Banking on Millennials? A Special Report

Banks have opened more than 1,000 new branches annually over the last three years. This new branching boom presents a great brand and marketing opportunity.

The University of Michigan Consumer Sentiment Index decreased 6.2% in August compared to the month prior, landing at 51.7, according to final results for the month. Sentiment was down 11.2% year over year.

U.S. corporate profitability reached a record high in Q2 2026, as after-tax profits rose 8.2% to $3.92 trillion or an inflation-adjusted $2.78 trillion, up from $3.62 trillion (inflation-adjusted $2.57 trillion) in Q1.

Federal Reserve Chairman Kevin Warsh said that the central bank will likely continue to focus on fighting inflation, which continues to remain persistently above the Fed’s 2% target.

The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%.

Bank teller inspires hit song by legendary cultural figure.