Financials

Bank stocks have already seen big gains since Donald Trump’s election victory, but that may be just a small sign of what is to come for banks under a Trump administration, said Rafferty Capital Markets Banking Analyst Dick Bove.

Federal Reserve Vice Chairman Stanley Fischer on Friday suggested the central bank is getting closer to raising interest rates again, though he stopped short of saying when the next move might occur.

Federal Reserve Vice Chairman Stanley Fischer on Friday suggested the central bank is getting closer to raising interest rates again, though he stopped short of saying when the next move might occur.

President-elect Donald Trump's advisers are considering JPMorgan Chase & Co Chief Executive Jamie Dimon for the post of Treasury Secretary, CNBC reported on Thursday, citing two people familiar with the matter.

President-elect Donald Trump's advisers are considering JPMorgan Chase & Co Chief Executive Jamie Dimon for the post of Treasury Secretary, CNBC reported on Thursday, citing two people familiar with the matter.

The billionaire is putting out the cabinet calls should he win the White House.

The billionaire is putting out the cabinet calls should he win the White House.

The Securities and Exchange Commission is probing whether Wells Fargo & Co. violated rules around investor disclosures and other matters relating to its recent sales tactics scandal, people familiar with the matter said.

The Securities and Exchange Commission is probing whether Wells Fargo & Co. violated rules around investor disclosures and other matters relating to its recent sales tactics scandal, people familiar with the matter said.

ETF investors are one step ahead of the Fed when it comes to preparing for a rate hike.

ETF investors are one step ahead of the Fed when it comes to preparing for a rate hike.

MasterCard, the world's second-biggest payments processor, reported a better-than-expected quarterly profit, driven by higher spending by customers on its network.

MasterCard, the world's second-biggest payments processor, reported a better-than-expected quarterly profit, driven by higher spending by customers on its network.

Barclays reported a forecast-beating bounce in third quarter profits to $2.08 billion on Thursday, as it followed U.S. peers in reporting a bumper quarter for its investment banking business.

Barclays reported a forecast-beating bounce in third quarter profits to $2.08 billion on Thursday, as it followed U.S. peers in reporting a bumper quarter for its investment banking business.

Deutsche Bank posted an unexpected net profit of $303 million in the third quarter after a record loss in the year-earlier period.

Deutsche Bank posted an unexpected net profit of $303 million in the third quarter after a record loss in the year-earlier period.

Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call that could shape the fortunes of the wider banking sector.

Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call that could shape the fortunes of the wider banking sector.

The Office of the Comptroller of the Currency earlier this month sent formal letters to large and regional banks seeking information about sales practices and incentive-compensation structures following the Wells Fargo & Co. scandal, people familiar with the requests said.