banking industry news
- Banking
The Next Tesla May Emerge From This Explosion Of New EV Stocks
The stunning run of Tesla stock over the past year fueled investor demand for a wave of new EV stocks.…
Read More » - Banking
Dow Jones Futures Rally Ahead Of Jobs Report Amid Rate Fears; Tesla Stock Set To Fall Again
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, reversed from overnight losses to trade modestly higher…
Read More » - Banking
Chinese Stocks Emerge Stronger, Post COVID
As the epicenter of the global COVID-19 pandemic and, therefore, the first to grapple with its devastation, China has spent…
Read More » - Banking
Is Visa Stock A Buy Right Now As It Raises Card Fees?
Visa (V) has a strong earnings track record and is making more moves in digital payments. Is Visa stock a…
Read More » - Banking
NIO Stock: Cash Secured Put Update
Not all option trades go according to plan. Back in January we looked at a long-term cash secured put on…
Read More » - Banking
Stocks To Watch: Alcoa Sees Relative Strength Rating Jump To 93
On Thursday, Alcoa (AA) cleared an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile…
Read More » - Banking
IBD 50 Stocks To Watch: Software Stock Sitting In Buy Zone Finds Support After 232% Run
Dynatrace (DT) is the IBD 50 Stocks To Watch pick for Thursday as it gets support at a key technical…
Read More » - Banking
IBD Live QA Summary, Key Stock Lists For Thursday, March 4, 2021
Question Answer(s) to the entire IBD International Team Live from Minneapolis – a thoroughly good Thursday morning to all of…
Read More » - Banking
Dow Jones Slides 1,462 Points From February Peak, Bitcoin Down 4%; These Growth Stocks Hold Firm
After peaking at 32,009 just two weeks ago, the Dow Jones Industrial Average has tanked more than 1,460 points, or…
Read More » - Banking
Walmart Eyes U.S. Stock Listing To Top India Business: Report
Walmart (WMT) is reportedly looking to take its Flipkart unit public in the U.S. via a blank-check deal. Walmart stock…
Read More » - Banking
Baozun Quarterly Results Fall Short; Chinese E-Commerce Stock Falls
China-based Baozun (BZUN) reported fourth-quarter results early Thursday that missed revenue estimates and met views on the bottom line. Baozun…
Read More » - Banking
DraftKings Taps Into One Of The Fastest-Growing Sports In Massive Deal
DraftKings (DKNG) is partnering with mixed martial arts promoter UFC to offer its sportsbook and daily fantasy in the U.S.…
Read More » - Banking
Ciena Stock Falls Amid Tech Sell-Off Amid Cautious Guidance On Rebound
Ciena stock fell Thursday amid a broad sell-off on the Nasdaq composite despite reporting fiscal first-quarter earnings and revenue that…
Read More » - Banking
Saia Rolls Up Strong Profit Growth; Receives Stock Rating Upgrade
The stock market seems to be rotating toward “real world” stocks. Those of companies that provide goods and services that…
Read More » - Banking
Broadcom Posts Best Sales, Earnings Growth In 2 Years
Chipmaker Broadcom (AVGO) late Thursday easily beat Wall Street’s targets for its fiscal first quarter. However, AVGO stock fell in…
Read More » - Banking
Dow Jones Futures: Stocks Break Decisively On Fed Chief Powell; Tesla, Google, Microsoft In Focus
Dow Jones futures edged higher Thursday night, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered…
Read More » - Banking
D.C. power shift complicates Fed decision on capital rule
WASHINGTON — Pressure continues to mount on the Federal Reserve from both sides as the central bank mulls an extension…
Read More » - Banking
Dow Jones Dives 700 Points As Powell Speech Slams Stock Market, Bond Yields Spike
The Dow Jones Industrial Average shed 700 points Thursday, after Fed Chief Jerome Powell’s speech boosted bond yields and sent…
Read More » - Banking
CDFIs, minority-owned banks to get $9B from Treasury for COVID relief
WASHINGTON — The Treasury Department is investing $9 billion into community development financial Institutions and minority depository institutions as a…
Read More » - Banking
Malvern hires activist investor as outside consultant
Malvern Bancorp in Paoli, Pa., has retained a well-known activist investor to provide consulting services. The $1.2 billion-asset company said…
Read More » - Banking
Oil Prices Surge On ‘Shocking’ Saudi Move At OPEC+ Meeting
The Organization of the Petroleum Exporting Countries and key partners will extend most of the current output cuts, sending oil…
Read More » - Banking
Discover opening call center in low-income Chicago neighborhood
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. Discover will build its…
Read More » - Banking
Dow Rallies, Tech Stocks Turn Higher Ahead Of Powell Speech As Yields Rise; Tesla Dives 5%
The Dow Jones Industrial Average rallied more than 100 points Thursday ahead of Fed Chairman Jerome Powell’s speech, as the…
Read More » - Banking
Inside Dwolla’s efforts to find a formula for faster payments
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. Whether it is baseball…
Read More » - Banking
Why Amgen’s $1.9 Billion Takeover Might Only Whet Its Appetite In 2021
Amgen (AMGN) said Thursday it will spend $1.9 billion to buy Five Prime Therapeutics (FPRX), a small biotech company with…
Read More » - Banking
A business deposit account that sweeps cash into green projects
MUFG Union Bank is offering a new deposit product to business clients who want to see their cash reserves used…
Read More » - Banking
General Motors Looks To Add More Juice To Electric Vehicle Transformation
General Motors (GM) is reportedly eyeing a second battery factory in the U.S. with South Korea’s LG Chem, after setting…
Read More » - Banking
Are Any Marijuana Stocks Good Buys Amid March Cooldown?
Marijuana stocks have fallen from their February highs, after greater hopes for U.S. legalization. Does that make any of them…
Read More » - Banking
NCUA board members call for reforming de novo process
Two members of the National Credit Union Administration board on Wednesday called for the agency to make it easier to…
Read More » - Banking
Square Stock Dips After It Agrees To Buy Jay-Z’s Tidal Music Service
Square stock dipped after the digital payment firm said it would acquire a majority stake in music streaming service Tidal…
Read More » - Banking
Dow Jones Futures Fall; Will Fed Chief Powell Offer Treasury Yield ‘Twist’ With Stock Market Rally Reeling?
Dow Jones futures fell slightly Thursday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally is…
Read More » - Banking
‘Capital holiday’ expiration looms; retail stock traders target Rocket Cos.
Wall Street Journal Holiday deadline looms The recent drop in Treasury bond prices might get even worse if a “capital…
Read More » - Banking
American Airlines Shows Rising Relative Strength; Is Air Travel Back?
On Wednesday, American Airlines (AAL) cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus…
Read More » - Banking
Commodities Trading: Gold Stocks, Oil Stocks, Silver, Natural Gas
Commodities are not simply essential products for modern living. Information and news on the commodity market and commodity trading can…
Read More » - Banking
Carnival Sees Improved Relative Strength Rating To 72
Carnival (CCL) had its Relative Strength (RS) Rating upgraded from 65 to 72 Wednesday — a welcome improvement, but still…
Read More » - Banking
Century Aluminum Sees Relative Strength Rating Rise To 91
Century Aluminum (CENX) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 88…
Read More » - Banking
Vir Stock Craters On Weak Results For Glaxo-Partnered Covid Treatment
Emerging data cast doubt on the effectiveness of Vir Biotechnology (VIR) and GlaxoSmithKline‘s (GSK) coronavirus treatment, leading Vir stock to…
Read More » - Banking
Chipmaker Marvell Technology Delivers Mixed Results, Guidance
Chipmaker Marvell Technology (MRVL) late Wednesday matched Wall Street’s target for earnings in its fiscal fourth quarter and beat views…
Read More » - Banking
QA Summary For March Leaderboard Scorecard Webinar, March 2, 2021
Hi… LeaderBoard Team 🙂 Good Afternoon Besides Chris, who’s been to Winslow, AZ? Not I! But I am curious now.…
Read More » - Banking
Okta Stock Tumbles On $6.5 Billion Acquisition Of Auth0 As Earnings Beat
Okta stock plunged Wednesday after the company announced the acquisition of Auth0 in a $6.5 billion deal. The cybersecurity firm…
Read More » - Banking
Middleby Cooks Up RS Rating Jump To 82
The Relative Strength (RS) Rating for Middleby (MIDD) climbed into a new percentile Wednesday, with an increase from 79 to…
Read More » - Banking
Credit unions expect hybrid work model after COVID ends
The hybrid workplace model that many companies implemented last year as the pandemic spread could be here for the long…
Read More » - Banking
Shore Bancshares to enter new Maryland market with Severn acquisition
Shore Bancshares in Easton, Md., has agreed to buy Severn Bancorp in Annapolis, Md. The $1.9 billion-asset Shore said in…
Read More » - Banking
Challenger bank helps customers erase carbon footprints
The challenger bank Aspiration has an ambitious goal: help consumers neutralize their carbon footprint. The Marina del Rey, Calif., fintech…
Read More » - Banking
IBD Live Q&A And Two Key Stock Lists For March 3, 2021
go alli go I do love this song, but Irusha gets props for making this pick! Nice, love Chuck Berry!…
Read More » - Banking
Ford Mustang Mach-E Grabs EV Share From Tesla
Ford (F) delivered record February EV sales in the first full month of sales for the Mustang Mach-E electric crossover,…
Read More » - Banking
Oil Prices Rise Ahead Of OPEC+ Meeting As Current Cuts Could Be Extended
Oil prices climbed Wednesday on a report that OPEC+ could vote to continue its current output cuts for another month…
Read More » - Banking
IBD 50 Stocks To Watch: T. Rowe Price In Buy Range As It Beats The Market Twice
T. Rowe Price (TROW), featured in today’s IBD 50 Stocks To Watch, is trading at record highs and in buy…
Read More » - Banking
Investor group buys CalFirst to prepare for more acquisitions
An investor group has acquired California First National Bank in Irvine. DMG Bancshares, which is run by veteran banker Don…
Read More » - Banking
Banks lobby Congress to postpone PPP deadline
Lenders are pressing Congress to extend the Paycheck Protection Program’s end date, citing rules that have yet to be issued…
Read More »