american banking news
- Banking
Square to buy Afterpay, one of the biggest names in buy now/pay later
Square has agreed to acquire Australian installment lender Afterpay for $29 billion, a deal that would make the payments giant…
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Dow Jones Today, Futures Rise On Infrastructure Progress, China Bounce; BioNTech Leads Vaccine Rally
Stock futures gained Monday amid positive global action in the first trading day of August. A Senate spending compromise lifted…
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Square Announces $29 Billion Deal, Reports Mixed Earnings
Square has agreed to buy Australia-based consumer lending startup Afterpay in a $29 billion all-stock deal as competition heats up…
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Futures Rise; Tesla China Rival’s Sales Boom
Dow Jones futures rose modestly Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally held…
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Banks, Weed Play Lead Five Stocks Near Buy Points
Your stocks to watch include bank stocks like Goldman Sachs (GS) and Capital One Financial (COF), as well as cannabis…
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Survey Reveals Which Tech Companies Consumers Trust The Most; Where Do Netflix, Facebook, Google, Amazon and Apple Stand?
Trust is the foundation of strong customer and business relationships, but many technology companies have failed to protect customer data…
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CFPB shelves plan to extend debt collection compliance deadline
The Consumer Financial Protection Bureau said two debt collection rules will go into effect on Nov. 30 as originally planned,…
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Citigroup CFO sees no impact from China’s regulatory crackdown
Citigroup’s chief financial officer said China’s recent moves to crack down on companies isn’t likely to harm the bank’s business…
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NCUA barred two former credit union employees in July
The National Credit Union Administration issued two new prohibition orders for the month of July, permanently barring a pair of…
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U.S. Bank bets against Zoom fatigue in customer service
U.S. Bancorp is augmenting its communication tools for customers with a technology that is pervasive among consumers in their personal…
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Healthcare Services IPO Agiliti Stock Sees Improved Relative Strength
On Friday, Agiliti (AGTI) earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 73. X When…
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CRA deal between Fed, FDIC and OCC still not a slam dunk
WASHINGTON — Federal bank regulators have their best chance in years to ink common reforms of the Community Reinvestment Act…
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Market Rally Pauses On Earnings, But Several Stocks Flash Buys
The stock market rally traded around record highs, amid earnings from Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Facebook…
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Dow Jones Drops As Caterpillar Weighs; Amazon Dives Below Key Support
Stocks were lower midday Friday, with the Dow Jones Industrial Average down about 120 points. But it was the mildest…
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Summer Of Move: More Americans Now Migrating Than Any Time In Years
The new Great Migration of Americans is happening. More people are moving during Covid, fleeing cities for suburbs, rural towns…
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Advanced Micro Devices Sees RS Rating Improve To 75 Following Breakout
Advanced Micro Devices (AMD) saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to…
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Amazon.com Plunge Hits Nasdaq Harder As Stock Market Drops; This Software Stock Soars 26%
The stock market was off its opening lows Friday morning as the Nasdaq composite took the hardest hit from weakness…
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Lead With Authenticity By Staying True To Your Principles
Be true to yourself when it’s time to lead. When you lead with authenticity, stick to your values and communicate…
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Cullen/Frost holds onto loan reserves as COVID surges in Texas
Amid a COVID-19 surge in its home state of Texas, Cullen/Frost Bankers declined to follow the lead of other banks…
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Hot Stocks Break Out To Lead This Top Steel-Sector Play Near Buy Point
Hot stocks in the steel industry are breaking out amid strong demand and bullish growth prospects as the world recovers…
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Dow Jones Today, Futures Slide As Amazon, Skyworks Dive; Atlassian, Dexcom, KLA Soar; China Expands Crackdown
Stock futures shifted sharply lower Friday, reflecting action in global trade, as markets headed toward the final trading session of…
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AbbVie Edges Past Views With Stock Right At Buy Point
AbbVie stock fell a fraction early Friday after the pharma company reported adjusted earnings of $3.11 per share on $13.96…
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Dow Energy Giant Beats Views On Rising Oil Prices
Exxon Mobil (XOM) and Chevron (CVX) reported better-than-expected earnings early Friday as crude oil prices surged more than 20% during the…
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Fox Factory Springs To Action, Enters Earnings Season Watchist
Fox Factory (FOXF) is expected to report earnings on Aug. 5. Fox Factory now trading 3% below the 166.98 buy…
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IBD Live QA Summary, Stock Lists For Thursday, July 29, 2021
Question Answer(s) Good morning. GM Taher. Figs reported last night? Thoughts? FIGS earnings are on Aug. 12 Good Morning from…
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Deckers Outdoor Blows Away Forecasts, Lifts Guidance
Deckers Outdoors (DECK) reported a surprise first-quarter profit late Thursday after rival Crocs (CROX) warned on the supply chain earlier…
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Medtech Leader Rises Late After Beat-And-Raise Report
Late Thursday, Edwards Lifesciences (EW) reported adjusted income of 64 cents per share on $1.38 billion in second-quarter sales. In…
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Dow Jones Gains As GDP Data Misses; Robinhood Stock Dives On Debut; Tesla Stock, Ford Surges
The Dow Jones Industrial Average hit a record high even after U.S. GDP data came in lower than expected. Small…
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Chipmaker Skyworks Solutions Narrowly Beats Quarterly Targets
Chipmaker Skyworks Solutions (SWKS) late Thursday edged Wall Street’s targets for its fiscal third quarter and guided modestly higher for…
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Atlassian Stock Jumps As Earnings Beat, Outlook Tops Views Amid Cloud Transition
Atlassian stock soared on Thursday after the software maker reported fiscal fourth-quarter earnings that topped estimates and forecast higher-than-expected subscription…
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Tech Futures Fall On These Big Losers
Dow Jones futures were little changed Thursday night, while S&P 500 futures fell slightly and Nasdaq futures retreated solidly as…
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Twilio Stock Rises As Earnings Top Estimates Amid Buying Spree
Twilio stock edged up in extended trading as June-quarter earnings fell from a year earlier but topped views amid its…
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Biotech Giant Beats Views, Narrows EPS Guidance
Gilead stock edged lower late Thursday after the biotech company reported adjusted earnings of $1.87 per share on $6.217 billion…
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IBD 50 Stocks To Watch: Social Media Play Eyes New Buy Point Ahead Of Earnings
Pinterest (PINS) is the IBD 50 Stocks To Watch pick as it eyes a new buy point ahead of earnings.…
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Amkor Technology Stock Joins Elite List Of Stocks With 95-Plus Composite Rating
On Thursday, Amkor Technology (AMKR) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The chipmaker…
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House committee advances bill to address Libor transition
WASHINGTON—The House Financial Services Committee voted Thursday to advance a bill to address the transition away from the London interbank…
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Etsy Stock Is Ramping Up Again; Could This Bull Put Spread Make A 17% Return By August?
Over the last few weeks, we have been looking at the concept of expected range for a stock over an…
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Diane Reyes, HSBC’s highest-ranking woman in U.S., retiring this year
Diane Reyes, HSBC’s highest-ranking senior woman executive based in the United States, will retire from her post at the London-based…
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Mastercard fleshes out its crypto strategy
Mastercard has long signaled an interest in digital currencies, a strategy that is taking shape through a new program to…
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Fees paid to Fannie and Freddie could help fund infrastructure plan
WASHINGTON — The Senate’s nearly $1 trillion bipartisan infrastructure proposal would be partially funded with an extension of the hike…
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Rethinking the power of market influencers
When markets move suddenly, we look for a causal explanation. Many times this is a silly and vexing exercise. Why…
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Dow Jones Rallies Despite Weak Data; 5 Growth Stocks In Buy Range After Breakouts
Stocks rallied Thursday with the Dow Jones Industrial Average up nearly 200 points despite disappointing GDP and jobless claims data.…
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State Street to offer crypto services to private-fund clients
State Street is set to offer cryptocurrency reporting, reconciliation and processing services to its private-fund clients in the latest sign…
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Citi reinstates mask requirement in offices after CDC update
Citigroup has gone back to requiring employees —regardless of their vaccination status — to don masks when they’re in the…
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Nikola Stock Dives As Founder Trevor Milton Charged With Fraud
U.S. prosecutors charged Nikola (NKLA) founder Trevor Milton with misleading investors, almost a year after a scathing short-seller report accused…
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Disney Imagineer Bob Gurr Puts Theme Park Magic Into Motion
LOS ANGELES — It took more than Tinker Bell and fairy dust to create the magic of America’s best known…
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Dow Jones Today Gains Ahead Of Jobs/GDP Data; Steel, Chips, Vaccine, Infrastructure Stocks Rising; Facebook, PayPal Dive On Earnings
Nasdaq futures slipped, while Dow and S&P 500 futures moved higher Thursday as markets waited on weekly jobless claims and…
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Mattress Maker’s Earnings Spike 295% As Sales Growth Booms
Mattress maker Tempur Sealy (TPX) on Thursday reported second-quarter earnings that easily beat views. TPX stock rose modestly Thursday. X…
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Composite Rating For Chipmaker Monolithic Power Systems Stock Rises To 96
The IBD SmartSelect Composite Rating for Monolithic Power Systems (MPWR) rose from 93 to 96 Wednesday. X The revised score…
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Banking bills doomed in Congress still credited with fostering change
WASHINGTON — In an extremely polarized Congress, the odds of Democratic leaders advancing progressive reforms to shake up financial services…
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