Banking on Banks: Five hot bank stocks based on earnings to explore

• July 14, 2021 12:25 PM PDT
• Sanjeeb Baruah

Summary Prospect Capital (NASDAQ: PSEC) has a dividend yield of 8.58% First Horizon’s (NYSE: FHN) current dividend yield is 3.55%, an increase of about 89% in one year. Valley Bancorp’s (NASDAQ: VLY) dividend yield is 3.3%, consoli...

• July 14, 2021 08:08 AM PDT
• Kiran Murali

Citigroup Inc. (NYSE: C) and Bank of America (NYSE: BAC) posted significant growth in their second-quarter profit on July 14. The American banks saw their earnings multiply despite the decline in revenue. Following the improving economic outlook, ...

• July 13, 2021 05:19 PM PDT
• Sanjeeb Baruah

Summary Mastercard stock (NYSE: MA) was up 2.17% on Tuesday after Verizon pact. Mastercard and Verizon to provide “transformative” solutions in payment processing. In Q1 of 2021, its revenue was up 3.6% YoY to US$4.16 billion. Its ...

• July 13, 2021 07:09 AM PDT
• Kiran Murali

Summary JP Morgan attributed the net income growth to credit reserve releases of US$3 billion. Goldman Sachs’ investment bankers generated second-highest quarterly revenues of US$3.61 billion. JP Morgan stock returned around 25 percent y...

• July 09, 2021 02:27 PM PDT
• Kiran Murali

Summary The financial service provider’s stock jumped 597 percent on its NASDAQ debut. Sentage priced its initial public offering at US$5 and raised US$20 million. The Chinese company’s ordinary shares traded as high as US$52 on Fr...

• June 24, 2021 03:55 PM PDT
• Kiran Murali

The financial sector comprises a wide variety of companies, including those involved in banking, asset management, insurance, and other financial services. This sector represents 8.73 percent of the S&P 500 Index’s total market capitalizati...

• June 08, 2021 03:00 PM PDT
• Kiran Murali

Marqeta, Inc. is expected to debut on Nasdaq Global Select Market on June 9, Wednesday, through an initial public offering. The startup will trade under the ticker MQ. The San Francisco-based company offers a card issuing platform. Marqeta’s...

• May 24, 2021 10:19 AM PDT
• Team Kalkine Media

Summary The bank believes that digital coins have gained stability as an asset and they could be a viable alternative for investment. According to the bank, there are currently more than 9,000 cryptocurrencies, with a market cap of US$2.4 trill...

• April 29, 2021 11:54 AM PDT
• Team Kalkine Media

Summary Mastercard’s net income rose 8% to US$1.8 billion (GAAP), compared to US$1.7 billion in the same period of 2020. Mastercard CEO Michael Miebach attributed this growth to increased domestic spending, smart deals, and close collabor...

• April 22, 2021 06:04 PM PDT
• Team Kalkine Media

Summary The investment company posted a profit of US$1.75 billion against a loss of US$1.07 billion in the year-ago period. Total revenue during the quarter came in at US$5.30 billion, compared to the negative US$3.08 billion in the first quart...