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Financial
Kalkine Media explores top mortgage stocks to explore amid rising rates
September 12, 2022 05:18 AM PDT| By Mridul GogoiExploring five mortgage stocks-IVR, TREE, DFS, RKT,C
Top financial stocks to explore in September amid rate hike fears
September 03, 2022 04:00 AM PDT| By Mridul GogoiSome analysts believe that stocks of banks, insurance companies, money managers, and brokers usually benefit from a rate hike.
Top US stocks to explore ahead of Joe Biden's decision on student loans
August 22, 2022 05:25 AM PDT| By Mridul GogoiExploring five student loan stocks-GSBC, CMA, UBSI, EBC, NNI,
Nasdaq (NDAQ) Q2 profit plunges 10%, but revenue jumps 6%
July 20, 2022 10:07 AM PDT| By Mridul GogoiNasdaq posted a 10% drop in its Q2 profit, but revenue jumped 6%.
Bank of America (BAC) posts US$6.2 bn net income for Q2 FY-22
July 18, 2022 08:19 AM PDT| By Mridul GogoiBAC reports second-quarter earnings of current fiscal 2022
Wells Fargo (WFC) posts US$3.1-bn second-quarter net income
July 15, 2022 10:47 AM PDT| 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 14, 2022 12:34 PM PDT| 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 14, 2022 09:04 AM PDT| 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 11, 2022 08:03 AM PDT| 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 01, 2022 10:59 PM PDT| 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 15, 2022 05:53 PM PDT| 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 28, 2022 11:09 AM PDT| 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 04, 2022 01:38 PM PDT| 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 28, 2022 10:07 AM PDT| 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 22, 2022 12:07 PM PDT| 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 07, 2022 02:43 PM PDT| 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 01, 2022 10:29 AM PST| 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 24, 2022 06:03 AM PST| 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 15, 2022 09:41 AM PST| 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.....
On 20th anniversary, PayPal (PYPL) caps era of growth, sets new goals
February 14, 2022 04:38 PM PST| By Rupam RoyPayPal Holdings, Inc. (NASDAQ: PYPL), which marks its 20th anniversary on Tuesday, has benefited from the increased digitalization. The demand for digital payment services, accelerated by the rapid growth of eCommerce, helped the company expand its.....
