banking industry news
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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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South Africa Variant Flummoxes AstraZeneca Vaccine; Is AZN Stock A Buy?
AstraZeneca stock is under pressure in February after a study showed its coronavirus vaccine offers “minimal” protection against the South…
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Nuance Communications Meets 80-Plus Relative Strength Rating Benchmark
Nuance Communications (NUAN) saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 78 to 81.…
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IBD 50 Growth Stocks Lift This ETF To Nearly 100% Gain Off Coronavirus Lows
Driven by semiconductors, software and retail, the Innovator IBD 50 ETF (FFTY) has gained 90% from its coronavirus lows in…
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Square’s long-planned bank opens for business
Nearly a year after receiving key regulatory approvals, the payment processor Square has opened its bank, which will offer both…
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Casino Video Games Publisher SciPlay Draws Mixed Fourth-Quarter Results
SciPlay (SCPL), a maker of casino video games for mobile and web platforms, late Monday beat Wall Street’s sales target…
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Top-Ranked Bunge Produces Big Gains; Clears Technical Benchmark
Agriculture stocks aren’t always in vogue, but they are always attached to an essential industry. And every now and then,…
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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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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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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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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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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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Microsoft wants bigger piece of cloud banking market
Microsoft says it will launch a Financial Services Cloud later this month, more than a year after IBM announced its…
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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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IBD Screen Of The Day: Stocks To Buy And Watch Include Celsius, InMode, Rio Tinto
Today’s IBD Screen Of The Day column focuses on stocks showing increases in fund ownership in recent quarters. It’s one…
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Pen Air’s new CEO no stranger to the corner office
Pen Air Federal Credit Union in Pensacola, Fla., hired Delbert Lee Morgan as its new president and chief executive. Delbert…
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Vaccine Acceptance Rises As Americans Eye Covid Mutations: IBD/TIPP Poll
Just 10% of Americans have been fully vaccinated against Covid-19, according to the March IBD/TIPP Poll. But that could change…
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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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Notice of Offer to Purchase for Cash Up to 500,000 Shares of Class A Common Stock of Facebook, Inc. at $290.00 Net Per Share by Tutanota LLC
This announcement is neither an offer to purchase nor a solicitation of an offer to sell Shares (as defined below).…
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Marijuana Stocks Surge As First Southern State OKs Recreational Use
Top marijuana stocks rose as Virginia lawmakers on Saturday approved legislation that would legalize recreational use of marijuana by 2024.…
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On Fraser’s first day as Citi CEO, a net-zero emissions pledge
On her first day as CEO, Citigroup’s Jane Fraser vowed that the bank would achieve net-zero greenhouse-gas emissions in its…
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Week ahead: Pandemic pushes GAC online
The credit union industry’s biggest annual gathering kicks off this week but the event will be far from normal. The…
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Joe Biden Approval Rating Shows Honeymoon Continues — Especially Among Investors: IBD/TIPP Poll
Joe Biden is still enjoying a honeymoon as IBD/TIPP’s presidential approval rating holds near its highest level since mid-2009. X…
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CFPB director is supposed to be an apolitical job
Since its inception a decade ago, the Consumer Financial Protection Bureau has been a political hot potato — tossed from…
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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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Is Salesforce Stock A Buy? Digital Transformation Powerhouse Struggles Amid Slack Deal
Whether to buy CRM stock often boils down to how an investor views two fundamental trends. One, rising corporate spending…
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Citigroup restates earnings after writing down Revlon loan
Citigroup restated fourth-quarter results after writing down a portion of a loan to Revlon it now owns after losing a…
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Inspirational Quotes: Ginni Rometty, Ben Roethlisberger, Patrick Lencioni And Others
Read inspirational quotes about being a self-defined leader, earning respect and gaining the faith of others. X Inspirational Quotes: Ginni Rometty…
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How To Invest: An Nvidia Shakeout, And The Reason For CAN SLIM’s 5% Buy Zone
Learning new languages is tough. And learning how to invest and read stock charts, for most of us, certainly requires…
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Is Etsy Stock A Buy Right Now? Here’s What Earnings, Charts Show
Etsy (ETSY) has been one of the biggest beneficiaries of the pandemic-fueled surge in online shopping, as demonstrated with its…
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How the pandemic has changed small banks’ views of CRE
Fallout from the pandemic is reshaping community banks’ views of commercial real estate. Social distancing measures have restricted retail and…
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Taiwan Semiconductor, GM Lead Stocks Holding Up In Weak Market Action
Taiwan Semiconductor (TSM), General Motors (GM), Williams-Sonoma (WSM), Lam Research (LRCX), and Five Below (FIVE) are five top stocks to…
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Is Bristol Myers Stock A Buy As Shares Flounder After Fourth-Quarter Beat?
Bristol Myers Squibb (BMY) topped fourth-quarter expectations in February, but BMY stock floundered following the report. X Bullishly, worldwide sales…
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Spark Profitable New Ideas By Speaking These Right Words
If you want to spur your team to innovate new ideas, it helps if you communicate with passion. Convey your…
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ChargePoint Stock Eyes Debut As SPAC Shareholders OK Deal
Switchback Energy Acquisition (SBE) shareholders voted in favor of merging with the EV charging network, clearing the way for ChargePoint stock…
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Dow Jones Futures: Stock Market Rally At Turning Point; Nio, Zoom On Tap; Watch These 5 Stocks
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally came…
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DraftKings Rallies On Soaring Revenue, 2021 Guidance As Online Sports Betting Booms
Sports betting specialist DraftKings (DKNG) raised its 2021 outlook after reporting mixed fourth-quarter results Friday. Draftkings stock rose. X DraftKings…
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RH, IBD Stock Of The Day, Nears Buy Point After Warren Buffett Grows Stake
RH RH RH $17.29 3.65% 21% IBD Stock Analysis RH stock has been trading tightly and remains near a 524.11…
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Selling Before NVCR Stock Earnings Captured Quick Gain
Between earnings and a market pullback, swing trading hasn’t been easy. But reducing exposure in names like Novocure stock last…
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Citi’s Corbat has parting words: ‘Banking is quickly changing’
Citigroup’s Michael Corbat warned that the world of banking is quickly changing in his final message as chief executive to…
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Heat’s on lenders to reduce climate risk. Big question is how.
Environmentalists have called on banks to disclose the climate risks associated with their lending activities, but the short-term nature of…
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Is Netflix Stock A Buy Right Now? Here’s What NFLX Earnings, Charts Show
Internet television network Netflix (NFLX) has taken a commanding lead in the streaming video market and investors have bid up…
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NCUA bans ex-NYPD officer who embezzled from Municipal Credit Union
The National Credit Union Administration issued only one prohibition in February, barring a former member of the supervisory committee at…
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Dow Slips As Dems Move To Pass Stimulus Bill; Pelosi Says This Is ‘Necessary’; Apple Rebounds
The Dow Jones Industrial Average slipped while other indexes rallied as House Democrats got set to pass the $1.9 trillion…
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Group looks to form bank to serve minority-owned businesses
A group in Northern Virginia is raising capital to buy a bank and offer products to the minority community. Ingenious…
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Pinterest, Etsy Among 23 Stocks Expecting 100% To 2,883% Growth
As reporting for the 2020 earnings season comes to an end, it’s time to look ahead at Q1 2021 estimates…
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Dow Jones Dips, Nasdaq Rallies As Tech Stocks Rebound; House To Vote On Stimulus Bill
Key market indexes were mixed midday Friday, as the Nasdaq rebounded but the Dow Jones Industrial Average pared losses. X…
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REV Federal Credit Union gears up for double merger
REV Federal Credit Union is set for a double merger as two different credit unions await member approval to join…
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Merck Says Covid Hammered 2020 Sales By $2.5 Billion — Is Merck Stock A Buy?
Merck stock was under pressure in February after the company issued a disappointing fourth-quarter report on the heels of its…
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