Banking investment


 Lloyds and Barclays share prices have risen in 2024: more upside?

Lloyds and Barclays share prices have risen in 2024: more upside?

August 14, 2024 06:06 PM AEST| By Invezz

Lloyds and Barclays share prices have held steady in the past few days as investors focus on the British economy. Barclays (BARC) stock was trading at 220p on Wednesday, 12% higher than this month’s low of 196.30p. It has risen by over 44% this year,...

 KeyCorp shares surge 18% as Scotiabank invests $2.8 billion: What this means for both banks

KeyCorp shares surge 18% as Scotiabank invests $2.8 billion: What this means for both banks

August 13, 2024 05:37 AM AEST| By Invezz

KeyCorp (NYSE: KEY) saw its stock price surge approximately 18% today following an announcement that the Bank of Nova Scotia (NYSE: BNS) will invest $2.8 billion for a minority stake in the financial services company.  This significant move is s...

 Colin Huang: The rise of China’s new richest man and the Temu phenomenon

Colin Huang: The rise of China’s new richest man and the Temu phenomenon

August 10, 2024 02:12 AM AEST| By Invezz

Colin Huang, the founder of Temu and Pinduoduo, has recently been crowned as China’s richest man, with a net worth of $48.6 billion, according to the Bloomberg Billionaires Index. His rise to the top marks a significant shift in China’s billionaire r...

 BofA upgrades Apollo Global stock after a dramatic 20% decline this month: Should you consider buying?

BofA upgrades Apollo Global stock after a dramatic 20% decline this month: Should you consider buying?

August 06, 2024 11:26 PM AEST| By Invezz

On August 5, Bank of America upgraded Apollo Global Management to “Buy” from “Neutral” following a significant 20% drop in the company’s stock since the start of the month. BofA analysts attributed this drop to weaker-th...

 Revolut announces $45 billion share sale to staff

Revolut announces $45 billion share sale to staff

August 03, 2024 02:13 AM AEST| By Invezz

Revolut, Europe’s most valuable startup, has informed its staff of an upcoming sale of up to $500 million worth of existing shares. The sale, which values the company at $45 billion, will allow eligible employees to sell a portion of their vest...

 Japan’s stock market plunges to 8-month low after BOJ rate hike: What’s next for investors?

Japan’s stock market plunges to 8-month low after BOJ rate hike: What’s next for investors?

August 02, 2024 10:01 PM AEST| By Invezz

Japan’s stock market plunged to an eight-month low on Friday, following the Bank of Japan’s (BOJ) decision to raise benchmark interest rates to their highest level since 2008. This decline, spanning two consecutive days, has rattled investors and ana...

 Here’s why Barclays, Rolls-Royce, Next PLC, Shell shares popped

Here’s why Barclays, Rolls-Royce, Next PLC, Shell shares popped

August 01, 2024 06:55 PM AEST| By Invezz

It was a sea of green in London as investors waited for the upcoming Bank of England (BoE) interest rate decision and the ongoing corporate earnings. The FTSE 100 index rose slightly as some of its biggest constituent companies jumped.  Rolls-Ro...

 Apollo Global stock: private credit giant forms a risky pattern

Apollo Global stock: private credit giant forms a risky pattern

July 31, 2024 07:28 PM AEST| By Invezz

Apollo Global Management (NYSE: APO) stock price has done well this year as investors cheer its performance. It has soared by over 31% this year and 50% in the past 12 months. It has also been a highly successful stock as it jumped by over 405% in th...

 BMO stock price lags its Canadian peers: is it a good buy now?

BMO stock price lags its Canadian peers: is it a good buy now?

July 31, 2024 04:04 PM AEST| By Invezz

The Bank of Montreal (TSX: BMO) stock price is the worst-performer among the big 4 Canadian banks this year. It has dropped by over 13% this year while TD has dropped by 5.10% and Bank of Nova Scotia is barely moved. Royal Bank of Canada (RBC) stock...

 Warren Buffett sells $1.5 billion in Bank of America stock: What it means for investors

Warren Buffett sells $1.5 billion in Bank of America stock: What it means for investors

July 23, 2024 01:24 AM AEST| By Invezz

In a surprising move, Berkshire Hathaway Inc (NYSE: BRK.B), led by legendary investor Warren Buffett, has sold $1.5 billion worth of Bank of America Corporation (NYSE: BAC) stock. This sale involved unloading 33.9 million shares, marking the first re...

 Citigroup faces amended lawsuit over alleged risk management deception

Citigroup faces amended lawsuit over alleged risk management deception

July 20, 2024 02:24 AM AEST| By Invezz

Former Citigroup managing director Kathleen Martin has filed an amended lawsuit against the bank, alleging intentional deception by its Chief Operating Officer, Anand Selva. Martin claims she was dismissed for refusing to mislead a federal regulator...

 American Express surpasses EPS forecasts and raises guidance, yet shares fall

American Express surpasses EPS forecasts and raises guidance, yet shares fall

July 19, 2024 10:49 PM AEST| By Invezz

American Express Company (NYSE: AXP) surpassed expectations for per-share earnings in its second financial quarter, driven by a growing number of cardholders and robust double-digit growth in card fees. Despite this, the stock experienced a decline....

 Coinbase stock price faces key tailwinds and potential risks

Coinbase stock price faces key tailwinds and potential risks

July 19, 2024 04:51 PM AEST| By Invezz

Coinbase (NASDAQ: COIN) stock price has been ugly in the past three months as concerns about the crypto industry continued. After peaking at $283 in March, it has dropped by almost 18% and is nearing a technical bear market.  Despite the retreat...

 Deutsche Bank’s 2019 deferred tax asset disclosure scrutinized by German regulator BaFin

Deutsche Bank’s 2019 deferred tax asset disclosure scrutinized by German regulator BaFin

July 16, 2024 09:38 PM AEST| By Invezz

On Tuesday, Germany’s financial regulator BaFin highlighted significant issues with Deutsche Bank’s 2019 financial statement, focusing on the incomplete disclosure of deferred tax assets. The regulator, formally known as the Federal Finan...

 ASX 200 index hits ATH amid CBA Bank stock valuation concerns

ASX 200 index hits ATH amid CBA Bank stock valuation concerns

July 16, 2024 02:05 PM AEST| By Invezz

The ASX 200 index continued its bull run this week even as the Australian dollar soared to its highest point since January this year. It has jumped to a record high of A$8,060 on Monday, 20% above its lowest point in 2023.  Hawkish RBA concerns...

 Jim Cramer trims bank stocks ahead of earnings

Jim Cramer trims bank stocks ahead of earnings

July 06, 2024 02:13 AM AEST| By Invezz

Famed investor Jim Cramer trimmed his stake in the bank stocks on Friday – a week before the earnings season is scheduled to kick off.  His Charitable Trust sold 110 shares of Wells Fargo & Co (NYSE: WFC) this morning and 50 shares of...

 Hong Kong fines DBS Bank $1.3 M in money laundering scandal

Hong Kong fines DBS Bank $1.3 M in money laundering scandal

July 06, 2024 12:35 AM AEST| By Invezz

The Hong Kong Monetary Authority (HKMA) has imposed a fine of HK$10 million ($1.3 million) on the local branch of Singapore’s DBS Bank. This action is a consequence of several breaches related to anti-money laundering (AML) regulations, accordi...

 Visa joins Tangem to launch new crypto hardware wallet

Visa joins Tangem to launch new crypto hardware wallet

July 05, 2024 02:12 AM AEST| By Invezz

Tangem partners with Visa to introduce Tangem Pay, enabling direct crypto payments from a self-custodial wallet.

 Barclays share price nears a pivotal level ahead of bank earnings

Barclays share price nears a pivotal level ahead of bank earnings

July 04, 2024 07:37 PM AEST| By Invezz

The Barclays (LON: BARC) share price has done well this year, making it one of the best-performers in the FTSE 100 index. It has risen by over 81% from its lowest point in 2023 and is nearing the year-to-date high of $225. Barclays turnaround is cont...

 Lloyds share price could be at risk of a harsh reversal in July

Lloyds share price could be at risk of a harsh reversal in July

July 02, 2024 12:02 PM AEST| By Invezz

Lloyds (LON: LLOY) share price has stalled in the past few weeks as investors focus on the upcoming UK election and Bank of England (BoE) interest rate decision. It was trading at 55.6p on Monday, down by almost 3% from its highest point this year.&#...

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