breaking banking news
- Banking
See Where The Best Mutual Funds Are Building Their Positions
Led by investments in Builder FirstSource (BLDR), D.R. Horton (DHI), TopBuild (BLD), Green Brick Partners (GRBK) and Atkore (ATKR), the…
Read More » - Banking
IBD Live Q&A And Two Key Stock Lists For April 9, 2021
Question Answer(s) Ticker OZZY Good call Mark! Crazy Train Happy Friday to the entire IBD Live Team and Audience. Have…
Read More » - Banking
Digital Payment Firm Stoneco Sees Improved Relative Strength
On Friday, Stoneco (STNE) earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 74. The Brazilian…
Read More » - Banking
Hot Putnam Mutual Fund Likes Alphabet, Tesla, Disney
One of the best mutual funds isn’t afraid of federal regulators breaking up Google-parent Alphabet (GOOGL), or of China’s military…
Read More » - Banking
Late Rally Locks In Gains For Stock Market As QQQ Nears New High; 2 Industries Push Up IBD 50
Indexes rallied in the final 45 minutes of Friday’s session, turning a dull session into a day of quite respectable…
Read More » - Banking
IPO Plans For Topps Targets Non-Fungible Tokens As Growth Accelerator
Beauty is in the eye of the beholder, as the saying goes. And for many these days that beauty is…
Read More » - Banking
BofA’s new sustainable financing goal: $1 trillion by 2030
Bank of America is boosting its environmental financing goal, aiming to provide $1 trillion in financing for sustainable and low-carbon…
Read More » - Banking
Floor & Decor, IBD Stock Of The Day, Still In Buy Zone As New Entries Loom
Floor & Decor Floor & Decor FND $3.27 3.18% 277% IBD Stock Analysis Floor & Decor stock is within range…
Read More » - Banking
Financial literacy is key to broader inclusion efforts
Growing up in North Carolina, I was fortunate my parents taught me sound financial habits. Early lessons in the importance…
Read More » - Banking
Apple iPhone 12 Sales Seen Getting Lift From Tax Refunds, Stimulus Checks
Apple (AAPL) iPhone 12 sales in the U.S. appear to have gotten a boost in March from consumers spending tax…
Read More » - Banking
Why Gravity Payments isn’t pursuing a bank charter — yet
Like some other fintech upstarts, Gravity Payments may one day pursue a bank charter, but for now its main focus…
Read More » - Banking
FDIC revives effort to modernize agency’s signage for digital age
WASHINGTON — The Federal Deposit Insurance Corp. has resurrected its push to modernize the agency’s iconic logo almost a year…
Read More » - Banking
Georgetown FCU to merge into PAHO/WHO Federal Credit Union
Two Washington D.C.-based credit unions are planning to merge. The $16 million-asset Georgetown Federal Credit Union announced plans to merge…
Read More » - Banking
Trouble Is Brewing For J&J’s Covid Vaccine — What You Need To Know
European regulators are investigating four cases of blood clots in recipients of Johnson & Johnson‘s (JNJ) coronavirus vaccine. In response,…
Read More » - Banking
Citigroup fights for freeze on $500 million it sent in blunder
Revlon lenders that received more than half a billion dollars in accidental payments from Citigroup are asking a judge to…
Read More » - Banking
SoftBank bets on Better; U.K. bank startup takes job flexibility to a new level
Wall Street Journal Betting on Better SoftBank Group is investing $500 million in Better, a seven-year-old mortgage lender that “provides…
Read More » - Banking
Okta Stock Rises As Cybersecurity Firm Squares Off Versus CyberArk, SailPoint
Cybersecurity player Okta (OKTA) popped following its investor day on Wednesday, where management laid out plans to expand into new…
Read More » - Banking
Why Eastern Bank is paying top dollar for longtime rival
Eastern Bankshares has returned to bank acquisitions with a deal that will likely shake up the landscape in Boston. The…
Read More » - Banking
Avant, online lender to near-prime consumers, buys a neobank
The online lender Avant, which has offered credit to near-prime customers since 2013, is a step closer to becoming a…
Read More » - Banking
Nuance Stock Enters Watchlist Territory With Improved RS Rating
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
Read More » - Banking
IBD 50 Stocks To Watch: How A Little-Known Kazakhstan Firm Landed On The Premier Growth List
It’s been a year since Freedom Holding (FRHC) provided investors with a buy zone; finally, a new buy area is…
Read More » - Banking
Biotech Stocks Could Use A Win — Will The First Quarter Offer That?
Gilead Sciences (GILD), Biogen (BIIB) and Vertex Pharmaceuticals (VRTX) could top expectations in an otherwise soft quarter for biotech stocks,…
Read More » - Banking
Goldman, BofA, JPMorgan line up to fund Nubank’s Mexico venture
The Mexican unit of the fintech Nubank, the world’s biggest standalone digital bank, is getting a $135 million injection to…
Read More » - Banking
IBD Live QA Summary, Stock Lists For Thursday, April 8, 2021
to the entire IBD International Team Live – a thriving Thursday morning !! (alive in Mpls) Good morning everyone! Death…
Read More » - Banking
More states poised to overhaul their credit union charters
A number of updates to state credit union charters could be in the works. Massachusetts passed a law earlier this…
Read More » - Banking
National Beverage Gets Technical Rating Upgrade
On Thursday, National Beverage (FIZZ) earned an upgrade to its Relative Strength (RS) Rating, from 70 to 73. X When…
Read More » - Banking
Walmart files for trademark for fintech unit: ‘Hazel by Walmart’
Walmart Inc.’s financial technology venture, still shrouded in mystery, now has a possible name: Hazel by Walmart. The world’s largest…
Read More » - Banking
Solar financier Loanpal plans IPO as soon as this year
Loanpal, a provider of residential-solar loans in the U.S., is planning an initial public offering this year that could value…
Read More » - Banking
How Lee Iacocca Turned Getting Fired Into The Best Thing In The Long Run
Getting fired outraged Lee Iacocca. But he turned the setback into one of the best things to happen to him…
Read More » - Banking
Eastern Bankshares to buy Century Bancorp for $642 million
Eastern Bankshares in Boston has agreed to buy Century Bancorp in Medford, Mass. The $16 billion-asset Eastern said in a…
Read More » - Banking
6 takeaways from Jamie Dimon’s letter to shareholders
A pandemic. A recession. Nationwide unrest over racial injustice. The events of the past 12 months have demonstrated with crystal…
Read More » - Banking
Instacart inks card deal with JPMorgan amid pandemic popularity
Instacart has reached a deal with JPMorgan Chase to offer a credit card to customers who’ve flocked to the grocery…
Read More » - Banking
CFPB moves to delay implementation of debt collection rules
The Consumer Financial Protection Bureau on Wednesday proposed postponing implementation of two new Fair Debt Collection Practices Act rules governing…
Read More » - Banking
Dow Jones Drifts Lower While S&P 500 Leads Market; Microsoft Trades In Buy Zone
The Dow Jones Industrial Average traded slightly lower in today’s stock market while the other major indexes reversed higher an…
Read More » - Banking
Dow Jones Gives Up Early Gain As Market Takes A Breather; 2 Dow Stocks In Buy Range
Stocks were taking a breather again as the Dow Jones Industrial Average reversed slightly lower midday Wednesday, after erasing a…
Read More » - Banking
Applied Materials Outlook Called Conservative; Analysts Hike Price Targets
Applied Materials (AMAT) stock dropped after the semiconductor equipment maker gave its outlook for the next four years at a…
Read More » - Banking
Facebook Sees Its Composite Rating Rise To 96
The IBD SmartSelect Composite Rating for Facebook (FB) rose from 94 to 96 Wednesday. X The new rating is a…
Read More » - Banking
Biohaven Crushes Forecasts; What’s Next For Its Blockbuster Hopeful?
Biohaven Pharmaceutical‘s (BHVN) first-quarter pre-announcement for sales of migraine treatment Nurtec ODT crushed Wall Street’s expectations Wednesday, leading BHVN stock…
Read More » - Banking
Biden, touting Fed independence, yet to speak with Powell
President Biden said he hasn’t spoken with Federal Reserve Chair Jerome Powell since taking office more than two months ago,…
Read More » - Banking
Dimon says ‘fintech and big tech are here’ as banks lose ground
Jamie Dimon, who built the biggest and most profitable U.S. bank in history, is warning shareholders his industry’s disruption by…
Read More » - Banking
Fast-growing Plaid raises another $425 million
Plaid, the fast-growing tech company that gathers customer account data from banks and delivers it to fintechs, seems even after…
Read More » - Banking
WD-40 Stock Shows Improved Relative Price Strength, Earnings Slated For Thursday
The recent sector rotation toward cyclical stocks, goods and services people use every day, was a boon to iconic multipurpose…
Read More » - Banking
Leaderboard QA Summary For April Scorecard Webinar On April 6, 2021
good tunes Justin I think that was a David request! Hello Team… 1 month into LB… Do these Scorecard Webinars…
Read More » - Banking
SEC to brief lawmakers on Archegos meltdown
The Securities and Exchange Commission is scheduled to brief members of the House Financial Services Committee on Wednesday about the…
Read More » - Banking
What Supreme Court’s robocall decision means for banks, credit unions
The Supreme Court has handed financial institutions a major victory in their fight against lawsuits involving automated calls and text…
Read More » - Banking
Pool Stock Joins Elite List Of Stocks With 95-Plus Composite Rating
The IBD SmartSelect Composite Rating for Pool (POOL) rose from 93 to 96 Tuesday. X The new rating is a…
Read More » - Banking
Behind M&T’s speedy courtship of People’s United
M&T Bank in Buffalo, N.Y., didn’t waste any time lining up its first bank deal in six years, taking just…
Read More » - Banking
Lockheed’s Hypersonic Missile Hits Setback In First Flight Test
Lockheed Martin‘s (LMT) hypersonic missile prototype failed to launch during Monday in what was supposed to be its first flight…
Read More » - Banking
Dwolla API adds real-time payments via Cross River Bank
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. The promise of faster…
Read More » - Banking
Laramie Plains FCU rebrands as StagePoint
Laramie Plains Federal Credit Union in Laramie, Wyo., has a new identity. The $65 million-asset institution said in a Monday…
Read More »