Best Bank Stocks

PNC Financial announced impressive earnings for the fourth quarter, showing a 4% year-over-year rise in net interest income and an 84% increase in profits. The lack of FDIC assessment fees and reduced credit provisions played a major role in enhancing PNC Financial's earnings and the quality of its balance sheet. For the fiscal year 2025, PNC Financial expects a 6-7% growth in net interest income, indicating ongoing strength in its main lending operations.

Citibank is facing a lawsuit from New York state, claiming that it did not adequately protect or compensate fraud victims. A federal judge has turned down the bank's attempt to have the lawsuit thrown out, according to a report by Reuters on January 21.

Charles Schwab (SCHW 5.92%), a top financial services company, published its fourth-quarter report on Tuesday. The results showed impressive growth in both revenue and earnings, surpassing what analysts had predicted.

As the 2024 Q4 earnings season gets underway this week, many important companies are set to report, including American Express and Discover Financial Services. How do these companies compare?

American Express (AXP) stock has risen more than 70% in the past year. As we get closer to the company's Q4 earnings report on Friday, January 24, let's find out if this upward trend can keep going.

CHARLOTTE, N.C., Jan. 21, 2025 /PRNewswire/ -- Bank of America Corporation has announced that it will pay back all of its $1.5 billion Floating Rate Senior Notes, which are due in February 2026, on February 5, 2025.

On Tuesday, Goldman Sachs CEO David Solomon announced several promotions for senior bankers to lead the company's major business divisions, shortly after he received two large bonuses.

On Friday, shares of The Goldman Sachs Group, Inc. reached a record high of $627 during trading but ended the day a bit lower at $625.94.

On Tuesday, a federal judge denied Citigroup's request to throw out a lawsuit from New York Attorney General Letitia James. The lawsuit claims that Citibank has not properly reimbursed customers who have been tricked by online scammers.