banking current events 2020
- Banking
Norfolk Southern Stock Shows Market Leadership With Jump In RS Rating
When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating.…
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Homebuilding Stocks Actionable Now: Two Leaders In Buy Zones, While This Housing-Related REIT Trades Above Buy Point
Widespread demand for housing as well as historically low mortgage rates have boosted homebuilding stocks. While much of the market…
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SentinelOne Stock Reports As Earnings Wind Down For Software Companies
When cybersecurity firm SentinelOne (S) reports third-quarter earnings late Tuesday it could face a tough audience amid a pullback in…
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Republic to buy Seedrs to create global private investment player – FinTech Futures
US-based private investment platform Republic is to acquire its UK counterpart Seedrs in a $100 million deal intended to create…
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Paycom Software Stock Gets Technical Rating Upgrade
Paycom Software (PAYC) saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 69 to 74.…
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Best Stock Funds Struggle Amid Inflation, Covid Woes; Bond Funds Gain
The stock market took a turn for the worse in the last days of November, suffering a sell-off after the…
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ClearBridge Fund Outperforms Without Any Megacap Tech Stars
The $197.4 million ClearBridge Mid Cap Growth Fund (LBGIX) is one of those thoroughbreds whose outperformance makes it one of…
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Gathering Strength In Apple Stock Helped Mask Index Weakness
When the Nasdaq composite and S&P 500 were at all-time highs on Nov. 22, it was surprising how much weakness…
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An Advisor’s Love Of Golf Leads To Fundraising For A Worthy Cause
Brian Eder and a few golf-loving friends found a creative way to take advantage of the longest day of the…
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210,000 Jobs Added in November, Unemployment Rate at 4.2% | ABA Banking Journal
Total nonfarm payroll employment rose by 210,000 in November, according to the Bureau of Labor Statistics. Total unemployed persons fell…
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Xenon Scores As Epilepsy Results Highlight ‘Competitive Profile’
Xenon Pharmaceuticals (XENE) highlighted new test results for its epilepsy treatment on Friday, leading XENE stock to surge. X The…
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Shinhan Bank readies stablecoin remittance PoC on Hedera network – FinTech Futures
South Korea’s Shinhan Bank is preparing to conduct a stablecoin international remittance proof of concept (PoC) on the Hedera network,…
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Wise to add 1,000 staff across the globe in 2022 – FinTech Futures
Wise (previously known as TransferWise) is planning an ambitious recruitment drive as it aims to hire 1,000 staff across the…
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Stocks To Watch With Earnings Due: Adobe
IBD 50 member Adobe (ADBE) is expected to report earnings on Dec. 16. Adobe now trading right around the 673.98…
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Dow Leads Rebound As Boeing Soars; Nasdaq Lags As Apple Falls
Stocks rebounded Thursday from the prior session’s sell-off, as the Dow Jones Industrial Average led with a 600-point gain to…
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NVR Stock Key Rating Jumps Again As Its Share Price Hits All-Time High; Can It Continue Climbing In Volatile Market?
Homebuilder NVR‘s (NVR) stock rose to its highest point ever Wednesday, quite an accomplishment in the current volatile market. As…
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Biotech Surges Again As Novartis Potentially Joins Buyout Ring
Novartis (NVS) said Thursday it’s interested in “bolt-on” deals and investors zeroed in on Aurinia Pharmaceuticals (AUPH), sending AUPH stock…
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DocuSign Stock Plunges As Revenue Guidance Misses Expectations
DocuSign stock plunged after its October-quarter earnings and revenue topped Wall Street targets but revenue guidance for DOCU stock missed…
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Dollar General Stock Falls On Earnings, Becomes Latest Discounter To Expand Higher Prices
Dollar General stock fell on Thursday, after the discount chain gave a more upbeat full-year outlook that still came up…
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Dow Jones Rallies As Boeing Soars; McConnell Makes This Pledge Amid Shutdown Deal; Builders Surge
The Dow Jones Industrial Average rallied as small caps surged. Senate Republican Leader Mitch McConnell made a pledge after Congress…
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Welltower Stock Shows Improved Price Strength, Earns IBD Rating Upgrade
In a welcome move, Welltower (WELL) saw its Relative Strength Rating rise from 68 to 71 on Thursday. X When…
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Futures Mixed After Market Sell-Off; Apple Tumbles On Weak iPhone Demand
Dow Jones futures grabbed back more than 250 points Thursday, after the stock market sell-off worsened Wednesday. Apple stock slid…
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Fundbox closes $100m Series D round to take valuation beyond $1bn – FinTech Futures
Small business platform provider Fundbox has closed a $100 million Series D funding round, giving it a valuation of $1.1…
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Money management app Plum raises $24m from investors and crowdfunding – FinTech Futures
Money management app Plum has raised $24 million in a Series A funding round. $16 million came from investors with…
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New neobank Migom provides unbanked entrepreneurs essential banking services
A new neobank that combines digital banking necessities with crypto asset capabilities has emerged in the Caribbean. Migom provides banking…
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West Pharmaceutical Services Stock Earns Composite Rating Upgrade
The IBD SmartSelect Composite Rating for West Pharmaceutical Services (WST) increased from 94 to 96 Wednesday. X The revised score…
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Square Stock Joins Facebook In Corporate Rebranding As Dorsey, Zuckerberg Think Alike
Jack Dorsey and Facebook (FB) Chief Executive Mark Zuckerberg apparently think alike. Square stock will change its name to Block,…
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Indexes Fade After Strong Start; 3 Semiconductor Breakouts To Watch
The Dow Jones Industrial Average bounced back Wednesday on the first trading day of December, along with the other major…
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ULTA Stock Falls Ahead Of Q3 Earnings Report As Holiday Sales Kick Off
Ulta Beauty (ULTA) will report quarterly results late Thursday as holiday sales pick up and the makeup and haircare specialty…
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Futures Jump After Market Sell-Off; Tech Titan Set To Hit New High
Dow Jones futures rallied 300 points Wednesday, bouncing back from Tuesday’s stock market sell-off. Dow Jones tech titan Apple set…
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ING CIO Annerie Vreugdenhil leaves to join ABN Amro – FinTech Futures
ING chief innovation officer and head of ING Neo Annerie Vreugdenhil is set to leave the firm to join the…
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Unit adds cross-border payments capabilities with Currencycloud – FinTech Futures
Banking-as-a-Service (BaaS) platform Unit is partnering with cross-border money transfer firm Currencycloud. Currencycloud can now offer its APIs as a…
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IBD Stock Of The Day Nears Breakout As Omicron Extends Covid Opportunity
Danaher Corp Danaher Corp DHR $0.80 0.25% 9% IBD Stock Analysis Shares are forming a cup base with a buy…
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Dow Down 545 Points On Inflation, Omicron Fears
The Dow Jones Industrial Average extended its losses in today’s stock market as new comments from Federal Reserve Chair Jerome…
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Want to be a hidden challenger and accelerate fintech partnerships?
Fast-tracking innovation is every bank leader’s dream when it comes to fintech partnerships. How is this possible given the limitations…
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Chipmaker GlobalFoundries Posts Surprise Profit On In-Line Sales
Contract chipmaker GlobalFoundries (GFS) late Tuesday topped analyst expectations for earnings in the third quarter on in-line sales. It also…
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Microchip Technology Stock Earns Membership In 95-Plus Composite Rating Club
Microchip Technology (MCHP) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96. Microchip Technology stock…
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Merck Stock In Limbo; FDA Mulls Covid Pill As Omicron Variant Looms
Merck stock rose late Tuesday after a Food and Drug Administration committee voted narrowly in favor of recommending the company’s…
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Allbirds Falls After Mixed Q3 Results, Weak Guidance
Allbirds stock fell late Tuesday after the sustainable sneaker-maker and recent IPO reported mixed third-quarter earnings and a full-year sales…
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Ambarella Beats Targets On Brisk Sales Of Computer-Vision Chips
Ambarella (AMBA), a maker of computer-vision chips, late Tuesday beat Wall Street’s targets for its fiscal third quarter and guided…
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Zscaler Stock Climbs As Cybersecurity Firm’s Earnings, Guidance Top Estimates
Zscaler stock climbed after the cybersecurity firm reported earnings, revenue and billings for its fiscal first quarter that topped Wall…
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Movers and Shakers: TD Bank promotes Dinn to chief information officer
TD Bank, along with robotic process automation (RPA) company Automation Anywhere and cryptocurrency lending platform Celsius, announced promotions this month:…
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Equinix Stock Closes In On Key Rating Benchmark; Still Has Work To Do To Become A Top Performer
With customers and partners like Netflix, Amazon.com, Cisco Systems and Alphabet’s Google, data center provider Equinix (EQIX) has a seat…
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Olaplex Hitting Ulta Shelves In 2022 As Haircare Sales Rise During Pandemic
Ulta Beauty (ULTA) announced it would begin selling Olaplex products late Monday. OLPX stock posting a modest decline early Tuesday,…
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BNP Paribas partners European paytech SIA to launch branded corporate cards – FinTech Futures
BNP Paribas has partnered with Euro paytech SIA to launch co-branded cards with major commercial partners in France and other…
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State of play: central bank digital currencies (CBDCs) – FinTech Futures
Introducing a new regular column – State of Play – at FinTech Futures. Each month, fintech analyst Philip Benton explores a new topic and assesses the…
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IBD 50 Stocks To Watch: This Chip Stock Continues Higher On Shortages, Record Backlog
Chip stock Onto Innovation (ONTO) has earned its spot in today’s IBD 50 Stocks To Watch list as it benefits…
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Grainger Stock In Buy Zone; Maintenance Supplier Scores Strength Rating Upgrade
The Relative Strength (RS) Rating for W.W. Grainger (GWW) climbed into a new percentile Monday, with a rise from 80…
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Toronto Dominion Bank Stock Sees RS Rating Rise To 84
When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Toronto Dominion Bank (TD)…
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Citigroup alum Matt Zhang launches $1.5B crypto-investing venture
Former Citigroup Inc. executive Matt Zhang is launching a $1.5 billion venture focused on cryptocurrency-related investments and has hired Sam…
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