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Financial
Wells Fargo (WFC) posts US$3.1-bn second-quarter net income
July 16, 2022 03:47 AM AEST| By Mridul GogoiLeading financial services company, Wells Fargo & Company (NYSE: WFC) reported a net income of US$3.1 billion for the second quarter of FY-22 on Friday.
Payments company Stripe cuts internal shares valuation by 28%: Report
July 15, 2022 05:34 AM AEST| By Mridul GogoiPayments major Stripe cuts the internal value of its shares by 28%.
JPMorgan Chase & Co (JPM) posts net income of US$8.6 bn in Q2
July 15, 2022 02:04 AM AEST| By Mridul GogoiJPMorgan Chase & Co. (NYSE: JPM) reported a net income of US$8.6 billion in the 2nd quarter of FY-22.
Swedish fintech firm Klarna raises US$800 mn in funding round
July 12, 2022 01:03 AM AEST| By Versha JainKlarna raised US$800 mln in funding round from new and existing customers at a valuation of US$6.7 bln.
BANF to CVBF: 5 bank stocks with over 20% one-year return
July 02, 2022 03:59 PM AEST| By Versha JainRising interest rates make the economy volatile but banking stock may benefit from it.
Five financial stocks to watch in Q3: FHN, Y, WRB, LPLA & PGR
June 16, 2022 10:53 AM AEST| By Versha JainHighlights: 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. .....
MTB, AXP among top five S&P 500 financial stocks to explore
May 29, 2022 04:09 AM AEST| By Rupam RoyBanks are the largest segment of the financial sector, which also includes companies engaged exclusively in insurance and mortgage like REITs. Besides, there are also fintech companies. Here we discuss the top five S&P 500 financial stocks w.....
Why did Upstart (UPST) stock rise on Wednesday?
May 05, 2022 06:38 AM AEST| By Versha JainHighlights Upstart Holdings Inc. is an AI lending platform that provides credit services. On May 4, Upstart announced to offer Upstart AI Lending for Salesforce on Salesforce AppExchange. The integration of AI Lending with AppExc.....
Mastercard’s (MA) net income soars 43% in Q1 as travel picks up
April 29, 2022 03:07 AM AEST| By Team Kalkine MediaHighlights Mastercard Incorporated (NYSE: MA) posted net income of US$2.6 billion in Q1, 2022. The diluted earnings per share grew to US$2.68 from US$1.83 in the year-ago quarter. The credit card reported a gross dollar volume (GDV) increase o.....
American Express’ (AXP) Q1 revenue rises, driven by card spending
April 23, 2022 05:07 AM AEST| By Team Kalkine MediaHighlights: 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.....
Five student loan stocks to watch in April: DFS to SLM
April 08, 2022 07:43 AM AEST| By Versha JainThe US had suspended students’ loan repayments during the pandemic. Many borrowers had benefitted from the Covid-era government scheme. However, with the covid situation improving, the administration is expected to announce an update on loan .....
BAC, BX, MS among top financial stocks to explore in March
March 02, 2022 05:29 AM AEDT| By Rupam RoyHighlights 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.....
Lemonade touches a 52-week low, what's next for LMND stock?
February 25, 2022 01:03 AM AEDT| By Rupam RoyHighlights: 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.....
Moneygram (MGI) stock soars on US$1.8 bn purchase offer by Madison
February 16, 2022 04:41 AM AEDT| By Versha JainHighlights 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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Top communication stocks on S&P 500 to watch
February 07, 2022 07:55 AM AEDT| By Rupam RoyThe communication sector is one of the key economic segments in the US. The industry has been in focus lately as the quarterly earnings season is in high gear. Companies like Alphabet Inc, Meta Platforms Inc., T-Mobile US, Netflix, etc., have alrea.....
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Top 7 financial stocks on NYSE to explore
February 06, 2022 07:00 PM AEDT| By Versha JainHighlights The number loan disbursals dropped across segments in January, except commercial real estate and auto, according to the Federal Reserve’s weekly loan report. The demand for business loans has picked up in the US lately. .....
SoFi Technologies (SOFI) gets nod to run as holding firm, stock rallies
January 20, 2022 03:27 AM AEDT| By Rupam RoyHighlights SoFi Technologies (SOFI) received regulatory approval to operate as a bank holding company. The Office of the Comptroller of the Currency (OCC) and the Federal Reserve approved its application on Tuesday. SoFi revenue surged 35% YoY.....
Top 2 US financial stocks set to report their earnings this week
January 17, 2022 07:50 PM AEDT| By Rupam RoyHighlights Goldman Sachs Group, Inc. (NYSE: GS) is expected to report its Q4, FY21 earnings on Tuesday, January 18 Morgan Stanley (NYSE: MS) is expected to report its fourth-quarter earnings results on Wednesday, January 19 The MS stock grew m.....
Why is JP Morgan Chase’s stock sinking? JPM shares fall 4%
January 15, 2022 04:04 AM AEDT| By Versha JainHighlights JP Morgan Chase & Co. (NYSE: JPM) announced its fourth quarter and full-year 2021 results Friday. Average loans increased by 6%, and average deposits increased by 16% in Q4, 2021. The net income came in at US$10.4 billion in Q4,.....
5 best US fintech stocks to consider in 2022
January 14, 2022 05:52 AM AEDT| By Rupam RoyHighlights PayPal Holdings, Inc. (NASDAQ: PYPL) expects its Q4, FY21, revenue to be between US$6.85 billion and US$6.95 billion Affirm Holdings, Inc. (NASDAQ: AFRM) expects its revenue to be between US$320 million and US$330 million in Q2, FY22.....
