banking news today
- Banking
Square invests in Jay-Z’s streaming service; Treasury makes $9 billion promise
Receiving Wide Coverage … Square deal Square, the digital-payments company, said Thursday “it is paying $297 million in cash and…
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Is Google Stock A Buy? Internet Search Giant Could Finally Be Best FANG Stock In 2021
It’s still early in 2021. But will this be the year that Google stock finally out-performs other FANG stocks? Investors…
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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…
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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…
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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…
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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…
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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…
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Is GE Stock A Buy Ahead Of Investor Day Featuring 2021 Guidance?
General Electric‘s (GE) turnaround is gaining traction as key businesses improve and as the industrial giant generates stronger cash flow.…
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‘Change in the air’: Competition to serve unbanked at fever pitch
A growing number of entrepreneurs are looking to address social inequality by forming banks that cater to underserved minority groups.…
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Vale, IBD Stock Of The Day, Sets Up New Buy Point As Commodities Jump
Vale Vale VALE $0.38 2.13% 32% IBD Stock Analysis Vale stock is approaching an 18.57 buy point. Shares have a…
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Fed orders Nano Banc in California to reduce CRE concentration
The holding companies of Nano Banc in Irvine, Calif., have agreed to take a series of steps to improve the…
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Hawaiian Airlines Stock Soars Past Key Technical Benchmark
When considering what names to put on your watchlist, look for stocks with an 80 or higher RS Rating. Hawaiian…
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Credit unions dig into data to offset slowdown in lending
With lending slowing in part due to the ongoing economic downturn brought on by the pandemic, some credit unions are…
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Debt investors step up hotel lending in bet on life after COVID
Credit investors are stepping into a void left by banks and insurance companies and providing debt financing for top-quality hotels…
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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…
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Ingles Markets Gets IBD Stock Rating Upgrade
Ingles Markets (IMKTA) saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96. X The new…
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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…
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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…
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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…
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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…
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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…
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Ford Stock: Will Ford Options Shoot Higher Like Rocket Stock?
It looks as if the Reddit/wallstreetbets crowd is at it again. In Tuesday’s column, we mentioned the unusual option volume…
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Does Jump In Carnival Stock Make It A Buy Right Now? Here’s What Earnings, Charts Show
America is getting vaccinated against Covid-19. And cruise line Carnival (CCL) is sounding its ships’ horns to signal its vessels…
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Xperi Strengthens In Key Performance Metrics
Xperi (XPER) saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 93 the day before. X The…
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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.…
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Dow Jones Futures: Why The Market Rally Is Only ‘Mostly Dead’; Boeing Leads As Amazon, Zoom, Teladoc Break Long-Term Support
Dow Jones futures were little changed Wednesday, along with S&P 500 futures and Nasdaq futures. The Dow Jones fell modestly…
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CFPB officially proposes delay of QM changes
The Consumer Financial Protection Bureau made official the agency’s plans to delay the compliance deadline for changes to its main…
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Vroom Fourth-Quarter Revenue Tops Estimates, Earnings Fall Short
Vroom (VRM) reported fourth-quarter results late Wednesday that beat revenue estimates but fell short on earnings. Vroom stock plunged. X…
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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…
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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…
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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…
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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…
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Thrivent recruits former MUFG Union executive to run proposed bank
Thrivent Financial for Lutherans has recruited two high-profile bankers to run the bank it is looking to form. The company…
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Composite Rating For Power REIT Jumps To 97, As Market Shift Continues
On Wednesday, Power REIT (PW) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97. X The…
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Chopra’s confirmation hearing; Goldman is back in the bitcoin business
Receiving Wide Coverage … Interview for sheriff’s job Rohit Chopra, President Biden’s pick to head the Consumer Financial Protection Bureau,…
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NCUA’s Harper says exam audits merit new consumer protection programs
Todd Harper, the chairman of the National Credit Union Administration, on Tuesday reiterated his call for the regulator to do…
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Stocks To Watch: 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…
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Is Tesla Stock A Buy After A Giant Run And Transformative, Robust Year?
Tesla (TSLA) Chief Executive Elon Musk has defied big odds and consistently beat expectations since taking the helm of the…
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Malibu Boats RS Rating Jumps To 81, Benefiting From Stay-cation Phenom?
On Tuesday, Malibu Boats (MBUU) hit a key technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus…
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Smart Glasses Maker Vuzix Joins Elite List Of Stocks With 95-Plus Composite Rating
Vuzix (VUZI) saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 93 the day before. The maker…
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Top Marijuana Stock Times New CBD Drink Launch With Astrological Event
Canadian pot producer Canopy Growth (CGC) has launched a sparkling water with hemp-derived CBD in the U.S., adding to its…
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Oceaneering International Scores Relative Strength Rating Upgrade
On Tuesday, Oceaneering International (OII) earned a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91. X…
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Market Is Down With ODP; Firm Earns An 83 RS Rating
The ODP (ODP) saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 80…
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Third Federal’s CRA rating stuck at ‘needs to improve’
WASHINGTON — For the second time in three years, Third Federal Savings and Loan Association in Cleveland has received a…
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Dow Jones Futures: Stock Market Rally Falls To Key Support; Nio, Zoom, Target, Tesla Are Big Losers
Dow Jones futures were little changed late Tuesday, along with S&P 500 futures and Nasdaq futures. The stock market rally…
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New administration poses new challenges for credit union advocacy
Credit unions have their work cut out for them if they hope to see some of the industry’s priorities passed…
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JPMorgan seeks to reduce office space in two Manhattan towers
JPMorgan Chase is marketing big blocks of office space in Manhattan as companies reevaluate their need for real estate amid…
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EV Stocks Xpeng, Li Auto Fall As Global Headwind To Follow Seasonal Slowdown
Chinese EV stocks fell Tuesday as Xpeng (XPEV) and Li Auto (LI) reported lower monthly deliveries amid the Lunar New…
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Dow Jones Pares Losses While Nasdaq Remains Negative; These Stocks Trade Near Buy Zones
The Dow Jones Industrial Average traded slightly higher in today’s stock market after paring earlier losses. The S&P 500 also…
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Can banks convince customers their data is safe?
Customers trust financial services companies to keep their money safe. But trusting them to safeguard their privacy and personal data…
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