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Banking investment
As the Hargreaves Lansdown share price soars, is it a good buy?
July 21, 2023 08:05 PM AEST| By InvezzHargreaves Lansdown (LON: HL) share price has made a spectacular comeback in the past few weeks. The stock jumped to a high of $944.8p on Friday, the highest level since February 14th. In all, the shares have jumped by more than 20% from the lowest p...
NatWest share price outlook amid the Nigel Farage Coutts account crisis
July 21, 2023 12:00 PM AEST| By InvezzNatWest (LON: NWG) share price has largely ignored the ongoing Coutts controversy in the UK. The stock jumped to 263p on Thursday, the highest point since June 15. At its peak, the stock was ~16% above the lowest level in June. Nigel Farage Cou...
Barclays, Lloyds, NatWest, HSBC shares rise as US bank earnings jump
July 19, 2023 06:44 AM AEST| By InvezzUK banking stocks have done well this week as investors focused on the ongoing earnings season in the US. Lloyds share price jumped by 1.90% on Tuesday while Barclays, HSBC, and NatWest rose by over 1.50%. All these stocks have risen in the past thre...
Morgan Stanley Q2 earnings: ‘it knows how to grow in an environment like this’
July 19, 2023 01:06 AM AEST| By InvezzMorgan Stanley (NYSE: MS) opened 5.0% up on Tuesday after reporting better-than-expected results for its fiscal second quarter. Wealth management division did well in Q2 Investors are particularly happy because higher interest income fuelled a 16% an...
Bank of America (BofA) Q2 revenue and profits jumps as rates rise
July 18, 2023 09:29 PM AEST| By InvezzBank of America (NYSE: BAC) had a strong quarter, helped by rising interest rates. The company’s revenue jumped by 11% to over $25.33 billion. Analysts were expecting the bank’s revenue to come in at $25.05 billion. Its earnings per share...
Beazley share price death cross pattern points to more woes
July 18, 2023 12:00 AM AEST| By InvezzBeazley (LON: BEZ) share price has underperformed the market this year. The stock has dropped by more than 15% this year while companies like Aviva and Legal & General have slipped by over 7.25% and 10.25%. All these shares have lagged the FTSE 1...
Analyst: Wells Fargo has one of the ‘best deposit bases’ despite a 6.8% decline in Q2
July 15, 2023 02:41 AM AEST| By InvezzWells Fargo & Co (NYSE: WFC) reported better-than-expected results for its fiscal second quarter on Friday. Its shares are up slightly this morning. Analyst reacts to Wells Fargo results The financial services company attributed its quarterly str...
JP Morgan revenue and profits surge as interest rates rise
July 14, 2023 09:27 PM AEST| By InvezzJP Morgan (NYSE: JPM), the biggest bank in the US, published strong financial results that beat analysts estimates. The company benefited from the rising interest rates and additional inflows following the acquisition of First Republic Bank (FRC)....
Buy Legal & General stock for its safe 7.90% dividend yield
July 13, 2023 04:07 AM AEST| By InvezzLegal & General (LON: LGEN) share price has moved sideways in the past few months amid rising economic instability in the UK. The stock was trading at 230p on Wednesday, ~12% above the lowest level this year and ~9.6% below the highest point this...
Aviva share price falls to key support: Is it a good stock to buy?
July 13, 2023 01:02 AM AEST| By InvezzAviva (LON: AV) share price has been in a deep slumber as concerns about the UK continued. The stock was trading at 389p on Wednesday, a few points below the year-to-date high of 445p. In all, the shares have jumped by over 133% from the lowest level...
Bank of America fined for deceptive practices
July 12, 2023 05:50 AM AEST| By InvezzShares of Bank of America Corp (NYSE: BAC) are trending up even though it received a penalty from the Consumer Financial Protection Bureau on Tuesday. Bank of America to pay $150 million in fines CFPB accused the financial services behemoth today of...
Jefferies recommends buying JPMorgan stock ahead of earnings
July 12, 2023 03:03 AM AEST| By InvezzShares of JPMorgan Chase & Co (NYSE: JPM) are worth buying ahead of the bank’s second-quarter financial results on July 14th, says Ken Usdin – a Jefferies analyst. JPMorgan stock has further upside to $165 Usdin raised his rating on t...
HSBC share price loses momentum ahead of bank earnings
July 11, 2023 11:55 PM AEST| By InvezzThe HSBC (LON: HSBA) share price has outperformed other British banks like Lloyds, Barclays, and Virgin Money. It has soared by more than 20% this year while the other UK bank stocks have been in the red this year. The shares have also underperformed...
Barclays share price waits for US bank earnings season: is it a buy?
July 10, 2023 11:02 PM AEST| By InvezzBarclays (LON: BARC) share price will be in the spotlight this week as its American counterparts publish their quarterly results. The stock has gone nowhere in the past few months and is trading at 147.68p, a few points below June’s high of 163...
China slaps Ant Group with a near $1.0 billion fine
July 08, 2023 02:22 AM AEST| By InvezzPeople’s Bank of China announced one of the biggest fines on record against Ant Group on Friday. Why did the PBOC hit Ant with a fine? The Alibaba affiliate has been slapped with a ¥7.12 billion fine ($985 million) after the central bank f...
Prestige Wealth stock: Learn from TOP, AMTD and avoid PWM
July 07, 2023 09:04 PM AEST| By InvezzPrestige Wealth Inc (NASDAQ: PWM) stock price made headlines on Thursday when it almost doubled on its first trading day. The shares jumped to $5.40 on Thursday, giving it a market cap of over $48 million. It then doubled in the pre-market session wh...
Bank of America raises quarterly dividend: ‘it’s not a problem child’
July 07, 2023 02:07 AM AEST| By InvezzBank of America Corp (NYSE: BAC) raised its quarterly dividend by about 9.0% on Thursday. Its shares are still trending down at writing. Bank of America is in talks with the Fed The financial services behemoth increased its third-quarter divid...
Lloyds share price languishes as focus shifts to July 26th
July 05, 2023 01:43 AM AEST| By InvezzUK bank stocks have underperformed the broader market this year. Lloyds (LON: LLOY) share price has dropped by ~4% this year while the FTSE 100 index has retreated by ~0.63%. This trend is in sync with other leading British banks like Natwest (NWG) a...
Barclays wants to cut ties with Odey Asset Management: here’s why
July 04, 2023 12:00 AM AEST| By InvezzBarclays PLC (LON: BARC) wants to quit as the corporate bank for Odey Asset Management, the Financial Times reported on Monday. Why is Barclays cutting ties with OAM? The universal bank is terminating its relationship with the hedge fund primarily du...
Fed annual stress test result: ‘you’re safer in largest global banks’
June 30, 2023 12:43 AM AEST| By InvezzBanks stocks are in focus this morning after the Federal Reserve confirmed that they are well-positioned to weather a severe recession. Pro reacts to Fed’s annual stress test results Its annual stress test evaluated 23 of the U.S. banks for a h...
