This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Brazilian digital challenger Nubank has received conditional approval from the Office of the Comptroller of the Currency to establish a U.S. national bank, the company said Thursday. While the company enters the organization phase and awaits approval from the Federal Deposit Insurance Corp. and the Federal Reserve, Nubank “will focus on fully capitaliz ...

SÃO PAULO--(BUSINESS WIRE)--Nu (NYSE:NU), one of the largest digital financial services platforms in the world with 127 million customers, today announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) of the United States for the formation of a de novo national bank, Nubank, N.A.The conditional approval represents a milestone in the company's long-term strategy to expand its operational footprint and product offerings in the United States. Once fully appr ...

Shareholder distributions were increased. Lloyds announced a 15% increase in its ordinary dividend and a share buyback of up to GBP 1.75 billion . The board intends to recommend a final dividend of 2.43 pence per share , bringing the total dividend to 3.65 pence for 2025. Chalmers said the combined capital return for the year would be up to GBP 3.9 billion , representing about 6% of the group’s current market capitalization.Finance director William Chalmers said statutory profit after tax was GBP 4.8 billio ...

SoFi Technologies (SOFI), founded in 2011, has entered earnings season with investors clearly more cautious than enthusiastic. The stock has fallen below $30 and now trades roughly 40.34% under its 52-week high. The decline followed a predictable sequence. Management’s $1.5 billion capital raise reopened concerns around dilution just as early investors began locking in profits after a strong rally. With valuations already high, the market chose discipline and stepped back rather than pushing prices higher ...

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer discussed, along with market shortages. When a club member asked which type of business would “benefit from AI advancements beyond the producers of chips and energy and infrastructure,” Cramer replied: I’m thinking of businesses that implement the technology to enhance their efficiency. That’s going to be the banks. The banks don’t talk much about it. The one that I think has the best handle on it is Wells Fargo. It’s a big reason why we own ...

US Bancorp (NYSE:USB) ranks among the best financial stocks to buy according to billionaire Israel Englander. On January 13, Raymond James reiterated its Strong Buy rating on US Bancorp (NYSE:USB) and set a price target of $57 per share following the bank’s acquisition announcement. According to the firm, the acquisition of BTIG is consistent with US Bancorp’s strategy of targeting additional fee-based businesses instead of depository M&As. The acquisition is projected to enhance US Bancorp’s capital mar ...

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer shared his thoughts on. Cramer discussed the company’s recent earnings during the episode. He stated: “What about today’s reports from the other three bigs? Okay, Wells Fargo, which we own for the Charitable Trust, reported a top and bottom-line miss. While sales were up 4.5% year-over-year, and earnings grew by 13%, they still came in light, as did net interest income. It was disappointing. That said, a big chunk of that earnings shortfall ...

Core Insights - Wall Street's largest banks have achieved record revenues and rising profits in 2025, driven by a rebound in dealmaking, strong trading activity, and resilient lending [1] Group 1: Financial Performance - The banks reported record revenues, indicating a significant recovery in their financial performance compared to previous periods [1] - Rising profits were noted, suggesting effective cost management and increased operational efficiency alongside revenue growth [1] Group 2: Market Activity - A rebound in dealmaking was highlighted as a key factor contributing to the banks' success, reflecting renewed confidence in mergers and acquisitions [1] - Buoyant trading activity was also a significant contributor, indicating strong market conditions and investor engagement [1] - Resilient lending practices were mentioned, showcasing the banks' ability to maintain lending standards while supporting economic growth [1]

Group 1 - JPMorgan Chase & Co. is highlighted as a key stock in Jim Cramer's game plan for the week, with a focus on the upcoming quarterly earnings report and conference call [1] - Concerns are raised about the tone of CEO Jamie Dimon during the conference call, as he tends to emphasize potential risks even in positive situations, which may create apprehension among investors [1] - The company provides a wide range of financial services, including banking, lending, payments, investment management, investment banking, asset management, and advisory solutions [2] Group 2 - While JPMorgan is recognized for its investment potential, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [3]

Group 1 - JPMorgan Chase & Co. is considered chronically undervalued, with a current stock price reflecting a price-to-earnings ratio of 16 times earnings, indicating it may be a good buying opportunity [1][2] - The company provides a wide range of financial services, including banking, lending, payments, investment management, investment banking, asset management, and advisory solutions [2] - Concerns exist regarding the upcoming earnings report, as CEO Jamie Dimon is known for his cautious approach and may focus on potential risks rather than the stock's undervaluation during the conference call [1]