breaking banking news
- Banking
Valley Strong to bulk up with Solano First merger
Solano First Federal Credit Union, a $175 million-asset institution in Bakersfield, Calif., has agreed to merge into Valley Strong Credit…
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Dow Jones Dives 500 Points As Powell Speech Slams Stock Market, Boosts Bond Yields
The Dow Jones Industrial Average shed nearly 500 points Thursday, after Fed Chief Jerome Powell’s speech boosted bond yields and…
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Stock Upgrades: Home Bancshares Shows Rising Relative Strength
As interest rates begin the long climb up from near-record lows, banks are starting to shine again. When looking for…
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CDFIs, minority-owned banks to get $9B from Treasury for COVID relief
WASHINGTON — The Treasury Department is investing $9 billion into community development financial Institutions and minority depository institutions as a…
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General Motors Looks To Add More Juice To Electric Vehicle Transformation
General Motors (GM) is reportedly eyeing a second battery factory in the U.S. with South Korea’s LG Chem, after setting…
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See How You Rank On The DocuSign CEO’s Success Score
If he ever writes a book about his leadership philosophy, DocuSign CEO Dan Springer has a title in mind: SEW…
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7 Small Stocks Up Big Can Still Double From Here, Analysts Say
Getting a big headache watching large-cap S&P 500 stocks lose steam? Small-cap stocks are giving investors a new way to…
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Commodities Trading: Gold Stocks, Oil Stocks, Silver, Natural Gas
Commodities are not simply essential products for modern living. Information and news on the commodity market and commodity trading can…
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Dow Rallies After Biden Vaccine Pledge Even As Bond Yields Rise; Boeing Stock Flies
The Dow Jones Industrial Average rallied, even as other indexes fell, after President Joe Biden promised the U.S. will have…
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IBD 50 Stocks To Watch: T. Rowe Price In Buy Range As It Beats The Market Twice
T. Rowe Price (TROW), featured in today’s IBD 50 Stocks To Watch, is trading at record highs and in buy…
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Dow Jones Reverses Lower As Nasdaq Leads Sell-Off; These Stocks Fall On Earnings
The Dow Jones Industrial Average reversed lower in today’s stock market after paring earlier gains. Meanwhile, the S&P 500 and…
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Snowflake Stock Falls As April Quarter Product Revenue Guidance Edges By Views
Snowflake stock fell after the software maker reported a narrower loss for the January quarter from a year earlier as…
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Splunk Fourth-Quarter Earnings, Revenue Smash Estimates
Splunk (SPLK) reported quarterly results late Wednesday that came in well above analyst estimates as the company continues its business…
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Dow Jones Futures: Why The Market Rally Is Only ‘Mostly Dead’; Boeing Leads As Amazon, Zoom Break Long-Term Support
Dow Jones futures were little changed Wednesday, along with S&P 500 futures and Nasdaq futures. The Dow Jones fell modestly…
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CFPB officially proposes delay of QM changes
The Consumer Financial Protection Bureau made official the agency’s plans to delay the compliance deadline for changes to its main…
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Vroom Fourth-Quarter Revenue Tops Estimates, Earnings Fall Short
Vroom (VRM) reported fourth-quarter results late Wednesday that beat revenue estimates but fell short on earnings. Vroom stock plunged. X…
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Challenger bank helps customers erase carbon footprints
The challenger bank Aspiration has an ambitious goal: help consumers neutralize their carbon footprint. The Marina del Rey, Calif., fintech…
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Fed’s Beige Book shows businesses optimistic on vaccine take-up
The U.S. economy expanded modestly in the first two months of the year and sentiment among business owners is picking…
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Century Aluminum Sees Relative Strength Rating Rise To 91
Century Aluminum (CENX) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 88…
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IBD Live Q&A And Two Key Stock Lists For March 3, 2021
go alli go I do love this song, but Irusha gets props for making this pick! Nice, love Chuck Berry!…
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Dow Falls Despite Biden Vaccine Pledge Amid Weak Jobs Data; Boeing Flies; Bitcoin Surges
The Dow Jones Industrial Average was lower as stocks fell despite President Joe Biden’s promise that the U.S. will have…
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NCUA swaps out spots on NeighborWorks America board
Rodney Hood, a board member at the National Credit Union Administration and a former chairman of the agency, has been…
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Citi’s $900 million mistake prompts banks to seek new safeguards
Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup’s accidental $900 million payment to…
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Dow Jones Futures Reverse Lower As Jobs Data Disappoints; Bitcoin Surges Above $52,000
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, turned lower Wednesday, as Bitcoin surged above $52,000.…
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Who Joins Crocs, PayPal, InMode On List Of Breakout Growth Stocks?
What do leading growth stocks PayPal (PYPL), Crocs (CROX), Logitech (LOGI), InMode (INMD), ASML (ASML), Generac (GNRC) and Deere (DE)…
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NCUA’s Harper says exam audits merit new consumer protection programs
Todd Harper, the chairman of the National Credit Union Administration, on Tuesday reiterated his call for the regulator to do…
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Hope Bancorp Shows Improved Relative Strength; Still Shy Of Benchmark
The Relative Strength (RS) Rating for Hope Bancorp (HOPE) moved up into a new percentile Tuesday, as it got a…
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Is Tesla Stock A Buy After A Giant Run And Transformative, Robust Year?
Tesla (TSLA) Chief Executive Elon Musk has defied big odds and consistently beat expectations since taking the helm of the…
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Dow Jones Attracts Buyers Amid Tech Weakness; Sellers Hit Zoom Video Stock Despite Bullish Earnings, Guidance
The stock market took a step back Tuesday after bullish gains in lower volume Monday. Target stock reversed sharply lower…
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EV Stocks Xpeng, Li Auto Fall As Global Headwind To Follow Seasonal Slowdown
Chinese EV stocks fell Tuesday as Xpeng (XPEV) and Li Auto (LI) reported lower monthly deliveries amid the Lunar New…
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FibroGen Stock Collapses After Its Latest-Stage Drug Faces Another Delay
FibroGen (FGEN) suffered a setback after U.S. regulators requested an additional meeting before reviewing the company’s anemia treatment. In response,…
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World’s Biggest Oil Company Sees ‘Huge Potential’ In Hydrogen Fuel
Saudi Aramco, which has over 220 billion barrels of oil and natural gas reserves, sees hydrogen fuel making a big…
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HPE Stock Rises As Cisco, Dell Rival Reports Fiscal Q1 Earnings Above Estimates
Hewlett Packard Enterprise (HPE) reported fiscal first-quarter earnings late Tuesday that topped estimates. HPE stock rose as April-quarter profit guidance…
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Can banks convince customers their data is safe?
Customers trust financial services companies to keep their money safe. But trusting them to safeguard their privacy and personal data…
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Stocks Flashing Renewed Technical Strength: Groupon
Groupon (GRPN) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 79 to 91. The…
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Merck, J&J Reportedly Forge Covid Vaccine Alliance — Here’s What You Need To Know
Merck (MRK) will reportedly step in to help supply-constrained Johnson & Johnson (JNJ) manufacture its coronavirus vaccine in a deal…
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Dow Jones Slides As Stock Reverse; Target Falls On These Fears; Boeing Stalls
The Dow Jones Industrial Average fell as the bears struck back at the bulls following Monday’s strong gains. Target (TGT)…
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Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings
Stocks were mixed early Tuesday as the Dow Jones Industrial Average extended its gains from Monday’s 600-point rally, but the…
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New bill provides some exemptions from credit union commercial loan cap
Credit unions are cheering bipartisan legislation introduced Monday in the U.S. House of Representatives that is aimed at helping small…
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Walmart’s banking ambitions; Klarna arms up
Receiving Wide Coverage … Be very careful New York Attorney General Letitia James says investors should use “extreme caution” when…
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Funeral Services Firm Sees Demand Surge Amid Coronavirus, In Buy Zone
Among leading growth stocks, our pick for today’s IBD 50 Stocks To Watch is Hillenbrand (HI), which recently broke out above…
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Apple, Google Lead Tech Stock Buybacks While Bank Repurchases Emerge
Led by Apple stock and Google stock, technology companies repurchased more shares in late 2020 as blowbacks against stock buybacks…
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New Space Stock Eyes Bigger Rocket, Human Spaceflight After SPAC Deal
More space stocks will test investors’ appetite as Rocket Lab unveiled plans to launch onto the Nasdaq through a “blank…
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Interagency breakthrough on CRA looks to be in reach
WASHINGTON — As the Biden administration fills out its roster of bank regulators, optimism is growing that agencies that had…
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Zoom Stock Pops As Guidance Tops Expectations Amid Coronavirus Recovery
Zoom Video Communications (ZM) reported fourth-quarter earnings and revenue for fiscal 2021 late Monday that handily beat analyst estimates. Zoom…
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COVID recovery top of mind as credit unions’ premier event kicks off
The coronavirus and ongoing recovery effort are likely to dominate the conversation at this year’s Governmental Affairs Conference from the…
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New indictments issued in case of failed Chicago bank
A new set of indictments tied to the December 2017 failure of Washington Federal Bank for Savings alleges that four…
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Dimon sees ‘carrots and sticks’ approach to COVID vaccines
While JPMorgan Chase’s Jamie Dimon would like the bank’s employees to get the COVID-19 vaccine, he said it’s unlikely to…
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Dow Jones Rises Over 700 Points As Indexes Recover Some Of Last Week’s Sell-Off; These Dow Stocks Trade Near Buy Zones
The Dow Jones Industrial Average held strong gains in today’s stock market as positive vaccine news boosted stocks across the…
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Dow Soars As Bonds Cool; Dems Looks Set To Drop This From Stimulus; Apple, Boeing Surge
The Dow Jones Industrial Average surged amid a broad rally as the bond market cooled. Meanwhile Senate Democrats look set…
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