-
Fintech Focus Roundup For August 1, 2020
Saturday, August 1, 2020 - 11:39am | 1322Read More...It's A Great Time To Be A Bitcoin Banker What Is Happening? The crypto banking scene has revved up considerably in the span of a few months, with major acquisitions and raises tied to the race to build out crypto's first full prime broker. What Does It Mean? Prime brokerage has become an...
-
Banks, Airlines, Apple Among Stocks Being Hit Hard Despite Fed Cutting Rates To Zero
Monday, March 16, 2020 - 10:01am | 2618Read More...After last week’s wild ride, the question was what would the market do for an encore. The answer came Sunday afternoon in the form of a surprise rate cut by the Fed—the second one in two weeks—that took the Fed funds rate target back down to 0-0.25%, where it sat for seven years...
-
Apple Gets Upgrade, Futures Reverse Downward Course As Washington Stimulus Awaited
Friday, March 13, 2020 - 9:57am | 2224Read More...Now that we’re in a bear market, people seem to feel a little more bullish this morning. Futures turned around sharply overnight and went “limit-up” as it looks like bargain hunters might finally be emerging. That doesn’t mean the market can’t go back down, but an...
-
Wednesday's Market Minute: Stocks Aren't The Problem
Wednesday, January 22, 2020 - 10:45am | 407Read More...Geopolitical uncertainty is fading, domestic political shock appears unlikely, and global economic data is stabilizing. American jobs are the most secure they've been in a generation and it shows – mom and pop traders are dabbling in stocks again for the first time in two years. Add this...
-
Triumph Beats Earnings Estimates, Quintuples Carrier Payments Business
Wednesday, January 22, 2020 - 9:45am | 361Read More...Triumph Bancorp (NASDAQ: TBK) reported earnings for the fourth quarter of 2019 on Tuesday after markets closed. Triumph reported net income available to shareholders of $16.7 million or earnings per share of $0.66, beating the Street's expectations of $0.63 but down 7.7% year-over-year. In the...
-
Tuesday's Market Minute: Earnings, Ecodata & Central Bank Policies
Tuesday, January 21, 2020 - 10:33am | 405Read More...Looks like we could be in for a busy week ahead! With a light schedule in terms of economic data, focus primarily will be on companies set to report quarterly results as well as central bank policy decisions. The Bank of Japan has already set the stage overnight, announcing its decision to leave...
-
Another Bank Beats: Morgan Stanley Latest To Exceed Expectations On Strong Trading
Thursday, January 16, 2020 - 11:02am | 2210Read More...The earnings parade has started on a positive note and that could be providing momentum early Thursday as markets appear set to re-test record highs. Morgan Stanley (NYSE: MS) became the latest big bank to open its books Thursday morning as the company easily beat analysts’ estimates on...
-
Tough Comparisons: Banks Eyeing Decent Earnings, But Lagging 2018 Results
Tuesday, January 14, 2020 - 1:43pm | 1993Read More...Despite tailwinds from the economy and the Fed, two of the three big banks scheduled to report Q4 earnings tomorrow and Thursday could see profit declines from a year ago, according to analyst estimates. Earnings from Bank of America Corp (NYSE: BAC), Goldman Sachs Group Inc (...
-
Big Bank Earnings Mixed So Far As Earning Season Ramps Up Amid Low Expectations
Tuesday, January 14, 2020 - 11:57am | 1540Read More...The market seems to be tiptoeing into earnings season with a bit of caution. That’s understandable given the predictions for an overall decline in earnings growth. Heading into this earnings season—which investors are likely to watch closely because corporate profits drive the market...
-
Tuesday's Market Minute: Earnings Season 2020
Tuesday, January 14, 2020 - 10:24am | 350Read More...Earnings season begins this morning as the big banks release quarterly statements. Although this is the first earnings release of 2020, the financial performances are actually from the last quarter of 2019. Still, this can give traders a closer look at how the holiday season went, particularly for...
-
Here Come The Banks: Strong Q4 Profit Growth Forecast For JP Morgan, Citigroup
Monday, January 13, 2020 - 11:46am | 1686Read More...Sometimes it’s not so much the money you bring in as the money you keep. That definitely seems like the case going into earnings season this week for some of the biggest U.S. banks. Though revenue for the Financial sector is expected to rise just 1% in Q4, according to FactSet, earnings are...
-
Earnings Time: Excitement Builds Ahead Of Big Bank Reporting Season Getting Underway
Monday, January 13, 2020 - 10:49am | 1911Read More...It’s earnings time, and that means investors have something fundamental to get excited about. That’s in contrast to the last couple of weeks, when geopolitical drama dominated. The S&P 500 Index (SPX) hasn’t fallen on consecutive days in more than a month. With major indices...
-
Monday's Market Minute: This Week's Earnings And Geopolitics Factors
Monday, January 13, 2020 - 10:37am | 385Read More...Looks like another big week ahead for investors and traders alike with banks starting off earnings season: Wells Fargo & Co (NYSE: WFC), Citigroup Inc (NYSE: C), Bank of America Corp (NYSE: BAC), and Goldman Sachs Group Inc (NYSE: GS) all are set to report this week. In...
-
Xerox Continues Pursuit Of HP By Showing The Money, $24 Billion That Is
Wednesday, January 8, 2020 - 11:03am | 797Read More...On Monday, Xerox Holdings Corp (NYSE: XRX) revealed a financing commitment with the aim to ease concerns that it is unable to fund its HP Inc (NYSE: HPQ) buyout proposal. In order to remove any doubt and prove it is capable to take over its much larger rival, Xerox secured binding financing...
-
Alibaba's Ant Financial, Gaming Company Razer Apply For Singapore Digital Banking License
Thursday, January 2, 2020 - 7:12am | 408Read More...Alibaba Group Holding Ltd (NYSE: BABA) fintech subsidiary Ant Financial and gaming company Razer Inc (OTC: RAZFF) have joined the race to get Singapore's digital banking license. Ant Financial Seeks Wholesale License Ant Financial has applied for a wholesale bank license with the...
