealed the central bank is quite divided when it comes to future interest rate increases, and one portfolio manager laid out in a interview with CNBC’s “Trading Nation” how the Fed’s upcoming hikes may […]

Financial Services, Industries

Is Your Credit Card Worth the Annual Fee?

August 11, 2017


Wondering if you should apply for or keep a rewards credit card with an annual fee? Ask yourself these questions. When it comes to business credit cards, it’s easy to fall for the high rewards and extra bonuses available on […]

Financial Services, Industries

Qatar’s banks face a deteriorating situation as blockade continues, Moody’s says

August 8, 2017


Moody’s Investors Service cut the outlook for Qatar’s banking system to negative from stable on Tuesday amid a continuing blockade of the country by its neighbors. Qatar has faced a two-month-long economic embargo imposed by a group of fellow Gulf […]

Financial Services, Industries

HSBC reports higher profit, plans $2B more in share buybacks

July 31, 2017

Via: ABC News

HSBC said Monday it plans to buy back another $2 billion in shares after reporting a strong set of quarterly profits thanks to higher interest rates that helped fatten margins for its lending business. The London-based global bank, which earns most of its […]