daily banking news
- Banking
MercadoLibre Shows Rising Price Performance With Jump To 82 RS Rating
On Friday, MercadoLibre (MELI) received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82. X When…
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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…
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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…
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Cabot Founder Picks His Best ETFs And Sees Artificial Intelligence Fueling Them
Rob Lutts, founder of Cabot Wealth Management, believes we’re just getting started on the artificial intelligence, alternative energy, autonomous driving…
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CrowdStrike Stock: Partnership With Amazon Seen As Growth Driver
Wall Street tried to digest the news Friday that cybersecurity firm CrowdStrike Holdings (CRWD) expects its partnership with cloud computing…
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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…
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How two CEOs reshaped their banks’ cultures
Cultural transitions can be daunting, particularly in the banking industry. New CEOs are often tempted to make changes and put…
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Dow Jones Rises To New High As Apple Extends Win Streak; Growth Stocks Break Out
Stocks rose moderately Friday as the Dow Jones Industrial Average and S&P 500 stayed on track for all-time highs. Apple…
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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…
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Laser Photonics II-VI Stock Sees Composite Rating Climb To 96
II-VI (IIVI) saw an improvement in its IBD SmartSelect Composite Rating Friday, from 93 to 96. The laser photonics specialist…
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Taiwan Semiconductor Posts Record First-Quarter Sales Amid Production Constraints
Taiwan Semiconductor Manufacturing (TSM), the world’s leading chip foundry, on Friday posted better-than-expected March-quarter sales as its factories continue to…
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Top mortgage lenders of 2020, according to early HMDA analyses
Overall, 2020 was a record year for the housing finance industry, but not everyone reaped the same gains from it,…
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Alliance of women CEOs aims to save small credit unions
Small credit unions, which are largely run by women, are quickly being merged out of existence. The coronavirus pandemic has…
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Moneyball To Crypto Money: ‘We’re A Believer’ In Bitcoin Amid Baby Steps In Payments
As the coronavirus pandemic swept through the U.S. last year, the Oakland A’s began receiving more of a certain type…
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Dow Rallies, Tech Stocks Fall As Yields Rebound Amid Inflation Data; Tesla Stock Slides
The Dow Jones Industrial Average rallied over 100 points Friday, while tech stocks dropped as Treasury yields rebounded amid a…
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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…
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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,…
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Blockchain ETF Lets Investors Cash In On Bitcoin’s Resurging Popularity
Blockchain technology was all the rage back in 2018, when Bitcoin and other cryptocurrencies dominated daily headlines. X And it’s…
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Stocks To Buy And Watch: Use The IBD Composite Rating To Find Stock Market’s Best Stocks
While identifying the stock market’s best stocks to buy and watch sounds like a daunting task, investors can use the…
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It’s Game Over For The Reddit GameStop ‘Short-Squeeze’ Rebellion
It was fun while it lasted. But it’s looking like game over for the Reddit-powered “short squeeze” rebellion on GameStop…
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PayPal is building a ‘super app.’ Should banks be worried?
For years, bankers agonized over the day when Big Tech firms would finally set their sights squarely on financial services.…
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National Beverage Key Stock Rating Climbs Amid Outstanding Profit Growth
National Beverage is one of the few companies that emerged from the coronavirus recession relatively unscathed. The soft drink maker’s…
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Medical Technology Firm Butterfly Network Earns RS Rating Upgrade
Butterfly Network (BFLY) had its Relative Strength (RS) Rating upgraded from 67 to 72 Thursday — a welcome improvement, but…
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This Fund Manager Used CAN SLIM To Turn Trade Desk Into A 1,000% Gain — Learn How
Jordan Kahn, President and CIO of ACM Funds, joined the Investing with IBD podcast this week to discuss strategies for…
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Top Marijuana Stock Could Fill Key Void With Latest Buyout As Competition Increases
Canopy Growth (CGC) on Thursday said it would buy rival Supreme Cannabis to fatten the Canadian pot producer’s recreational market…
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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…
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Nasdaq Nears Highs As Growth Roars; 12 Stocks To Watch
Dow Jones futures rose slightly Thursday night, along with S&P 500 futures and Nasdaq futures. The stock market rally had…
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SEFCU welcomes 1,500 for COVID vaccination clinic
State Employees Federal Credit Union in Albany, N.Y., which does business as SEFCU, hosted more than 1,500 consumers this week…
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Stocks Close Higher After S&P 500 Hits New High; These Tech Stocks Trade In Buy Zones
The Dow Jones Industrial Average traded slightly higher in today’s stock market as all the major indexes closed near their…
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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…
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AMOCO Federal Credit Union OK’d for field-of-membership expansion
The National Credit Union Administration has approved a massive field-of-membership expansion for Texas-based AMOCO Federal Credit Union, increasing its potential…
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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…
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Freedom Holding Stock Earns A Spot On IBD 50, Nears Buy Point
Freedom Holding Corp (FRHC) is forming a base showing a 61.87. Earning a spot on the IBD 50, it’s among…
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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…
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Will floundering FSOC gain more relevance under Yellen?
WASHINGTON— Following the 2008 financial crisis, lawmakers created the Financial Stability Oversight Council to serve as an early-warning system to…
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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,…
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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…
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The Global Chip Shortage Isn’t Done Squeezing Auto Plants
General Motors (GM) is pausing production at several North American plants due to the global chip shortage affecting the entire…
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Betterment launches checking account for shared finances
Betterment is expanding the banking side of its business by launching a joint checking account to complement its checking feature…
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Sherrod Brown seeks answers from banks linked to Archegos
Senate Banking Committee Chairman Sherrod Brown asked banks involved with Bill Hwang’s Archegos Capital Management to explain their role in…
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GameStop Reverses After Tapping Activist Investor Ryan Cohen As Chairman
GameStop (GME) announced Thursday it was planning to elect activist investor Ryan Cohen chairman of the board of directors at…
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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…
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Bitcoin Hits Tipping Point After Skyrocketing On Investment Mania
More people are investing in Bitcoin after an avalanche of coronavirus stimulus shocked the cryptocurrency back to life last year. But…
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Credit cards seek a role in preventing buy now/pay later defaults
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. Buy now/pay later giants…
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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…
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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…
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Dow Jones Today Hovers, Nasdaq Futures Climb Ahead Of Jobless Data; Chip Shortage Slows Apple Orders
Stock futures held to positive ground early Thursday, ahead of weekly jobless claims data, and after two sessions of quietly…
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JPMorgan back to the office; delivery services plan rewards credit cards
Receiving Wide Coverage … No forgiveness “When Covid-19 hit the economy, most debt collectors gave borrowers a break, cutting back…
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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…
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IBD 50 Stocks To Watch: This Zebra Gallops Toward New Buy Point Amid Turnaround
Zebra Technologies (ZBRA) is the IBD 50 Stocks To Watch pick for Wednesday as it eyes a new buy point amid…
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