what’s going on with the banks today
- Banking
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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These 5 Stocks Turned $10,000 Into $46,229 In 5 Months
S&P 500 investors who sold in May and went away didn’t miss much. But that’s not to say giant gains…
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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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Dow Jones Leads As Yellen Calls For More Government Spending; GE Stock Eyes Buy Point
The Dow Jones Industrial Average pared gains as the stock market made mild gains. Treasury Secretary Janet Yellen called for…
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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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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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Salesforce Stock Climbs As Outlook Tops Views Ahead Of Slack Deal Closing
Salesforce stock jumped late Thursday as the enterprise software maker’s April-quarter earnings and revenue topped analyst estimates. Salesforce.com‘s (CRM) second-quarter…
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Box First-Quarter Results Beat Estimates As It Raises Revenue Outlook
Box (BOX) reported first-quarter results late Thursday that beat on the top and bottom lines and raised revenue guidance for…
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Can fintechs build on strong PPP lending to Black businesses?
Though fintech lenders joined the Paycheck Protection Program later than banks, they had an outsize impact in disbursing emergency loans…
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‘Hide-And-Seek’ Market Rally Offers 7 New Stocks To Buy
Dow Jones futures rose slightly late Thursday, along with S&P 500 futures and Nasdaq futures, following a hide-and-seek stock market…
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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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Computer Maker Dell Crushes First-Quarter Sales, Earnings Views
Computer hardware giant Dell Technologies (DELL) late Thursday crushed Wall Street’s targets for its fiscal first quarter. Dell stock rose…
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Top-Rated Stocks: Citi Trends Stock Sees Composite Rating Climb To 97
Citi Trends (CTRN) saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 92 the day before. The…
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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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Citizens CEO says HSBC deal ‘ticks all the boxes’
Over the years, acquisitions of fee-based business have played a key role in Citizens Financial Group’s growth strategy. The Providence,…
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IBD Live QA Summary, Stock Lists For Thursday, May 27, 2021
Question Answer(s) In Marketsmith, when it says something like Fidelity contra fund 0.07% Does that mean .07% of Contrafund is…
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United Community seeks a leg up in Charlotte with high-priced Aquesta deal
United Community Banks in Greenville, South Carolina, moved to fill a conspicuous gap in its North Carolina footprint Thursday, agreeing…
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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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EQT Sees RS Rating Climb To 75
In a welcome move, EQT (EQT) saw its Relative Strength Rating improve from 70 to 75 on Thursday. X As…
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Logitech International Joins Rank Of Stocks With 95-Plus Composite Rating
Logitech International (LOGI) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before. X…
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Shareholders To Vote On SPAC Merger With SoFi As Public Offering Awaits
Online finance company Social Finance, which goes by the name SoFi, is moving closer to an initial public offering via…
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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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Dow Jones Jumps As Republicans, Biden Advance Infrastructure Talks; Nvidia Falls Despite ‘Fantastic’ Earnings
The Dow Jones Industrial Average rallied 275 points Thursday, as Republicans and President Biden continued infrastructure spending talks and the…
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Industrial Automation, Robotics Market Is ‘In Full Swing’ Post-Covid
As the economy emerges from the Covid-19 pandemic, manufacturers are investing in more automation technologies to improve their productivity and…
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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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Dow Jones Today, Futures Mixed Ahead Of GDP, Jobs Data; Ford, Boeing Rally; Best Buy Leads Retail Charge
Stock futures lulled in tightly mixed trade ahead of a raft of early economic news Thursday. Earnings news lifted chip…
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Retailer Best Buy Demolishes First-Quarter Targets Thanks To Government Stimulus
Consumer electronics retailer Best Buy (BBY) on Thursday demolished Wall Street’s targets for its fiscal first quarter thanks to government…
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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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HSBC exiting U.S. retail banking to focus on wealth business
HSBC Holdings is exiting its U.S. domestic mass market retail banking business, agreeing to sell 90 branches, as Europe’s biggest…
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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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Flexsteel Stock Earns Membership In 95-Plus Composite Rating Club
Flexsteel Industries (FLXS) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96. This high rating…
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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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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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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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Okta Stock Slips As Earnings Guidance Misses Amid Big Acquisition, CFO Departs
Okta stock fell after the cybersecurity firm reported first-quarter earnings and revenue that topped analyst estimates. Okta forecast a larger-than-expected…
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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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Small banks count on PPP tech advances to speed traditional lending
When HV Bancorp in Doylestown, Pennsylvania, first went live with the Paycheck Protection Program last April, “we just had bodies…
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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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SoFi stakeholders hit by $560 million freeze ahead of SPAC debut
A New York court ordered the freezing of $560 million in assets held by entities controlled by Renren CEO Joseph…
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Williams-Sonoma Stock Up As 150% Earnings Surge Expected
Upscale home goods retailer Williams-Sonoma (WSM) reports first-quarter earnings late Wednesday, amid continued strong demand for home furnishings. WSM stock…
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Stock Upgrades: Infosys Shows Rising Relative Strength
When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating.…
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