Financial Stocks

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

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

Highlights: First Horizon Corporation (NYSE: FHN) stock has a dividend yield of 2.71%. Alleghany (NYSE: Y) shareholders approved its purchase by Berkshire Hathaway Inc. W.R. Berkley Corp (NYSE: WRB) pays an annualized dividend of US$0.347. ...

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American Express’ (AXP) Q1 revenue rises, driven by card spending

American Express’ (AXP) Q1 revenue rises, driven by card spending

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...

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Charles Schwab Corp (SCHW) stock drops 8% after weak Q1 results

Charles Schwab Corp (SCHW) stock drops 8% after weak Q1 results

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...

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Bank of America (BAC) sees strong growth after Q1 earnings surge

Bank of America (BAC) sees strong growth after Q1 earnings surge

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...

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Morgan Stanley (MS) CEO Gorman confident of growth after Q1 profits fall

Morgan Stanley (MS) CEO Gorman confident of growth after Q1 profits fall

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...

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BlackRock Inc (BLK) profits soar in Q1 as schemes attract more funds

BlackRock Inc (BLK) profits soar in Q1 as schemes attract more funds

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...

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JPMorgan Chase (JMP) revenue falls 42% in Q1 as dealmaking slumps

JPMorgan Chase (JMP) revenue falls 42% in Q1 as dealmaking slumps

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...

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Five student loan stocks to watch in April: DFS to SLM

Five student loan stocks to watch in April: DFS to SLM

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...

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BAC, BX, MS among top financial stocks to explore in March

BAC, BX, MS among top financial stocks to explore in March

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...

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Lemonade touches a 52-week low, what's next for LMND stock?

Lemonade touches a 52-week low, what's next for LMND stock?

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...

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Moneygram (MGI) stock soars on US$1.8 bn purchase offer by Madison

Moneygram (MGI) stock soars on US$1.8 bn purchase offer by Madison

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...

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