american banking news
- Banking
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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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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Poly Clears Technical Benchmark, Hitting 80-Plus RS Rating
Shares of Poly, created by the merger of Plantronics and Polycom, took a hit in mid-May on disappointing earnings results.…
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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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Box First-Quarter Results Beat Estimates As It Raises Revenue Outlook
Box (BOX) reported first-quarter results late Thursday that beat on the top and bottom lines and raised revenue guidance for…
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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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Apple job posting points to alternative payment ambitions
Apple is looking for an expert in the payment industry’s hottest segments in anticipation of partnerships in point of sale…
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Veeva Stock Surges After Crushing Estimates, Outlook
Late Thursday, Veeva Systems (VEEV) reported adjusted income of 91 cents per share on $433.6 million in sales for its…
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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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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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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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Dow Jones Holds Gain As Nasdaq Turns Negative After Jobless Claims Improve
The Dow Jones Industrial Average traded slightly higher in today’s market after paring earlier gains. Over the past hour, the S&P…
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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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IBD Live QA Summary, Stock Lists For Thursday, May 27, 2021
Question Answer(s) In Marketsmith, when it says something like Fidelity contra fund 0.07% Does that mean .07% of Contrafund is…
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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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Fincen needs funding boost to implement new database, Yellen says
WASHINGTON— Treasury Secretary Janet Yellen indicated to lawmakers Thursday that President Biden’s first proposed budget will request more funding for…
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EQT Sees RS Rating Climb To 75
In a welcome move, EQT (EQT) saw its Relative Strength Rating improve from 70 to 75 on Thursday. X As…
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Logitech International Joins Rank Of Stocks With 95-Plus Composite Rating
Logitech International (LOGI) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before. X…
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Shareholders To Vote On SPAC Merger With SoFi As Public Offering Awaits
Online finance company Social Finance, which goes by the name SoFi, is moving closer to an initial public offering via…
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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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Acorns App To Go Public As Robinhood Nears IPO
The company behind the popular Acorns app will go public by merging with blank-check company Pioneer Merger (PACX), after reports…
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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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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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Stock Market Timing And Charts: Boston Beer’s Lesson On Calculating Corrections
Are you new to investing in CAN SLIM powerhouse stocks? Do you want to use stock charts to improve market…
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Dow Jones Today, Futures Mixed Ahead Of GDP, Jobs Data; Ford, Boeing Rally; Best Buy Leads Retail Charge
Stock futures lulled in tightly mixed trade ahead of a raft of early economic news Thursday. Earnings news lifted chip…
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Retailer Best Buy Demolishes First-Quarter Targets Thanks To Government Stimulus
Consumer electronics retailer Best Buy (BBY) on Thursday demolished Wall Street’s targets for its fiscal first quarter thanks to government…
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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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Medtronic Earnings, Sales Top, Guidance So-So
Medtronic stock was not yet active on Thursday after the medical technology company reported adjusted earnings of $1.50 per share…
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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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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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Snowflake Stock Tumbles As Product Revenue Guidance Edges By Estimates
Snowflake stock fell late Wednesday after the enterprise software maker reported first-quarter revenue that topped estimates, but its July-quarter guidance…
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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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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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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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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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Logitech, IBD Stock Of The Day, Could Get Multiyear Covid Lift
Logitech Intl Sa Logitech Intl Sa LOGI $2.95 2.54% 30% IBD Stock Analysis Stock breaks above 117.24 buy point out…
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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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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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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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Stock Upgrades: Infosys Shows Rising Relative Strength
When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating.…
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Bank profits strengthen, but lending remains sluggish
WASHINGTON — Profits soared and allowances for loan-losses fell at U.S. banks in the first quarter even as net interest…
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Dow Jones Rises Despite Pressure From This Key Stock; Amazon Up On Busy News Day
The Dow Jones Industrial Average rose 70 points midday Wednesday, as the major indexes sought to recover the prior session’s…
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PayPal, Arkose to address fraud in loyalty redemption
PayPal aims to thwart digital shopping abuse by accessing Arkose Labs’ suite of automated crime fighting tools. PayPal will deploy…
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Stock Upgrades: D.R. Horton Shows Rising Relative Strength
D.R. Horton (DHI) had its Relative Strength (RS) Rating upgraded from 69 to 76 Wednesday — a welcome improvement, but…
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Horizon Bancorp bulking up in Michigan with branch deal
The $6 billion-asset Horizon Bancorp will expand in 11 counties across Michigan as part of a deal to acquire 14…
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Roblox Corporation Sees RS Rating Climb To 73, RS Line At New High
On Wednesday, Roblox Corporation (RBLX) received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73. When…
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Stocks With Rising Relative Price Strength: Abcellera Biologics Inc
Abcellera Biologics Inc (ABCL) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 79 to…
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