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Banking investment
Aviva CEO on H1 results: ‘we saw really strong growth in first half’
August 17, 2023 01:43 AM AEST| By InvezzAviva plc (LON: AV) ended slightly up on Wednesday after reporting a year-on-year increase in its first-half operating profit. Aviva saw its profit jump 8.0% in H1 The insurance company ended the first six months of this year with £715 million (...
UBS to pay $1.43 billion in civil penalties for alleged fraud
August 15, 2023 06:55 AM AEST| By InvezzUBS Group AG (NYSE: UBS) is in focus today after it agreed to pay civil penalties worth $1.43 billion to settle a long-standing case with the U.S. Department of Justice. UBS fined for alleged fraud The said lawsuit alleged that UBS knew there...
Plus500 blames lower market volatility for a 43% decline in H1 profit
August 15, 2023 02:27 AM AEST| By InvezzPlus500 Ltd (LON: PLUS) ended in the green today even though it reported a big hit to its core profit in the first six months of this year. Plus500 announces a share repurchase programme The online trading platform attributed much of the H1 weakness...
Aviva share price analysis and earnings preview: buy the dip?
August 14, 2023 08:45 PM AEST| By InvezzAviva (LON: AV) share price has moved sideways in the past few days as focus shifts to the upcoming earnings. The stock was trading at 385.9p on Monday, a few points above last month’s low of 375p. It has dropped by 13% below the year-to-date h...
UBS terminates loss-protection agreement related to its takeover of Credit Suisse
August 12, 2023 01:03 AM AEST| By InvezzUBS Group AG (NYSE: UBS) has voluntarily ended the ₣9.0 billion ($10.27 billion) agreement with the government of Switzerland that was in place to cover potential losses related to the takeover of Credit Suisse. Beat Wittman reacts to announcem...
Lloyds Bank share price: Dead money walking, avoid
August 11, 2023 06:17 PM AEST| By InvezzLloyds (LON: LLOY) share price has been dead money this year. After soaring to a high of 51.46p in February, the company’s stock has dropped to about 43p. It has underperformed the performance of other UK bank stocks like HSBC and Standard Char...
FTSE MIB pressured by Italy bank windfall taxes: buy the dip?
August 09, 2023 03:30 PM AEST| By InvezzThe FTSE MIB index came under intense pressure this week as sentiment on Italian stocks eased. The index, which tracks the biggest Italian companies, has dropped in the past six straight days. Most of these gains came on Tuesday as concerns about the...
Moody’s lowers its credit ratings on U.S. banks
August 09, 2023 02:12 AM AEST| By InvezzMoody’s lowered its credit ratings on a bunch of U.S. based small and mid-sized banks on Tuesday and placed some of their bigger peers on negative review as well. U.S. banks included in Moody’s note The big banks that are being reviewed a...
Abrdn share price outlook as assets under management slips again
August 09, 2023 12:45 AM AEST| By InvezzAbrdn (LON: ABDN) share price plunged hard on Tuesday after the asset manager published worrying financial results. The stock, which jumped to a multi-month high of 238p in July, it plunged to a low of 196.55p, the lowest level since May 25th. This m...
Warren Buffett was a net seller of stocks in Q2
August 08, 2023 12:45 AM AEST| By InvezzBerkshire Hathaway Inc (NYSE: BRK.A) is in focus today after reporting a 6.0% year-on-year increase in its second-quarter operating earnings after taxes to a record $10 billion. Notable figures in Berkshire’s Q2 update Berkshire attributed much...
Is London Stock Exchange (LSEG) stock a buy after earnings?
August 04, 2023 12:30 AM AEST| By InvezzThe London Stock Exchange (LON: LSEG) share price plunged and then crawled back on Thursday after the company published mixed financial results. The shares initially plunged to a low of 7,782p, the lowest level since April 19th, and then bounced back...
PayPal disappoints on margins in Q2: ‘I want to be a buyer here’
August 03, 2023 09:14 AM AEST| By InvezzShares of PayPal Holdings Inc (NASDAQ: PYPL) slipped roughly 8.0% in extended trading today even though the online payments company topped analysts’ estimates in its fiscal Q2. Why are PayPal shares down in after-hours? What’s driving wea...
Man Group share price forecast as AUM surges to a record high
August 01, 2023 07:45 PM AEST| By InvezzMan Group (LON: EMG) share price had its worst day since May after the hedge fund published weak financial results. The stock plunged by more than 5% and retested the support level at $220. In all, the shares dropped by almost 8% from its highest poi...
SoFi stock jumps 20% on raised outlook
August 01, 2023 01:15 AM AEST| By InvezzSoFi Technologies Inc (NASDAQ: SOFI) is up 20% this morning after reporting market-beating results for its second financial quarter. SoFi raised its full year guidance Investors are cheering the raised guidance as well. The financial technology compa...
JPMorgan is investing in an AI-focused venture
July 30, 2023 09:56 AM AEST| By InvezzJPMorgan Chase & Co (NYSE: JPM) has partnered with TIFIN as part of its commitment to exploring the potential of artificial intelligence in financial services. Here’s what we know so far On Friday, the multinational revealed plans of invest...
St James Place share price sits at crossroads ahead of earnings
July 27, 2023 03:38 AM AEST| By InvezzSt James Place (LON: STJ) share price has made a modest recovery this month as investors wait for the company’s financial results. The stock jumped to a high of 1,185p on Wednesday, the highest level since April 26th. It has risen by over 12.8%...
PacWest shares jump 30% on a $1.1 billion buyout deal
July 27, 2023 01:48 AM AEST| By InvezzPacWest Bancorp (NASDAQ: PACW) opened 30% up today after Bank of California Inc (NYSE: BANC) said it will buy the commercial banking company for $1.10 billion. Details of PacWest-Banc of California merger The all-stock merger will replace each share...
HSBC share price crossed key level as focus shifts to earnings
July 25, 2023 04:55 PM AEST| By InvezzHSBC (LON: HSBA) share price has done well this year as investors cheer the company’s turnaround strategy. It soared to an all-time high of 645.6p on Friday as the focus shifts to next week’s earnings release. HSBC earnings ahead HSBC has...
American Express says it did not see signs of credit stress in Q2
July 22, 2023 01:18 AM AEST| By InvezzAmerican Express Company (NYSE: AXP) says continued demand for travel and entertainment pushed spending to a record high in the second quarter. Its shares are still down roughly 5.0% this morning. Why are American Express shares down today? Despite h...
Blackstone stock price forms a golden cross: rating upgrade, 10% upside
July 21, 2023 09:59 PM AEST| By InvezzBlackstone (NYSE: BX) stock price recovery gained steam after the company published strong financial results. The shares surged to a high of $108 on Thursday, the highest level since November last year. It has surged by more than 51% from the lowest...
