Financial

SoFi Technologies (SOFI) gets nod to run as holding firm, stock rall...

January 20, 2022 03:27 AM AEDT | By Rupam Roy

Highlights SoFi Technologies (SOFI) received regulatory approval to operate as a bank holding company. The Office of the Comptroller of the Curren...

Top 2 US financial stocks set to report their earnings this week

January 17, 2022 07:50 PM AEDT | By Rupam Roy

Highlights Goldman Sachs Group, Inc. (NYSE: GS) is expected to report its Q4, FY21 earnings on Tuesday, January 18 Morgan Stanley (NYSE: MS) is ex...

Why is JP Morgan Chase’s stock sinking? JPM shares fall 4%

January 15, 2022 04:04 AM AEDT | By Versha Jain

Highlights JP Morgan Chase & Co. (NYSE: JPM) announced its fourth quarter and full-year 2021 results Friday. Average loans increased by 6%, an...

5 best US fintech stocks to consider in 2022

January 14, 2022 05:52 AM AEDT | By Rupam Roy

Highlights PayPal Holdings, Inc. (NASDAQ: PYPL) expects its Q4, FY21, revenue to be between US$6.85 billion and US$6.95 billion Affirm Holdings, I...

Five bank stocks to explore as rate hike prospects grow

January 07, 2022 05:49 AM AEDT | By Versha Jain

Highlights Bank of America Corporation (NYSE: BAC) stock grew over 49% in one year. Its P/E ratio is 14.17. Wells Fargo & Company’s...

Top 5 US bank stocks to watch amid Fed’s tapering of asset purchases

December 16, 2021 12:44 AM AEDT | By Rupam Roy

Highlights  Bank of America Corporation (NYSE: BAC) will report its Q4, FY21 results on January 19, 2022. The stock value of U.S. Bancorp (NY...

Why is Truist Financial Corporation’s (NYSE:TFC) stock falling?

December 15, 2021 01:57 AM AEDT | By Versha Jain

Highlights 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%....

Top rising fintech stocks to explore

November 21, 2021 08:02 AM AEDT | By Rupam Roy

Highlights Paypal Holdings, Inc. (NASDAQ: PYPL) revenue surged 13% YoY in Q3, FY21. Visa Inc. (V) revenue rose 29% YoY in Q4, FY21. Sea Limited (...

FinWise Bancorp IPO: How to buy the stock?

November 20, 2021 02:40 AM AEDT | By Rupam Roy

Highlights FinWise Bancorp has announced its initial public offering price of US$10.50 per share. The company is offering 3,500,000 shares to inve...

Is Affirm (AFRM) stock worth exploring after its stellar Q1 show?

November 11, 2021 12:07 PM AEDT | By Team Kalkine Media

Highlights Affirm Holdings, Inc’s (NASDAQ: AFRM) total revenue increased by 55% year-over-year to US$269.4 million in the first quarter of 20...

Robinhood (HOOD) stock dips after hacking attack exposes customer da...

November 10, 2021 06:20 AM AEDT | By Ipsita Sarkar

Robinhood Markets, Inc. (NASDAQ: HOOD) stock fell more than 3% in premarket trading on Tuesday after reporting a cyberattack on its systems last week....

PayPal (PYPL) revises guidance after Q3 revenue soars

November 09, 2021 11:38 AM AEDT | By Team Kalkine Media

Highlights PayPal added 13.3 million net new active accounts, taking the total to 416 million active accounts in the quarter. Its total payment vol...

Loews Corp (L), Franklin’s (BEN) quarterly profits surge

November 02, 2021 03:45 AM AEDT | By Ipsita Sarkar

Highlights Loews Corporation (NYSE: L) reported a net income of US$220 million in Q3, FY21. Franklin Resources, Inc’s (NYSE: BEN) operating...

Are these 7 digital payment stocks primed for online shopping boom?

October 29, 2021 11:41 AM AEDT | By Sanjeeb Baruah

Fintech companies offer products and services like digital payment processing, digital banking, financial software, and customer questions. The s...

Charles Schwab (SCHW), Goldman Sachs (GS) profits soar in Q3

October 16, 2021 05:23 AM AEDT | By Ipsita Sarkar

Highlights The Dow Jones US Banks Index (DJUSBK) generated a 38.11 return YTD.  Charles Schwab Corporation (NYSE: SCHW) posted revenue of US$...

Citigroup net income jumps 48%, revenue declines 1%

October 15, 2021 06:15 AM AEDT | By Ipsita Sarkar

Highlights 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...

Wells Fargo (WFC), Morgan Stanley (MS) Q3 profits beat estimates

October 15, 2021 04:27 AM AEDT | By Ipsita Sarkar

Highlights Wells Fargo Company (NYSE: WFC) revenue declined 2% YoY to US$18.83 billion in Q3. Morgan Stanley’s (NYSE: MS) revenue rose 26% Y...

Bank of America’s (BAC) Q3 profits beat forecast, deposits up 15%

October 15, 2021 03:24 AM AEDT | By Sanjeeb Baruah

Bank of America Corporation (NYSE: BAC) on Thursday reported strong third-quarter performance, boosted by robust merger and acquisition activities and...