Banking investment

Lloyds and Barclays share prices have risen in 2024: more upside?
August 14, 2024 06:06 PM AEST| By InvezzLloyds 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
August 13, 2024 05:37 AM AEST| By InvezzKeyCorp (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
August 10, 2024 02:12 AM AEST| By InvezzColin 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?
August 06, 2024 11:26 PM AEST| By InvezzOn 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
August 03, 2024 02:13 AM AEST| By InvezzRevolut, 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?
August 02, 2024 10:01 PM AEST| By InvezzJapan’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
August 01, 2024 06:55 PM AEST| By InvezzIt 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
July 31, 2024 07:28 PM AEST| By InvezzApollo 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?
July 31, 2024 04:04 PM AEST| By InvezzThe 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
July 23, 2024 01:24 AM AEST| By InvezzIn 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
July 20, 2024 02:24 AM AEST| By InvezzFormer 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
July 19, 2024 10:49 PM AEST| By InvezzAmerican 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
July 19, 2024 04:51 PM AEST| By InvezzCoinbase (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
July 16, 2024 09:38 PM AEST| By InvezzOn 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
July 16, 2024 02:05 PM AEST| By InvezzThe 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
July 06, 2024 02:13 AM AEST| By InvezzFamed 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
July 06, 2024 12:35 AM AEST| By InvezzThe 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
July 05, 2024 02:12 AM AEST| By InvezzTangem 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
July 04, 2024 07:37 PM AEST| By InvezzThe 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
July 02, 2024 12:02 PM AEST| By InvezzLloyds (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....