Bank of America, Citigroup, Wells Fargo and More Major Banks Reporting This Week

Practically all the major banks are reporting their third-quarter financial results this week. In general, financial stocks have performed in line with the markets, despite a tumultuous China trade war. At the same time, the Federal Reserve has proven to be more hawkish over the past quarter. 24/7 Wall St. has put together a preview of some of the major […]

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Online and Discount Trading Firms See More Carnage From Zero-Commission Efforts

The world of trading stocks, bonds, mutual funds and exchange-traded funds has been an ever-changing landscape. Charles Schwab Corp. (NYSE: SCHW) came public in the 1980s and its model as a top discount brokerage firm with lower commissions was viewed as a direct and credible threat to the traditional brokerage model with high commissions. Then the initial public offering of […]

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Huntington, Discover Top J.D. Power Customer Surveys on Digital Offerings

Large percentages of Americans use the mobile apps and online services offered by their banks and credit card issuers. Some of the country’s largest banks may no longer even get more than an occasional visit from more than half their customers. Serving up attractive and useful mobile apps and online services is critical for maintaining the banks’ and credit card […]

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FINRA Brings Additional Rules to Protect Investors Against Troubled Brokers

Brokerage firms with a history of misconduct or that employ a high number of brokers and advisors with red flags may about to face even more regulatory scrutiny. FINRA has requested a comment period through July 1, 2019 regarding proposed additional investor protection guidelines for such firms. The proposed rule would impose tailored obligations on designated member firms that cross […]

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