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Financial
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.....
Five bank stocks to explore as rate hike prospects grow
January 07, 2022 05:49 AM AEDT| By Versha JainHighlights Bank of America Corporation (NYSE: BAC) stock grew over 49% in one year. Its P/E ratio is 14.17. Wells Fargo & Company’s (NYSE: WFC) dividend yield is 1.52%. Its net interest margin was 2.03% in the first nine months o.....
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Top 5 US bank stocks to watch amid Fed’s tapering of asset purchases
December 16, 2021 12:44 AM AEDT| By Rupam RoyHighlights Bank of America Corporation (NYSE: BAC) will report its Q4, FY21 results on January 19, 2022. The stock value of U.S. Bancorp (NYSE: USB) surged over 24% year-to-date. Comerica Incorporated (NYSE: CMA) will report its Q4, FY21.....
Why is Truist Financial Corporation’s (NYSE:TFC) stock falling?
December 15, 2021 01:57 AM AEDT| By Versha JainHighlights Truist Financial Corporation’s (NYSE:TFC) stock was down 2.34%. The stock has a P/E ratio of 13.68 and a dividend yield of 3.23%. TFC stock grew 22.93% YTD. The Truist Financial Corporation (NYSE: TFC) stock is.....
Top rising fintech stocks to explore
November 21, 2021 08:02 AM AEDT| By Rupam RoyHighlights Paypal Holdings, Inc. (NASDAQ: PYPL) revenue surged 13% YoY in Q3, FY21. Visa Inc. (V) revenue rose 29% YoY in Q4, FY21. Sea Limited (NYSE: SE) expects its GAAP revenue to be between US$5 billion and US$5.2 billion for full fiscal 2.....
FinWise Bancorp IPO: How to buy the stock?
November 20, 2021 02:40 AM AEDT| By Rupam RoyHighlights FinWise Bancorp has announced its initial public offering price of US$10.50 per share. The company is offering 3,500,000 shares to investors. For the nine months ended on Sep 30, 2021, it had total assets of US$338.31 million. .....
Is Affirm (AFRM) stock worth exploring after its stellar Q1 show?
November 11, 2021 12:07 PM AEDT| By Team Kalkine MediaHighlights Affirm Holdings, Inc’s (NASDAQ: AFRM) total revenue increased by 55% year-over-year to US$269.4 million in the first quarter of 2022. CEO Max Levchin said the results reflect the company’s superior technology and growth i.....
Robinhood (HOOD) stock dips after hacking attack exposes customer data
November 10, 2021 06:20 AM AEDT| By Ipsita SarkarRobinhood Markets, Inc. (NASDAQ: HOOD) stock fell more than 3% in premarket trading on Tuesday after reporting a cyberattack on its systems last week. The HOOD stock was down 3.11% to US$36.80 at 8:43 am ET on Nov 9. On Monday, Robinhood said hac.....
PayPal (PYPL) revises guidance after Q3 revenue soars
November 09, 2021 11:38 AM AEDT| By Team Kalkine MediaHighlights PayPal added 13.3 million net new active accounts, taking the total to 416 million active accounts in the quarter. Its total payment volume was US$310 billion, up 26% YoY. The company expects its net revenue to increase between US$6......
Loews Corp (L), Franklin’s (BEN) quarterly profits surge
November 02, 2021 03:45 AM AEDT| By Ipsita SarkarHighlights Loews Corporation (NYSE: L) reported a net income of US$220 million in Q3, FY21. Franklin Resources, Inc’s (NYSE: BEN) operating revenue rose 28% YoY in Q4, FY21. For full fiscal 2021, Franklin’s operating revenue rose b.....
Are these 7 digital payment stocks primed for online shopping boom?
October 29, 2021 11:41 AM AEDT| By Sanjeeb BaruahFintech companies offer products and services like digital payment processing, digital banking, financial software, and customer questions. The sector saw robust growth during the pandemic as these companies eliminated the need for physically .....
Charles Schwab (SCHW), Goldman Sachs (GS) profits soar in Q3
October 16, 2021 05:23 AM AEDT| By Ipsita SarkarHighlights The Dow Jones US Banks Index (DJUSBK) generated a 38.11 return YTD. Charles Schwab Corporation (NYSE: SCHW) posted revenue of US$4.57 billion, up 87% YoY. Its net income grew 119% YoY. Goldman Sachs Group, Inc. (NYSE: GS) reve.....
Citigroup net income jumps 48%, revenue declines 1%
October 15, 2021 06:15 AM AEDT| By Ipsita SarkarHighlights Citigroup, Inc. (NYSE: C) revenue declined 1% YoY to US$17.2 billion in the third quarter. The net income surged 48% increase YoY to US$4.6 billion in the quarter. Citigroup (C) stock gave around 17% return YTD. Glob.....
Wells Fargo (WFC), Morgan Stanley (MS) Q3 profits beat estimates
October 15, 2021 04:27 AM AEDT| By Ipsita SarkarHighlights Wells Fargo Company (NYSE: WFC) revenue declined 2% YoY to US$18.83 billion in Q3. Morgan Stanley’s (NYSE: MS) revenue rose 26% YoY to US$14.8 billion in Q3. WFC stock gained 55%, while the MS stock jumped 44% YTD. Stocks.....
