Financial

JP Morgan, Goldman Sachs start earnings season with strong Q2 results

July 14, 2021 12:09 AM AEST| By 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.....

Which are the major financial stocks in the US?

June 25, 2021 08:55 AM AEST| By 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...

Fintech Company Marqeta To Debut on NASDAQ

June 09, 2021 08:00 AM AEST| By 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.....

Wells Fargo Set To Launch Crypto Services For Wealthy Clients

May 25, 2021 03:19 AM AEST| By 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.....

Blackstone Swings to Record Profit in Q1’21

April 23, 2021 11:04 AM AEST| By 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.....

Banking Outage Hits Wells Fargo Customers Amid Stimulus Payment

March 20, 2021 01:27 PM AEDT| By Team Kalkine Media

Source:GH Studio, Shutterstock Summary Some 150,000 checks, worth about US$442 million, were disbursed in the latest round. Banks to make 90 million payments in parcels as part of the third round of covid aid. Wells Fargo stocks (NYSE:WFC) we...

SoftBank Net Profit Swells to USD11 Billion as Vision Fund Rallies

February 10, 2021 06:24 AM AEDT| By Team Kalkine Media

Source:13_Phunkod, Shutterstock Summary SoftBank’s Vision Fund has invested in more than 160 companies across different geographies. The expectation of a positive Q3 earnings report pushed SoftBank’s stock (SFTBF: OTCPK) price up b...

A sneak peek at mega cap US banks

January 30, 2021 04:29 AM AEDT| By Team Kalkine Media

d continue provided that the US economy improve over the near term. The US mega cap banks have closed the 2020 books with elan, having largely performed beyond expectations in 4Q. It was a rocky road for financials last year owing to the pandemi...