Drew Angerer/Getty Images News Capital One Financial (NYSE:COF) was added to Wells Fargo’s Q3 2024 Tactical Ideas List on Monday. The analysts said COF shares have upside due to reasons such as, odds of the DFS merger increasing towards the election, low-end consumer concerns fading and edging closer to reserveContinue Reading
Financial Select Sector SPDR Fund ETF (NYSEARCA:XLF), which tracks S&P 500 financials sector, has seen a slower second quarter and has fallen 1.9% since the start of April. The financials sector’s gain lagged behind the S&P 500’s rise of 4.1%. The sector, which showed consistent gains in the first threeContinue 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
yongyuan/iStock via Getty Images Citizens Financial Group (NYSE:CFG) is set to effect a $1.25B share repurchase program after the bank reported a capital buffer exceeding the regulatory minimum. The new stock buybacks program represents an increase of $656M to the February 2023 authorization. The regional bank’s preliminary stress capital bufferContinue Reading
J. Michael Jones/iStock Editorial via Getty Images Truist Financial’s (NYSE:TFC) board gave the green light for a $5B share buyback program through 2026 starting in Q3 2024, it said on Friday. The company, meantime, plans to maintain its current quarterly dividend of $0.52 per share. After passing the Federal Reserve’sContinue Reading
hapabapa Morgan Stanley (NYSE:MS) Wealth Management will advance artificial intelligence adoption with Debrief — an OpenAI-powered tool for the bank’s financial advisors to save hours of labor. Speaking of Debrief, “After the meeting, it summarizes key points, creates an email for an advisor to edit and send at their discretion,Continue Reading
Andres Victorero iA Financial (TSX:IAG:CA) (OTCPK:IAFNF) said on Tuesday that the Canadian insurance and wealth management services provider has closed the $350M 6.921% Limited Recourse Capital Notes Series 2024-1 offering. The offering of the notes, due September 30, 2084, was previously announced on June 18. Source: Press Release More onContinue Reading
Many companies across all industries still rely on laborious, error-prone, manual procedures to handle documents, especially those that are sent to them by email. Despite the availability of technology that can digitize and automate document workflows through intelligent automation, businesses still mostly rely on labor-intensive manual document processing. This representsContinue Reading
