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Banking investment
Here’s why FICO, TransUnion, and Equifax stocks are soaring
October 07, 2024 01:02 PM AEDT| By InvezzFair Isaac Corporation (FICO), Equifax (EFX), and Transunion (TRU) stocks are firing on all cylinders this year and beating Wall Street. FICO has soared by 64% in 2024 and by over 122% in the last twelve months, bringing its market cap to over...
Grayscale launches single-asset crypto investment fund ‘AAVE Trust’
October 04, 2024 04:45 AM AEST| By InvezzGrayscale Investments, the world’s largest crypto asset manager, has announced the launch of its AAVE single-asset Trust fund, offering qualified investors exposure to the decentralized finance (DeFi) token. The AAVE Trust adds to Grayscale’s growing...
TPG stock analysis: Private equity giant with potential catalysts
September 29, 2024 04:06 PM AEST| By InvezzPrivate equity companies are firing on all cylinders this year, with most of them beating the S&P 500 index. TPG (NASDAQ: TPG), which went public in 2022, has risen from a record low of $20.96 to $60. It has risen by almost 50% this year, beating...
World’s highest-valued startups: OpenAI and SpaceX soar, but ByteDance remains dominant
September 27, 2024 01:59 AM AEST| By InvezzIn an era of rapid technical developments and soaring values, ByteDance remains the most valuable startup in the world, with a valuation of $225 billion, according to CB Insights’ tracker. However, the IT sector is teeming with activity, partic...
Private investors seek larger share of private markets despite fundraising decline
September 25, 2024 09:08 PM AEST| By InvezzPrivate markets fundraising has seen a decline of over 10% in the last two years, but family offices and ultra-high-net-worth individuals (UHNWIs) are increasingly showing interest in the asset class. While traditionally dominated by institutional in...
Carlyle Group stock is a bargain with potential catalysts
September 25, 2024 05:09 PM AEST| By InvezzPrivate equity companies have done well in the past 12 months, helped by the robust inflows into alternative assets. The closely-watched Invesco Global Listed Private Equity ETF (PSP) has jumped by over 30% in this period and is hovering at its highe...
Vanguard fined $9M in Australia’s largest greenwashing penalty
September 25, 2024 05:06 PM AEST| By InvezzIn a landmark decision, Vanguard Investments Australia Ltd. has been fined A$12.9 million ($8.9 million) by Australia’s Federal Court for making misleading claims about its ethical investment options. The penalty marks the highest greenwashing fine i...
UniCredit raises stake in Commerzbank to 21%, seeks approval to increase holding to 29.9%
September 23, 2024 10:40 PM AEST| By InvezzIn a strategic move reflecting confidence in Germany’s banking sector, UniCredit, Italy’s largest lender, has raised its stake in Commerzbank to 21%. The Italian bank, led by CEO Andrea Orcel, plans to increase its shareholding further, targeting up...
Blackstone stock price gets severely overvalued ahead of Fed cuts
September 17, 2024 03:37 AM AEST| By InvezzBlackstone (NYSE: BX) stock price rose for the six consecutive days, reaching a record high of $155. It has risen by over 26% this year and by over 250% in the last five years, giving it a market cap of over $184 billion. Other private equity c...
Citigroup shifts compliance work for 800 staff after $136M fine
September 16, 2024 07:21 PM AEST| By InvezzCitigroup, one of the world’s largest financial institutions, is undergoing a significant restructuring of its compliance efforts in response to recent regulatory pressures. The bank is shifting responsibility for a crucial aspect of its compli...
Citigroup stock needs to flip this price to continue its uptrend
September 14, 2024 08:53 PM AEST| By InvezzCitigroup (NYSE: C) stock price has pulled back in the past two months as concerns about the pace of Federal Reserve interest rate cuts and its ongoing turnaround efforts remain. It retreated to a low of $58, down by 14% from its highest point this y...
Wells Fargo faces OCC enforcement, but Jim Cramer sees opportunity in stock
September 14, 2024 05:39 PM AEST| By InvezzShares of Wells Fargo & Co (NYSE: WFC) dipped following news of an enforcement action by the Office of the Comptroller of the Currency (OCC), citing the bank’s insufficient anti-money laundering efforts. Despite this, Jim Cramer views the pullbac...
UK shares forecasts: Ocado, Lloyds, BT Group
September 10, 2024 09:55 PM AEST| By InvezzUK stocks have gone nowhere in the past few months. The FTSE 100 index was trading at £8,235 on Tuesday, a few points above last week’s low of £8,167 and 4.12% from its lowest level in August. It remains 2.80% below the highest point this year. This...
BBVA adds USDC custody and trading services for its Switzerland clients
September 09, 2024 07:03 PM AEST| By InvezzSpain’s multinational banking and financial services company Banco Bilbao Vizcaya Argentaria, SA, has expanded its digital asset services by adding USD Coin (USDC) for its institutional and private banking clients in Switzerland. This move follows th...
CBOE, Nasdaq, and ICE: are these good blue-chip stocks to buy?
September 06, 2024 08:32 PM AEST| By InvezzWarren Buffett has long recommended investing in companies with a substantial moat around them. Over the years, he has succeeded in this by acquiring companies like Apple, Moody’s, Coca-Cola, and American Express. Companies like Cboe Markets (CBOE),...
Australia’s economy remains sluggish as consumer spending declines
September 04, 2024 02:37 PM AEST| By InvezzAustralia’s economy showed signs of persistent weakness in the second quarter of 2024, with gross domestic product (GDP) growing by just 0.2% from the previous quarter. This growth rate matched economists’ expectations but was insufficient to r...
HSBC share price: 7% dividend yield and new CEO are catalysts
August 28, 2024 12:02 PM AEST| By InvezzHSBC (LON: HSBA) share price continued its slow recovery this week as investors focused on the upcoming management changes at the biggest bank in Europe. The stock jumped to a high of 665p on Tuesday, its highest point since August 1. Overhaul to con...
Royal Bank of Canada (RBC) stock sits at ATH ahead of earnings: is it a buy?
August 28, 2024 02:12 AM AEST| By InvezzThe Royal Bank of Canada (TSX: RY) stock price has risen for two consecutive months and is sitting at its all-time high (ATH). It has risen by over 20% this year, outperforming the TSX Composite Index and other Canadian banks like Bank of Montreal (B...
Tesco, NatWest, Lloyds Bank stocks: how to bet on Britain
August 26, 2024 11:05 AM AEST| By InvezzThe British economy is doing relatively well, helped by a combination of falling inflation, strong manufacturing and services sector, and a healthy job market. The most recent data showed that the economy expanded by 0.6% in the second quarter after...
SEBI bans Anil Ambani and 24 entities from market for 5 years; ADAG shares drop
August 23, 2024 06:59 PM AEST| By InvezzIndia’s markets regulator Securities and Exchange Board (SEBI) has taken stringent action against industrialist Anil Ambani, along with 24 other entities, for their role in a fraudulent scheme involving the diversion of funds from Reliance Home...
