Five financial stocks to watch in Q3: FHN, Y, WRB, LPLA & PGR

Highlights: American Express card (NYSE: AXP) posts higher revenue in Q1. AXP reported a net income of US$2.1 billion in the quarter. American Express cardmember spending rose to record volumes during March. American Express Company (NYSE...

Highlights: Charles Schwab Corporation announced its first-quarter results on Monday. Schwab posted a net income of US$1.4 billion for the quarter. SCHW’s net revenue was US$4,672 million in the quarter. The Charles Schwab Corporati...

Highlights Bank of America Corporation (BAC) posted its first-quarter results on Monday. BAC’s net interest income increased by US$1.4 billion to US$11.6 billion. Its net income was US$7.1 billion or US$0.80 per diluted share. The B...

Highlights: Morgan Stanley (NYSE: MS) reported a net income of US$3.7 billion in Q1. The net revenue was US$14.8 billion in the quarter. Morgan Stanley CEO James P. Gorman said the bank demonstrated resilience during a period of market volatil...

Highlights Investment management company BlackRock, Inc. (BLK) reported its first-quarter results on Wednesday. BlackRock’s first quarter profits jumped 18% YoY. BlackRock saw investors put more money into its various funds in the quarte...

Highlights: JPMorgan Chase announces Q1 financial results. Q1 earnings report reveals a fall in revenue by 42%. JPMorgan had US$4.0 trillion in assets and US$285.9 billion in stockholders’ equity as of March 31, 2022. JPMorgan Chase...

Highlights  Discover Financial Services (DFS) launched a benefits-packed Cashback Debit account on April 6. Nelnet, Inc. (NNI) plans to launch a new private student loan product.  Citizens Holding Company (CIZN) has an annualize...

Highlights Bank of America Corporation (NYSE: BAC) revenue surged 10% YoY in Q4, FY21. Charles Schwab Corporation's (NYSE: SCHW) net revenue rose 13% YoY in Q4, FY21. Morgan Stanley's (NYSE: MS) revenue soared 23% YoY in fiscal 2021 The f...

Highlights: Lemonade's gross loss ratio was 96%, up from 73% in the year-ago quarter. Its revenue surged 100% YoY in Q4, FY21. The company's In Force Premium (IFP) rose 78% YoY in the final quarter of fiscal 2021. Lemonade, Inc. (LMND) st...

Highlights Madison Dearborn Partners, LLC (MDP) to acquire MoneyGram International Inc. (MGI) for US$1.8 billion in an all-cash deal. The transaction will likely close in the fourth quarter of 2022. After completing the transaction, Mo...