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Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.

That Wall Street expects J.P. Morgan to outperform its peers shouldn't come as a surprise. Besides being the biggest, it's arguably among the three or four most stable big banks.

The federal income tax for 30 companies was negative during the four-year period, even though they brought in a combined $205 billion in gross profit.

American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to outperform.

A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.

U.S. 30-year fixed-rate mortgages declined slightly to 3.98 percent in the week ending April 5 as recent economic indicators were mixed, mortgage finance giant Freddie Mac said Thursday.

U.S. employers planned 27 percent fewer job cuts in March compared with February and the lowest number of planned cuts since May 2011, global outplacement firm Challenger, Gray & Christmas Inc. said Thursday.

China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.

Most of March's housing numbers were disappointing, with sales unexpectedly falling across all categories and prices hitting new lows, reversing February's optimism. But the winter market is usually the year's quietest, and spring could see a redemption for the housing market.

Wells Fargo & Co opened its new Abbot Downing business on Monday, merging two of its wealth management units under a new brand it hopes will expand its market share of America's richest families.

Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

Despite their political differences, varied economic clout and undefined association, the meeting between the leaders of Brazil, Russia, India, China and South Africa is set to highlight the group's growing independence

The top aftermarket NYSE gainers Monday were: Jaguar Mining, Harvest Natural Resources, Inphi Corp, ENSCO plc, TrueBlue and Amcol International Corp. The top aftermarket NYSE losers were: Stoneridge, PolyOne Corp, Fabrinet, Cato Corp, Edwards Lifesciences and Orion Marine Group.

In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas.

U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities.

This week - March 26 to 30 - will highlight Wednesday's durable goods report and a busy policy calendar, including the core of the Federal Open Market Committee: Chairman Ben Bernanke and New York Fed President William Dudley. Wall Street will be closely monitoring the Fed officials' speeches, hoping to find clues of their latest views on the economic, inflation and policy outlooks.

Analysts, economists, and market participants were concerned with three things this week, and three things only: inflation, inflation, and inflation.

The top aftermarket NYSE gainers Wednesday were: Oxford Resource Partners, Sturm, Ruger & Co, Office Depot, Ethan Allen Interiors, Suntech Power Holdings and Gol Linhas Aereas Inteligentes. The top aftermarket NYSE losers were: Costamare, TRC Companies, Glimcher Realty Trust, Precision Drilling Corp, OfficeMax and Ralcorp Holdings.

The Knicks travel to Philadelphia in an Atlantic Division showdown.

The Federal Reserve plans to fine eight more bank holding companies for improper home mortgage foreclosures, the latest fallout from the so-called robo-signing scandal in which banks filed foreclosure documents without verifying their accuracy.

Home builder confidence, which has been climbing for five months, hit a plateau in March, failing to post yet another gain, according to data released Monday by the the National Association of Home Builders (NAHB).

European markets lost ground as the lack of positive catalysts prompted a pause in the recent string of gains, while Asian stocks were mostly higher.

Bank of America Corp shares on Wednesday hit their highest level in seven months after a Federal Reserve stress test affirmed one of the more troubled U.S. banks had made progress in improving its capital levels.

The inspector general for the U.S. Department of Housing and Urban Development said banks involved in the nationwide settlement on foreclosure practices significantly hindered its investigation.

The Dow Jones Industrial average rose 218 points, or 1.8%, to close at 13,177, which was the highest since Dec .31, 2007.

Five major U.S. banks have agreed to pay $25 million to New York State over their use of an electronic mortgage database that the state said resulted in deceptive and illegal practices that led to more than 13,000 foreclosures.

JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.

JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.

JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancings.