community banking news
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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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Dow Jones Today, Futures Rise Ahead Of Inflation Data, Biden Spending Plan; Google In Buy Range; Salesforce Rallies On Earnings
Stock futures climbed Friday, as the market aimed to wrap the final trading session of May on a positive note.…
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This Leading Franklin Fund Focuses On Innovation, Some Pre-IPO Bets
The $5.7 billion Franklin Growth Opportunities Fund (FRAAX) ranks among the best mutual funds. The crux of its approach is…
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Turtle Beach Joins Rank Of Stocks With RS Ratings Over 90
Turtle Beach had a great year. Consumers took to playing videogames during the stay-at-home phase of the Covid pandemic, driving…
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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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Honor Credit Union to merge with smaller Michigan CU
Honor Credit Union in Berrien Springs and ATL Federal Credit Union in Wyoming, Michigan, will combine later this year. Honor…
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More D.C. fireworks: Lawmakers, CEOs clash on minority outreach, overdrafts
WASHINGTON — On the second day of congressional testimony by the CEOs of the six largest banks, lawmakers pulled few…
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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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Design Software Leader Autodesk Beats First-Quarter Sales, Earnings Goals
Autodesk (ADSK), a maker of computer-aided design software and workflow tools, late Thursday reported fiscal first-quarter results that beat analyst…
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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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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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Cybersecurity Zscaler Stock Reaches 80-Plus Relative Strength Rating Benchmark
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
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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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Dow Jones Leads Stock Market But Pares Gains As Biden, GOP Work On Infrastructure Plan
The Dow Jones Industrial Average sharply pared its gains midday Thursday, after rising nearly 300 points early on better-than-expected jobs…
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Toll Brothers Builds Its Composite Rating, Rising To 98
Toll Brothers (TOL) saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 98. The revised score…
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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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Investing startup Acorns reaches $2.2 billion deal to go public
Acorns Grow the investing startup backed by celebrities including Dwayne “The Rock” Johnson and Ashton Kutcher, agreed to go public…
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Boeing Stock Up As Top 737 Customer Needs Hundreds More Planes: Report
Southwest Airlines (LUV), a top Boeing (BA) 737 customer, says it could need up to 500 new aircraft as it…
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The Surprising Move Vir Stock Made After Winning Covid Drug Authorization
GlaxoSmithKline (GSK) and Vir Biotechnology (VIR) won Food and Drug Administration authorization for a Covid treatment on Wednesday, but Vir…
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BNY Mellon targets commercial bill-pay clients for fast payments
BNY Mellon plans to use mundane but voluminous transactions like utility bills as a primary use case for real-time payments.…
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Why Wait? Get Paid Dividends Every Month (Or Week)
Investors can’t control that S&P 500 dividends are shrinking. But they at least control how often they get paid with…
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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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Credit union’s deal for tiny thrift has mutual bank advocates on edge
The case of a one-branch thrift selling itself to Minnesota’s largest credit union has mutual banking advocates lining up in…
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Why The Option Market Prices In An 8% Move On Snowflake’s Earnings
Snowflake (SNOW) reports quarterly earnings Wednesday after the closing bell and the results are eagerly anticipated by the market. Last…
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Palantir Technologies Stock Scores Rising Relative Strength
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
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Freddie Mac hires former Wells Fargo exec Michael DeVito as new CEO
Michael DeVito, Wells Fargo’s former executive vice president of home lending, will take over as full-time CEO of Freddie Mac…
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Dow Jones Pares Gain As Nasdaq Leads Market Upside; This Automaker Scores Breakout
The Dow Jones Industrial Average traded near break-even in today’s market after paring earlier gains. Over the past hour, the Dow…
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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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Qorvo Shows Improved Relative Price Strength
Qorvo (QRVO) had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still…
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Workday Stock Slips As Subscription Revenue Outlook Edges By Estimates
Workday stock fell on Wednesday after the enterprise software maker reported first-quarter earnings that topped estimates while revenue just edged…
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Pure Storage First-Quarter Results Top Estimates, Including Outlook
Pure Storage (PSTG) reported first quarter results late Wednesday that exceeded expectations, as did its revenue outlook for the second…
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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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Bank CEOs grilled by Senate on pandemic response, ‘woke capitalism’
WASHINGTON — The CEOs of the six largest banks faced a grilling in the Senate on Wednesday, taking heat from…
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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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EV Play Tritium Finds A SPAC After Last Month’s Deal Freeze
Tritium, a maker of charging stations for electric vehicles, said it planned to go public via a SPAC, with hopes…
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IBD Live QA Summary, Stock Lists For Wednesday, May 26, 2021
Ticker of the day RLUV Indeed Is Radar Love an indirect reference to Tesla? Haha, Ed added it to the…
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Fitness Fanatic Nautilus Stock Sees RS Rating Jump To 81
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
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Cricut Joins Elite List Of Stocks With 95-Plus Composite Rating
Recent IPO Cricut’s stock is running hot out of the gate. The IBD SmartSelect Composite Rating for Cricut (CRCT) rose…
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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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Morningstar Stock Earns Key IBD Rating Upgrade; New Day Dawning For Research Firm?
Research firm Morningstar has reported outstanding profit and sales growth over the past year. Its stock price has climbed along…
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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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