Dow Jones Top Financial Services Headlines at 4 PM ET: The Nation's Biggest Banks Are Saying the Economy Is Still Strong | BlackRock's ...

Dow Jones
Oct 16

The Nation's Biggest Banks Are Saying the Economy Is Still Strong

A boom in dealmaking and higher spending point to a healthy economy, while bears are watching frothy stock prices and a weakening job market.

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BlackRock's AI Consortium to Buy Aligned Data Centers in $20 Billion Deal

The companies said the transaction ranks among the largest data-center deals ever.

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U.S. Arranging $20 Billion Private Finance Facility for Argentina

Treasury Secretary Scott Bessent says 'private sector solution' is in the works as the Trump administration looks to expand a lifeline for ally Javier Milei

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Blackstone Joins Race to Bring Private Assets to 401(k) Market

The investment giant readies a new business unit after President Trump issues an executive order regarding the inclusion of private assets in retirement plans.

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The Fed Can't Solve All Our Problems, Says Ex-Philly Fed President

When it comes to the fiscal side, the problems are much deeper than can be mitigated by just moving the fed-funds rate around.

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Strong U.S. Economy Powers Bank of America Profit Higher

The bank's quarterly profit rose 23%, with consumer spending up and investment banking results booming.

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PNC Profit Lifted by Net Interest Income Growth

PNC Financial Services Group logged higher profit and revenue in the third quarter as it continued adding customers.

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Refinancing Needs Drop, But an Advancing 'Maturity Wall' Heightens Risk

Moody's report shows a decline in debt maturing over the coming five years, but a closer peak that might elevate market risks.

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Synchrony Financial Posts Higher Profit, Revenue

$Synchrony Financial(SYF-B)$ logged higher profit and revenue in the third quarter as it returned to purchase volume growth, driven by stronger spending trends.

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S&P Global Buying Data and Analytics Firm With Intelligence for $1.8 Billion

S&P Global struck a deal to buy markets data and analytics firm With Intelligence for $1.8 billion, expanding its data coverage and reach across private markets.

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Financial Services Roundup: Market Talk

Find insight on Bank of America, American car loans and more in the latest Market Talks covering Financial Services.

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Wall Street Is Firing on All Cylinders, Fueled by Deals and Trading

Thanks to higher stock markets and rising corporate dealmaking, results are beating expectations across the big banks.

 

(END) Dow Jones Newswires

October 15, 2025 16:00 ET (20:00 GMT)

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