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Latest reporting and analysis tagged with banking.
WaFd posted Q1 fiscal 2026 net income of $60.5M ($0.79 per share), up from prior periods. Loans fell $240M while MBS investments grew $728M. Credit metrics weakened with NPAs rising to $203M.
Bankrate's 2025 survey shows average overdraft fees at $26.77. Consumers are advised to compare checking, savings, and CD accounts while considering fees and institution types.
Bank of America and Citi reiterated Buy ratings for BBVA, raising price targets. Analysts highlighted the bank's strong market positions in Mexico, Turkey, and Spain, with significant profit growth expected.
M&T Bank announced record full-year 2025 earnings, highlighted improved asset quality, and provided financial guidance for 2026 during its fourth-quarter earnings call.
Wells Fargo's net income rose 5.5% to $5.4 billion in 2025, though severance costs impacted results. CEO Charlie Scharf said the bank can now compete on a level playing field after the Fed's asset cap was removed.
President Trump calls for a one-year 10% cap on credit card rates, drawing criticism from bankers who warn it could restrict credit access. Details are expected in his upcoming Davos speech.
Savings account rates have fallen since 2024 Federal Reserve cuts, with top rates around 4% APY from banks like SoFi, Barclays, and Valley Direct as of January 15, 2026.
Money market account rates are still high despite recent Federal Reserve rate cuts, with top accounts paying over 4% APY. The national average stands at 0.58%.
CD rates remain high despite recent Federal Reserve rate cuts, with Marcus by Goldman Sachs offering 4% APY on a 1-year CD. Rates are expected to decline further in 2026.