daily banking news
- Banking
One Of The Best Mutual Fund’s Bets On Economic Reopening
The $4.5 billion American Century Select Fund (TWCIX) is among the best mutual funds, and these days many of its…
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How To Find The Best Growth Stocks: What Author Marcel Proust Can Teach About Investing
A friend or family member might ask you: Can you help me learn how to find the best growth stocks?…
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How To Invest Wisely By Avoiding Stocks With This Red Flag
If you want to learn how to invest in winning stocks, you must learn to recognize key technical elements in…
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Pool Stock’s Relative Strength Rating Jumps To 82 After Four Quarters Of Sales, Profits Racing Higher
Consumers turned from group activities to alternate leisure activities such as video games, hiking and swimming in a backyard pool…
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Is AMC Stock A Buy Now?
Going to the movies is exciting. But can it match the action by AMC Entertainment (AMC)? Starting the year at…
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Why AbCellera Stock Crumbled Despite In-Line Royalties For Covid Drug
AbCellera Biologics (ABCL) said Friday it expects lower royalties from Covid treatment partner Eli Lilly (LLY) in the second quarter.…
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Retailer Boot Barn Stock Joins Rank Of Stocks With 95-Plus Composite Rating
The IBD SmartSelect Composite Rating for Boot Barn (BOOT) rose from 93 to 98 Friday. The boot retailer stock has…
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Bankers urge policymakers to crack down on credit union-bank mergers
WASHINGTON — Industry trade groups are calling on regulators and lawmakers to crack down on credit union purchases of banks…
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Former Radius chief brings fintech mentality to New York de novo
Michael Butler is ready to shape the future of Grasshopper Bank, a New York de novo that just started its…
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Don’t be scared of the ‘S’ word
Recent news about Consumer Financial Protection Bureau investigations into the sales practices of two large banks may again have a…
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Green Dot to buy tax refund unit from Republic Bank for $165M
Green Dot, a prepaid card issuer that entered the tax refund processing business seven years ago, announced a $165 million…
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Fisker Stock Rallies On Electric-Vehicle Deal With Apple Supplier
Electric-car maker Fisker (FSR) has inked a vehicle-assembly deal with Foxconn Technology with plans to open a U.S. plant in…
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Dow Jones Up 250 Points Despite Plunging Disney Stock; Nasdaq Leads Stock Market Rebound
Stocks bounced back for a second session Friday as the Dow Jones Industrial Average rallied 250 points despite an earnings…
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AutoZone Revs The Engine, Sees RS Rating Improve To 75
AutoZone (AZO) saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 70 to 75. X…
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Snowflake Stock Rises On Analyst Upgrade Ahead Of Earnings, Investor Day
Snowflake stock rose Friday amid an analyst upgrade ahead of the enterprise software maker’s earnings and annual user conference planned…
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Chip Shortage Hits Headset Maker’s Revenue Guidance
Poly (PLT), a maker of enterprise headsets and audio and videoconferencing products, is the latest company to warn about chip…
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Dow Jones Rallies As Disney Dives On Earnings; Tesla Looks To Rebound From Key Support
The Dow Jones Industrial Average rallied 300 points, as Disney dived as much as 5% on earnings. Tesla stock is…
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Beat Social Anxiety When You Return To The Office
Expect social anxiety to spike as more people go back to the office at least part of the time. Anyone…
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Here Are The Leaders In Cloud Computing Spending — Maybe
Cloud computing giants Amazon.com (AMZN), Microsoft (MSFT) and Alphabet‘s (GOOGL) Google rank as the biggest spenders on technology along with…
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Coinbase reports blowout quarter; new digital banks target minorities
Receiving Wide Coverage … Explosive “In its first earnings report as a public company,” Coinbase said it “earned $771 million…
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Varo CEO predicts profits by 2023 as losses pile up
Colin Walsh always planned to do things differently than most fintech startups. The Varo Money CEO had a strategy to…
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Why Diem chose to be regulated in the U.S.
The Facebook-affiliated Diem cryptocurrency has changed almost everything about itself — name, structure, partners and timeline — since its inception.…
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Lumen Technologies Stock Shows Rising Relative Price Performance; Still Shy Of Key Benchmark
On Thursday, Lumen Technologies (LUMN) got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 72. X…
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With Less Chance To Network In Person, Advisors Get Contacts Online
For advisors eager to grow their business, networking takes center stage. They look for ways to build visibility and meet…
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Cricut Chirps First-Quarter Beat As Home-Crafting Trend Surges
Crafting device maker Cricut (CRCT) late Thursday beat Wall Street’s targets for the first quarter amid surging home crafting activity.…
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UPS Is A Huge Winner In Q2; Has A New Buy Point Arrived?
What a difference one quarter of the year can make. For proof, let’s take a look at United Parcel Service…
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IBD Rating Upgrades: Hanover Insurance Flashes Improved Relative Price Strength
Auto and home insurance provider Hanover Insurance (THG) was slammed harder than many other companies last year when the pandemic…
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Texas advances bill targeting Bank of America, Citi over gun policies
Texas moved closer to enacting a law that would ban government work with Wall Street banks whose policies restrict the…
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These 7 Medical Stocks Are Breaking Down — The Sell Rule You Should Know
Former highfliers Dexcom (DXCM) and Tandem Diabetes (TNDM) are among seven health care stocks breaking down right now, according to…
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Binance probed by U.S. as money laundering, tax sleuths bore in
Binance Holdings Ltd. is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency exchange…
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Microsoft Stock Shows Resilience Amid Tech Stock Swoon
Microsoft stock has held up better than many peers during the recent tech stock sell-off. So on Thursday, Microsoft (MSFT)…
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United Community in Georgia to buy investment advisor
United Community Banks in Blairsville, Georgia, has agreed to buy FinTrust Capital Partners, an investment advisor in Greenville, South Carolina.…
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Dow Jones Leads Stock Market Rebound On Strong Jobs Data But Nasdaq Fades; Tesla Sinks Bitcoin
Stocks moved off session highs Thursday afternoon, after staging a strong early rebound, as the Dow Jones Industrial Average led…
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American Express launches new ‘buy now, pay later’ option for air travel
American Express is diving further into installment lending, launching a new option for credit card customers to pay for flights…
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Tesla Falls, Bitcoin Tumbles After Elon Musk Reversal
Cryptocurrency values plunged overnight, after Elon Musk tweeted late Wednesday that Tesla (TSLA) would no longer accept Bitcoin for vehicle…
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Peapack-Gladstone lines up another wealth management acquisition
Peapack-Gladstone Financial in Bedminster, New Jersey, has agreed to buy Princeton Portfolio Strategies Group, a wealth management firm in Princeton,…
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Plaid and U.S. Bank agree to share bank customer data through an API
Data aggregator Plaid and U.S. Bancorp have hammered out an agreement to share bank customers’ account data through an application…
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Inside FIS’s effort to build a global real-time payments network
When FIS bought Worldpay two years ago, it marked the biggest deal in a season of fintech mega-mergers, with FIS…
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Google Stock Rises As Cloud Computing Unit Wins Starlink Contract
Alphabet‘s (GOOGL) Google on Thursday said it has won a contract to provide cloud computing services to the global Starlink…
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JPMorgan pledges to cut carbon emissions in lending portfolios
JPMorgan Chase, the biggest funder of fossil-fuel companies globally, is pledging a 35% reduction in “operational carbon intensity” for its…
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AMD’s Lisa Su Rocked Semiconductor Boy’s Club And Took On Intel
AMD CEO Lisa Su pulled off an epic turnaround in tech — arguably the biggest since Apple (AAPL). The first…
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Citigroup starts program to hire more women bankers
Citigroup has started an early intake program in Asia to boost the hiring of women in its investment banking and…
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Dow Jones Today Flattens As Chips Lead Nasdaq Futures Higher; Tesla Snubs Bitcoin; Yeti, PLBY Group Score Q1 Wins
Stock futures clawed out of early losses and into mixed trade Thursday ahead of another round of inflation and employment…
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Facebook scales back cryptocurrency plan; Revlon lenders to keep the money
Receiving Wide Coverage … Digital doings Facebook’s digital currency project “is moving to the U.S. after abandoning a bid to…
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Roku Stock Scores Relative Strength Rating Upgrade; Hits Key Benchmark
When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Roku (ROKU) just met…
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Regulators want to stress-test banks for climate risks. Can it work?
Below is a lightly edited transcript of the podcast: WELLS FARGO PROTEST: No more subsidies for fossil fuel companies! No…
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E-commerce Jumia Technologies Stock Earns Relative Strength Rating Upgrade
On Wednesday, Jumia Technologies (JMIA) reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus…
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Speaker Maker Sonos Swings To Profit, Raises Full-Year Outlook
Premium music and TV speaker maker Sonos (SONO) late Wednesday beat Wall Street’s targets for its fiscal second quarter and…
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Taiwan Semiconductor Stock Earns Key Rating Upgrade After Recently Hitting An All-Time High
The world’s biggest contract chip manufacturer is riding out the current market malaise just like most other stocks. But it…
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Coupang Revenue Soars 74% In First Report Since Its Blockbuster IPO
Coupang (CPNG), one of Asia’s largest e-commerce companies, reported first-quarter results late Wednesday, its first report as a newly minted…
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