banking industry news
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Key Piece Of Hypersonic Missile Propulsion Passes Test
Lockheed Martin (LMT) and Northrop Grumman (NOC) said late Thursday they successfully tested a key piece of a hypersonic missile…
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Fintech unicorn Stash is weighing options for going public
The financial technology firm Stash is exploring options for a market listing, such as merging with a special purpose acquisition…
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Kobe Bryant’s Trainer Shows You How To Rev Up Your Mind
Tim Grover finds all-time winners in business and sports look at life and careers in a certain way. And he…
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Use The Up/Down Volume Ratio To Find Top Stocks Under Accumulation
It’s often said that earnings growth is the main driver of a stock’s price performance. That’s true, but top stocks…
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Home Depot Leads This Hot Index Near Buy Point After 146% Run
Home Depot stock and other building-related plays remain solid as the economy recovers from the Covid-19 pandemic. X One way…
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Dow Jones Leads As Yellen Calls For More Government Spending; GE Stock Eyes Buy Point
The Dow Jones Industrial Average pared gains as the stock market made mild gains. Treasury Secretary Janet Yellen called for…
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Camping World Gets Key Rating Upgrade Amid Strong Profits, Sales To Folks Looking For Safe Recreation
The great outdoors was a safe and popular outlet for people confined at home due to the Covid outbreak last…
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Rising Profit Estimates A Big Part Of Story With These 4 Growth Stocks
First-quarter earnings season is just about over, and analysts are recalibrating sales and profit estimates for the coming quarters. Meanwhile,…
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Dick’s Sporting Goods Sees RS Rating Jump To 93
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
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Square Scores Relative Strength Rating Upgrade; Hits Key Benchmark
On Thursday, Square (SQ) reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile…
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More D.C. fireworks: Lawmakers, CEOs clash on minority outreach, overdrafts
WASHINGTON — On the second day of congressional testimony by the CEOs of the six largest banks, lawmakers pulled few…
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Design Software Leader Autodesk Beats Earnings Goals, But Outlook Lags
Autodesk (ADSK), a maker of computer-aided design software and workflow tools, late Thursday reported fiscal first-quarter results that beat analyst…
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Honor Credit Union to merge with smaller Michigan CU
Honor Credit Union in Berrien Springs and ATL Federal Credit Union in Wyoming, Michigan, will combine later this year. Honor…
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Can fintechs build on strong PPP lending to Black businesses?
Though fintech lenders joined the Paycheck Protection Program later than banks, they had an outsize impact in disbursing emergency loans…
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Salesforce Stock Climbs As Outlook Tops Views Ahead Of Deal Closing
Salesforce stock jumped late Thursday as the enterprise software maker’s April-quarter earnings and revenue topped analyst estimates. Salesforce.com‘s (CRM) second-quarter…
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Top-Rated Stocks: Citi Trends Stock Sees Composite Rating Climb To 97
Citi Trends (CTRN) saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 92 the day before. The…
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This Is How To Decipher Pullbacks Like A Pro And Analyze Setups Like AMAT Stock
IBD Senior Markets Writer Ken Shreve joined the Investing With IBD podcast to discuss the technical action needed to warrant…
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Cel-Sci Stock Clears Technical Benchmark, Hitting 80-Plus RS Rating
Cel-Sci (CVM) saw an improvement to its Relative Strength Rating on Thursday, rising from 79 to 87. An over-80 RS…
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Commonwealth Bank of Australia developing tech for open banking
Commonwealth Bank of Australia is building a product stack to accommodate cross-institutional data sharing, a trend called open banking that…
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How To Benefit From Low Implied Volatility On GM Stock
General Motors (GM) had a very bullish close yesterday and is back above the all-important 21 and 50-day moving averages.…
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United Community seeks a leg up in Charlotte with high-priced Aquesta deal
United Community Banks in Greenville, South Carolina, moved to fill a conspicuous gap in its North Carolina footprint Thursday, agreeing…
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Stock Of The Day Magna Breaks Out As GM Reopens Factories, Apple Car Eyed
Magna International Magna International MGA $3.28 3.41% 27% IBD Stock Analysis Clears short consolidation with 99.82 buy point Earnings, sales…
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ELF Beauty Clears Technical Benchmark, Hitting 80-Plus RS Rating
When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating.…
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Stocks With Rising Relative Strength: Encore Capital
On Thursday, Encore Capital (ECPG) earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71. When…
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Tesla Gets Desperate To Secure Chips While GM’s Bottleneck Eases
Tesla (TSLA) is reportedly taking unusual steps to get around a global chip shortage that has shuttered auto plants, while…
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Foothill FCU finds its new CEO at a California peer
Foothill Federal Credit Union in Arcadia, California, has named Michael Terzian as its new president and CEO. He replaces President…
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Industrial Automation, Robotics Market Is ‘In Full Swing’ Post-Covid
As the economy emerges from the Covid-19 pandemic, manufacturers are investing in more automation technologies to improve their productivity and…
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BNY Mellon targets commercial bill-pay clients for fast payments
BNY Mellon plans to use mundane but voluminous transactions like utility bills as a primary use case for real-time payments.…
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IBD 50 Stocks To Watch: Zebra Sees Key Analyst Upgrade, Nears New Buy Point
Among leading growth stocks, our pick for today’s IBD 50 Stocks To Watch column is Zebra Technologies (ZBRA). Zebra is among…
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Bank CEOs hear it from both sides of the aisle; crypto firms stalk Wall Street
Receiving Wide Coverage … Bankers berated “The chief executives of the six largest U.S. banks drew fire from both Republicans…
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Retailer Best Buy Demolishes First-Quarter Sales, Earnings Targets
Consumer electronics retailer Best Buy (BBY) on Thursday demolished Wall Street’s targets for its fiscal first quarter. BBY stock rose…
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HSBC exiting U.S. retail banking to focus on wealth business
HSBC Holdings is exiting its U.S. domestic mass market retail banking business, agreeing to sell 90 branches, as Europe’s biggest…
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Why The Option Market Prices In An 8% Move On Snowflake’s Earnings
Snowflake (SNOW) reports quarterly earnings Wednesday after the closing bell and the results are eagerly anticipated by the market. Last…
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Flexsteel Stock Earns Membership In 95-Plus Composite Rating Club
Flexsteel Industries (FLXS) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96. This high rating…
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Peloton Interactive Earns Technical Rating Upgrade As Stock Shows Muscle; Setting Up For Big Run?
Peloton was a standout last year as sales of its fitness machines and workouts soared amid the work-at-home, school-at-home phase…
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Nvidia Earnings Surge On Strong Gaming, Data-Center Processor Sales
Graphics-chip maker Nvidia (NVDA) late Wednesday easily beat Wall Street’s targets for its fiscal first quarter on strong sales of…
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Freddie Mac hires former Wells Fargo exec Michael DeVito as new CEO
Michael DeVito, Wells Fargo’s former executive vice president of home lending, will take over as full-time CEO of Freddie Mac…
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Highly Rated 360 DigiTech Forms Later-Stage Pattern Ahead Of Earnings
With its next earnings report scheduled for around May 27, IBD 50 and Sector Leaders member 360 DigiTech (QFIN) is…
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Qorvo Shows Improved Relative Price Strength
Qorvo (QRVO) had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still…
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Workday Stock Slips As Subscription Revenue Outlook Edges By Estimates
Workday stock fell on Wednesday after the enterprise software maker reported first-quarter earnings that topped estimates while revenue just edged…
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Okta Stock Slips As Earnings Guidance Misses Amid Big Acquisition, CFO Departs
Okta stock fell after the cybersecurity firm reported first-quarter earnings and revenue that topped analyst estimates. Okta forecast a larger-than-expected…
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Bank CEOs grilled by Senate on pandemic response, ‘woke capitalism’
WASHINGTON — The CEOs of the six largest banks faced a grilling in the Senate on Wednesday, taking heat from…
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Global chip shortage threatens payment card supply
The payment card industry is no less vulnerable to the shortage of computer chips than any of the major tech…
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Williams-Sonoma Stock Up As 150% Earnings Surge Expected
Upscale home goods retailer Williams-Sonoma (WSM) reports first-quarter earnings late Wednesday, amid continued strong demand for home furnishings. WSM stock…
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Dow Jones Flat As Small Caps Surge; Amazon Up As Jeff Bezos Announces Departure Date
The Dow Jones Industrial Average was holding steady Wednesday as small cap stocks handily outperformed the major indexes. Amazon (AMZN)…
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IBD Live QA Summary, Stock Lists For Wednesday, May 26, 2021
Ticker of the day RLUV Indeed Is Radar Love an indirect reference to Tesla? Haha, Ed added it to the…
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Crypto is the future. More banks, regulators need to embrace it.
Bankers’ mystification about cryptocurrency as a financial category is … well, mystifying in light of the way banks have adapted…
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Small banks count on PPP tech advances to speed traditional lending
When HV Bancorp in Doylestown, Pennsylvania, first went live with the Paycheck Protection Program last April, “we just had bodies…
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Shipping King, Semiconductor Firm Among Best Global Stocks
The Global Leaders list in IBD’s Stock Screener has gotten smaller, with only 10 companies in Wednesday’s list of best…
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SoFi stakeholders hit by $560 million freeze ahead of SPAC debut
A New York court ordered the freezing of $560 million in assets held by entities controlled by Renren CEO Joseph…
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