News
Wells Fargo Invests in Six Black-Owned Banks
Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned
American Express Chief Financial Officer to Participate in KBW Fintech Payments Conference
American Express (NYSE: AXP) Chief Financial Officer Jeffrey C. Campbell will participate in the Keefe, Bruyette & Woods (KBW) Fintech Payments Conference on Tuesday, February 23 at 8:50 a.m. (ET)
Northern Trust Announces Further Alliance as Part of Whole Office Strategy
As part of its continuing strategy to serve client needs across the entire investment lifecycle, Northern Trust has entered into an alliance with IHS Markit, provider of the thinkFolio multi-asset
The American Express® Gold Card Brings Back the Iconic Rose Gold Design & Launches a New Uber Cash Benefit
Today, American Express (NYSE: AXP) announced that its popular metal Rose Gold Card design is coming back as a color option for the U.S. Consumer American Express Gold Card. The news comes in
State Street Global Advisors Expands Fixed Income ETF Offering with Its First Actively Managed Municipal Bond ETF
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Nuveen Municipal Bond ETF (MBND). Developed by State
Kala Gibson Recognized as a Top Black Leader by the Cincinnati USA Regional Chamber
Fifth Third Bank’s head of Business Banking and Chief Enterprise Corporate Responsibility Officer Kala Gibson has been recognized as a top black leader by the Cincinnati USA Regional Chamber. The
American Express and Resy Launch – Order In, Help Out Campaign – to Boost Restaurant Takeout Sales
American Express (NYSE: AXP) and Resy today launched a national campaign with a simple message: Order In, Help Out. As part of the Order In, Help Out campaign American Express and Resy are rallying
American Express Continues to Expand The Centurion® Lounge Network with The Opening of Its 14th Location at Denver International Airport
Today, American Express (NYSE: AXP) announced that it will open its 14th Centurion Lounge at Denver International Airport (DEN) on February 1, 2021. Located in the Concourse C Mezzanine, the new
Northern Trust Asset Management Launches Ultra-Short Sterling ESG Strategy
Northern Trust Asset Management, one of the world’s leading investment managers, has this month launched its Sterling Ultra-Short ESG strategy, expanding its cash segmentation suite to cater to the
American Express Elects Thomas Baltimore to Board of Directors
American Express Company (NYSE: AXP) today announced that Thomas J. Baltimore, Jr., Chairman, Chief Executive Officer and President of Park Hotels & Resorts Inc., has been elected to its Board of
American Express Declares Dividends on Series B and Series C Preferred Stock
American Express Company (NYSE: AXP) has declared the following dividends on the Company’s Series B and C Preferred Shares:
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A quarterly dividend on the Company’s 5.200% Fixed Rate / Floating
TD Ameritrade Network Kicks off 2021 with Unprecedented Momentum
As a year unlike any other comes to a close and a new one begins, the TD Ameritrade Network1 announced it now offers its live streaming market analysis and educational programming for retail
State Street Global Advisors Announces Changes to SPDR ETF Lineup
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced plans to close and liquidate the following ETFs (the “Liquidating ETFs”) based
State Street and Los Angeles County Employees Retirement Association Announce Expanded Service Agreement
State Street Corporation (NYSE:STT) today announced that they have expanded their relationship with Los Angeles County Employees Retirement Association (LACERA). State Street will now provide
American Express Reports Fourth-Quarter Revenue of $9.4 Billion and Earnings Per Share Of $1.76
American Express Company (NYSE: AXP) today reported fourth-quarter net income of $1.4 billion, or $1.76 per share, compared with net income of $1.7 billion, or $2.03 per share, a year ago.
Northern Trust Asset Management Launches Climate Aware Emerging Market Index Strategy
Northern Trust Asset Management, one of the world’s leading investment managers, continues to expand its sustainability solutions with the launch of a unique, sustainable emerging market green
Fifth Third Announces Fourth Quarter 2020 Results
Fifth Third Bancorp (FITB):
Key Highlights
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CET1 approx. 84 bps above target; positioned to initiate repurchases up to $180 million in 1Q21
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Solid credit quality, with stable NCOs and
Discover Financial Services Reports Fourth Quarter Net Income of $799 Million or $2.59 Per Diluted Share
Discover Financial Services (NYSE: DFS):
Fourth Quarter Results
2020
2019
YOY Change
Total loans, end of period (in billions)
$90.4
$95.9
Morgan Stanley Fourth Quarter and Full Year 2020 Earnings Results
Morgan Stanley (NYSE: MS) today reported net revenues of $13.6 billion for the fourth quarter ended December 31, 2020 compared with $10.9 billion a year ago. Net income applicable to Morgan Stanley
Discover Financial Services Board of Directors Approves Repurchase of up to $1.1 Billion of Common Stock, Declares Common and Preferred Stock Dividends
Discover Financial Services (NYSE: DFS) announced today that its Board of Directors has approved a new $1.1 billion share repurchase program, having suspended share repurchases since March 2020 in
Wells Fargo’s Open for Business Fund Boosts Access to Minority Lending
As many small businesses are still experiencing hardship from the COVID-19 pandemic, Wells Fargo is working to support its customers in another round of the Paycheck Protection Program (PPP) and
Morgan Stanley Appoints 171 New Managing Directors
Morgan Stanley has announced the appointment of 171 Managing Directors. The new Managing Directors are:1
Toks Afolabi-Ajayi
Argie Agrapides
Nicholas Albicelli
Thomas Allen
Raju Alluri
Oskar
Fifth Third Achieves Carbon Neutrality
Fifth Third (Nasdaq: FITB) today announced that it has achieved carbon neutrality for its operations in 2020, including greenhouse gas emissions from its facilities and business travel. This
State Street Reports Fourth-Quarter and Full-Year 2020 Financial Results
State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2020 financial results today. The news release, presentation, and additional financial information can be accessed on
State Street Corporation Declares Quarterly Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, and “G”
State Street Corporation (NYSE:STT) today announced a quarterly cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:
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Series D (represented by