U.S. banks close record number of retail branches in 2021, Wells Fargo shutters most [CNBC]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
Check Earnings Report
US:NYSE Investor Relations:
stocktwits.com/symbol/s
Company Research
Source: CNBC
Wells Fargo was the top net branch closer in 2021, closing on net 267 retail locations. U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market Intelligence data. Banks closed nearly 4,000 branches and opened more than 1,000 branches, the analysis found. Another record year for bank closures comes after 2020 had set the previous high as the Covid pandemic accelerated digital adoption. “We anticipate that the downward trend in branches will continue for a number of years ... as more of the transaction-orientated aspects of banking are done digitally,” Gerard Cassidy, head of U.S. bank equity strategy at RBC Capital Markets, told CNBC. The branch closures also come as banks consolidate, with merger and acquisition deals in the sector topping $77 billion in 2021, the highest level since 2006, according to S&P
Show less
Read more
Impact Snapshot
Event Time:
SPGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPGI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPGI alerts
High impacting S&P Global Inc. news events
Weekly update
A roundup of the hottest topics
SPGI
News
- FOREX-Yen tumbles vs euro, US dollar as markets on alert for Japan intervention [Yahoo! Finance]Yahoo! Finance
- Apple: The only stock among S&P 500 mega caps likely to see EPS decline [Seeking Alpha]Seeking Alpha
- March new home sales, April manufacturing PMI: Breaking data [Yahoo! Finance]Yahoo! Finance
- US Business Activity Expands at Slowest Pace in Four Months [Yahoo! Finance]Yahoo! Finance
- US Business Activity Expands at Slowest Pace in Four Months [BNN Bloomberg (Canada)]BNN Bloomberg
SPGI
Earnings
- 2/9/24 - Miss
SPGI
Sec Filings
- 4/3/24 - Form 4
- 3/22/24 - Form DEFA14A
- 3/19/24 - Form ARS
- SPGI's page on the SEC website