In the latest chapter of Wall Street's post-crisis woes, six major banks agreed to pay $4.3 billion to settle allegations that traders within their investment banking divisions conspired to manipulate foreign exchange rates.
In the post-crisis world, it's almost certain that banks will be less profitable.
The Federal Reserve released its list of problems with bank stress tests last week. Not surprisingly, those banks left something to be desired.
The "big four" U.S. banks have all reported earnings, and the numbers look pretty good across the board. Is now a good time to buy?
Wells Fargo is making a superior value proposition thanks to its earnings record throughout the financial crisis, the fact that it managed to avoid the mortgage settlement mess in the financial sector, and because Warren Buffett endorses the bank as a core investment holding.
Citigroup beat analysts' expectations for both earnings and revenue, and laid out a plan to focus its global efforts where it will pay off the most.
Bank of America's settlement drama has overly influenced the bank's share price development in 2014, but with its troubles now in the rear-view mirror and its underlying credit quality improving, Bank of America has a lot of potential.
These three stocks trade for a substantial discount to the value of their assets and offer strong growth potential in the years ahead.
We should all take notes on how Buffett handles a market sell-off.
The key to a successful bank boils down to culture, and that's something that doesn't just change overnight.