The S&P500 (SP500) closed in the green on Friday, after investors digested quarterly results from big banks and data showing consumer prices cooling down in June, bolstering bets for a September rate cut. For the week, the Nasdaq (COMP:IND) lost 0.7%, while Dow (DJI) advanced 1%. Wall Street had aContinue Reading
primeimages This week’s biggest financial gainers were led by one bitcoin (BTC-USD) miner, two South Korean banks, one U.S. lender and one Japanese lender. On the other hand, two Argentine banks fell the most, followed by two reinsurers and one investment brokerage. Overall, financial stocks (with market cap over $2B)Continue Reading
Toronto-Dominion Bank’s (NYSE:TD) chief compliance officer Monica Kowal has departed the bank, Reuters reported Saturday, as the Canadian lender grapples with U.S. investigations into its anti-money-laundering controls. Kowal served at TD (TD) for nearly seven years and took up the role of chief compliance officer in late 2022. Kowal willContinue Reading
Jul. 05, 2024 3:00 PM ETSPDR® S&P 500® ETF Trust (SPY)WMT, AAPL, AMZN, SON, JPM, C, PEP, CRM, CONN, HELE, ALK, CPA, FSS, GBX, ACLS, WFC, TSN, CAG, HLIO, WBD, DAL, SMCI, CNK, MGRC, PSMT, BCPC, ROCK, SSNLF, UAL, FCCN, META, MANU, BLBD, SEDG, UBER, ABNB, CVNA, WSC, CHWY, KRUS,Continue Reading
bunhill Deutsche Bank analysts selected their top investment ideas to hold for the next 12 months for the third quarter, adding (BIRK), (ACGL), and (EW) among others. Since the third quarter of 20217, when it was created, the group of stocks has returned 170%, compared to 160% for the S&PContinue Reading
olddays UBS assigned buy ratings to Royal Bank of Canada (RY)(RY:CA) and National Bank of Canada (NA:CA)(OTCPK:NTIOF) as it initiated coverage of Canadian banks, saying it’s “cautiously optimistic” about the Big Six group of lenders in the country. Canada’s macro picture looks “challenging” with slow economic growth, rising unemployment andContinue Reading
Nikada This week’s financial gainers were led by major Japanese lenders as the yen continued to weaken (significantly) against the dollar. On the flip side, bitcoin (BTC-USD) miners fell the most with cryptocurrency prices pulling back. Overall, financial stocks (with market cap over $2B) finished the week ended June 28Continue Reading
RiverNorthPhotography/iStock Unreleased via Getty Images M&T Bank (NYSE:MTB) said Friday that the Company’s regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.3%, down from 8.5%. M&T expects the second quarter 2024 CET1 ratio to be over 11.35%. As a result of the Federal Reserve’s stress test, M&T’sContinue Reading
Roman Tiraspolsky/iStock Editorial via Getty Images Jefferies’ (NYSE:JEF) stronger-than-expected fiscal Q2 results indicate an improving outlook for investment banking among big lenders, Wells Fargo (WFC) analyst Mike Mayo wrote in a Friday note. Shares of New York-based Jefferies (JEF) extended gains from Thursday’s spike, advancing 3% in late morning trading,Continue Reading
