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Financial
What is a cryptocurrency consultant?
August 21, 2021 11:51 PM AEST| By Team Kalkine MediaHighlights Cryptocurrency consultant is not an accredited designation. The cryptocurrency market is all digital and susceptible to hacking. Investors are required to do their research before investing. A consultant is someone who provides.....
Coinbase looks to beef up crypto investment, enter Japanese market
August 21, 2021 03:11 AM AEST| By Sanjeeb BaruahCryptocurrency exchange Coinbase Global, Inc. (NASDAQ: COIN) plans to earmark 10% of its quarterly net income into crypto assets as it forays into the Japanese digital currency market in partnership with the Mitsubishi UFJ Financial Group (MUFG).&n.....
Will these five financial value stocks beat the economic blues?
August 17, 2021 03:59 AM AEST| By Team Kalkine MediaWhen we hear the words "financial sector," the first thing that comes to our mind is banks. Although banks form a significant part of the sector, non-traditional banking firms, like payment apps or fintech companies, also offer a range of similar s.....
Five digital payment stocks to explore amid e-commerce boom
August 14, 2021 10:58 AM AEST| By Team Kalkine MediaDigital payment companies enable users to make payments easily from anywhere and at any time. Consumers make digital payments while purchasing goods or services through various electronic devices. Let’s look at five digital payments stocks d.....
In the Spotlight: Three financial stocks to consider in August
August 10, 2021 01:53 AM AEST| By Team Kalkine MediaSummary SVB Financial Group (Nasdaq: SVB) reported total revenue of US$751 million in Q2 this year. Principal Financial Group Inc (Nasdaq: PFG) reported a net income of US$361.8 million in Q2 this year. Fifth Third Bancorp’s (Nasdaq: FIT.....
Where to park money? Three high-yield savings accounts worth exploring
August 03, 2021 09:49 AM AEST| By Team Kalkine MediaAll savings accounts pay an interest rate for the money kept in the account. The more is the interest rate, the higher is the growth of your savings. Many online banks offer higher rates than the brick-and-mortar banks like Wells Fargo, JP Morgan C.....
All eyes on Square Inc, Afterplay Ltd after US$29 billion deal
August 03, 2021 02:55 AM AEST| By Team Kalkine MediaThe Square, Inc. (NYSE: SQ) stock was trending on Wall Street and Google and other sites on Monday, a day after it revealed plans to acquire the Australian buy now pay later (BNPL) services company Afterpay Ltd. (ASX: APT) for US$29 billion. Squar.....
Banking on Banks: Five hot bank stocks based on earnings to explore
July 29, 2021 04:34 AM AEST| By Team Kalkine MediaSummary Goldman Sachs (NYSE: GS) net income applicable to common stockholders in Q2 was US$ 5.35 billion, a vast 2614% up YOY. Citigroup, Inc. (NYSE: C) net income increased nearly 487% YOY. The stock price surged 33% in one year. Wells Fargo .....
Square, Paypal stocks on investors’ radar ahead of Q2 earnings
July 27, 2021 04:44 AM AEST| By Team Kalkine MediaFintech stocks are companies that use technology to provide financial services. For example, they use software and digital algorithms to help customers manage their finances. Fintech firms have created consumer-oriented technologies for ease of tra.....
Blackstone (BX) stock rallies as Q2 profit doubles
July 23, 2021 07:43 AM AEST| By Kiran MuraliSummary The asset management company’s stock rose over 4 percent on Thursday. Blackstone’s second-quarter net income more than doubled to US$1.31 billion. Total assets under management rose 21 percent year over year to US$684.0 bil.....
Wells Fargo (WFC) stock gains, BlackRock (BLK) declines after Q2 earnings
July 15, 2021 07:40 AM AEST| By Kiran MuraliSummary Wells Fargo posted US$6 billion profit as it released US$1.6 billion credit reserves. BlackRock’s assets under management soared to a record US$9.456 trillion in the second quarter. Wells Fargo stock returned 51% year to date, Bl.....
Citigroup (C), Bank of America (BAC) post strong Q2 profit growth
July 15, 2021 01:08 AM AEST| By Kiran MuraliCitigroup 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, .....
Mastercard (NYSE: MA) rides high on Verizon partnership, stock up 2%
July 14, 2021 10:19 AM AEST| By Sanjeeb BaruahSummary 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 .....
JP Morgan, Goldman Sachs start earnings season with strong Q2 results
July 14, 2021 12:09 AM AEST| By Kiran MuraliSummary 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.....
Which are the major financial stocks in the US?
June 25, 2021 08:55 AM AEST| By Kiran MuraliThe 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...
Fintech Company Marqeta To Debut on NASDAQ
June 09, 2021 08:00 AM AEST| By Kiran MuraliMarqeta, 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.....
Wells Fargo Set To Launch Crypto Services For Wealthy Clients
May 25, 2021 03:19 AM AEST| By Team Kalkine MediaSummary 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.....
Blackstone Swings to Record Profit in Q1’21
April 23, 2021 11:04 AM AEST| By Team Kalkine MediaSummary 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.....
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Citigroup to Exit Consumer Business Franchises in 13 Asia, EMEA Markets
April 16, 2021 10:32 PM AEST| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary Citi CEO said the 13 markets have an excellent business but do not have the scale to compete. Citi will operate the consumer banking franchise in Asia and EMEA from Singapore, Hong Kong, UAE and London....
JP Morgan, Goldman Sachs, Wells Fargo Report Strong Q1’21 Earnings
April 16, 2021 12:00 AM AEST| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary JP Morgan posted 399 percent year over year growth in its first quarter net income Wells Fargo’s net income during the quarter jumped to US$4.74 billion. Goldman Sachs saw its net income soar 464 p...
