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Oracle Beats Wall Street Consensus But Stock Stumbles As Adobe Earnings Awaited
Wednesday, June 16, 2021 - 10:08am | 2259Read More...If you expect Fed Chairman Jerome Powell and company to deliver anything explosive after today’s meeting ends at 2 p.m. ET, you probably haven’t been paying much attention. Based on recent data, it feels likely we’ll hear “more of the same” this afternoon. Anyone...
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Israel's Bank Leumi Considering Sale Of US Unit: Report
Wednesday, May 5, 2021 - 10:40am | 394Read More...Bank Leumi Le-Israel BM (OTC: BLMIF) is reportedly in discussion on the potential sale of its U.S. banking division. What Happened: According to a Bloomberg report citing unnamed “people familiar with the matter,” the Israeli bank is working with a financial advisor to coordinate...
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Is Now The Time To Buy These 4 Under-The-Radar Bank Stocks?
Thursday, April 15, 2021 - 5:01pm | 1579Read More...Bank stocks, admittedly, are not the sexiest investment vehicle. After all, with Coinbase Global Inc (NASDAQ: COIN) and Dogecoin (CRYPTO: DOGE) monopolizing investor chatter, bank stocks seem so very yesteryear. And even among those who put their faith and funds into bank stocks, it often seems...
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What Are The Tailwinds For BofA's US Bancorp Upgrade?
Monday, April 12, 2021 - 11:49am | 227Read More...U.S. Bancorp (NYSE: USB) faces the strong potential for upward revisions to 2021 earnings, driven by PPNR (pre-provision net revenue), apart from solid credit leverage, according to BofA Securities. The U.S. Bancorp Analyst: Erika Najarian upgraded the rating for U.S. Bancorp from Underperform to...
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JPMorgan Upgrades U.S. Bancorp, Raises Big Bank Price Targets Ahead Of Q1 Earnings
Thursday, April 8, 2021 - 3:42pm | 573Read More...Big bank earnings season is just around the corner, and U.S. Bancorp (NYSE: USB) landed a big Wall Street upgrade on Thursday ahead of its upcoming report. The Analyst: J.P. Morgan analyst Vivek Juneja upgraded U.S. Bancorp from Neutral to Overweight and raised his price target from $53 to $60....
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Why The Cannabis Industry Needs Congress To Pass the SAFE Banking Act
Tuesday, April 6, 2021 - 10:26am | 931Read More...By Lauri Kibby Discrepancies between federal and state laws discourage banks from serving the highly profitable and legal cannabis industry. U.S. cannabis companies generated more than $17.5 billion of sales in 2020 alone. It will only continue to grow as more legal markets open....
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5 Israeli Stocks To Consider For Passover
Saturday, March 27, 2021 - 8:14am | 1501Read More...Back in the days of the Exodus, investment opportunities in the Holy Land were limited to a pair of options. One choice was framed by draconian terms of service that were literally chiseled in stone and regulated by an often-severe oversight authority, although the return on investment was...
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5 Irish Stocks To Buy For St. Patrick's Day
Wednesday, March 17, 2021 - 7:46am | 966Read More...For many people, St. Patrick’s Day means a corned beef and cabbage dinner, a pint of Guinness and watching “The Quiet Man” for the 100th time. For investors seeking to add a breath of fresh Eire in their portfolios might want to consider taking a second look at some major Irish...
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Why SoFi Acquiring A Bank Is Important For Investors
Tuesday, March 9, 2021 - 6:31pm | 369Read More...Fintech company SoFi announced an acquisition on Tuesday that could help its growth road map for the future. What Happened: SoFi, which is merging with Social Capital Hedosophia Holdings VCorp (NYSE: IPOE), announced Tuesday it is acquiring Golden Pacific Bancorp (OTC: GPBI). SoFi is...
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BofA Upgrades Bank of Montreal, Downgrades Royal Bank of Canada
Tuesday, March 2, 2021 - 1:13pm | 316Read More...Canadian banks reported upbeat earnings for their fiscal first quarter, while the stricter lockdowns in recent months did not alter their credit outlooks, according to BofA Securities. The Canadian Banks Analyst: Brandon Nispel upgraded the rating for Bank of Montreal (NYSE: BMO) from Neutral to...
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Jack Dorsey's Square Commences Operations As An Industrial Bank
Tuesday, March 2, 2021 - 4:04am | 406Read More...Fintech company Square Inc. (NYSE: SQ) has officially commenced banking operations, nearly a year after receiving conditional approval to operate a bank. What Happened: Square, historically known for its card reader and point-of-sale solutions, said Monday that its industrial bank has commenced...
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Walmart Hires 2 Goldman Sachs Bankers To Lead New Fintech Venture
Sunday, February 28, 2021 - 3:45pm | 348Read More...Walmart has lured two Goldman Sachs bankers to help run its new, as-of-yet-unnamed fintech venture. What Happened: Walmart Inc (NYSE: WMT) has hired Goldman Sachs Group Inc's (NYSE: GS) consumer banking chief Omer Ismail, along with David Stark, one of his top lieutenants at...
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IBM Acquires Fintech Startup Expertus To Strengthen Banking Solutions
Wednesday, December 16, 2020 - 2:57am | 333Read More...IBM Corporation (NYSE: IBM) on Tuesday announced it has acquired Expertus Technologies Inc, a Canadian fintech startup offering payments and cash management solutions. What Happened: The Canadian cloud-based banking solutions provider handles an average of $50 billion in daily transactions routed...
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Engaging Consumers On Financial Wellness With Artificial Intelligence
Wednesday, October 7, 2020 - 3:05pm | 66801Read More...Most people haven’t studied finance or taken a course in personal financial management. They may have a basic understanding of the financial products they need to conduct daily life and, possibly, to save for the future. But unless they’re wealthy, it’s likely they haven’t...
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Goldman To Buy GM Credit Card Business For $2.5B: WSJ
Thursday, October 1, 2020 - 9:45pm | 502Read More...Goldman Sachs Group (NYSE: GS) is acquiring the credit card business of General Motors Co (NYSE: GM) for $2.5 billion, the Wall Street Journal reported Thursday. What Happened: The banking giant will reportedly pay nearly $2.5 billion for the acquisition of the card business. Goldman ...
