american banking news
- Banking
Why A Controversial Biogen Drug Could Become A Major Blockbuster
A controversial Alzheimer’s drug that has weighed on Biogen stock this year could ultimately become a major blockbuster within five…
Read More » - Banking
HZO Stock: Bullish Option Trade With 25% Return Potential
Marinemax (HZO) stock is currently the No. 2 stock on the IBD Leaderboard and is holding up well during this…
Read More » - Banking
Pennymac Financial Services Shows Improved Price Strength
On Monday, Pennymac Financial Services (PFSI) earned an upgrade to its Relative Strength (RS) Rating, from 63 to 72. X…
Read More » - Banking
Element Solutions Earn 95-Plus Composite Rating; Nears Buy Point
The IBD SmartSelect Composite Rating for Element Solutions (ESI) increased from 94 to 96 Monday. X The revised score means…
Read More » - Banking
State data privacy laws pose compliance headaches for banks
States are stepping up their efforts to protect the privacy of consumer data, and the trend is adding to banks’…
Read More » - Banking
Trex Builds Its Relative Price Strength
Trex (TREX) had its Relative Strength (RS) Rating upgraded from 70 to 74 Monday — a welcome improvement, but still…
Read More » - Banking
Pandemic has redefined role of bankers: New ICBA chair
Robert Fisher will begin his one-year term as chairman of the Independent Community Bankers of America with more clarity about…
Read More » - Banking
Screen Of The Day: Big Money Is Snapping Up These Top Stocks
Here’s your IBD Screen Of The Day: a look at the top stocks featured on the IBD Stock Screener. Today we…
Read More » - Banking
Wells Fargo targets net-zero emissions after rivals set goals
Wells Fargo joined rivals in pledging to achieve net-zero greenhouse gas emissions in the coming decades. The fourth-largest U.S. lender…
Read More » - Banking
NorCal agrees to sell to investor group
Northern California National Bank in Chico has agreed to be sold to an investor group. The $310 million-asset bank said…
Read More » - Banking
Fintech trade groups merge, recruit more members
Fintech companies are joining a new trade group called the American Fintech Council to lobby Washington lawmakers and set standards…
Read More » - Banking
Disney Stock Leaps To New All-Time High As Lagging Unit Gets Big Boost
Disney stock gapped up Monday after California signaled that Disneyland and California Adventure can reopen April 1. Meanwhile, “Raya and…
Read More » - Banking
IBD Live Q&A And Two Key Stock Lists For March 8, 2021
In Leaderboard, what % of your portfolio is a “full position”? 10% to the entire IBD International Team Live from…
Read More » - Banking
Is The Biggest Bank Stock By Market Cap A Buy As Stimulus Lifts Hopes For Recovery?
JPMorgan stock has moved higher over the past several months, fueled by hopes for an economic rebound and higher interest…
Read More » - Banking
PayPal Stock: Cryptocurrency Revenue Impact Still Small In 2021, Says Analyst
PayPal Holding (PYPL) has agreed to buy cryptocurrency security firm Curv as it takes on Square (SQ) in the digital…
Read More » - Banking
Fed will continue supporting PPP loans until June 30
WASHINGTON — The Federal Reserve will extend by three months the liquidity facility bolstering the Paycheck Protection Program while letting…
Read More » - Banking
Is Intel Stock A Buy With New Chief Executive Running Chipmaker?
Chipmaking giant Intel (INTC) has had a rough go lately. Intel stock has fallen hard after its last three quarterly…
Read More » - Banking
Wells cleared in racial hiring inquiry; Goldman’s changing corporate culture
Wall Street Journal Case closed The Labor Department under the Trump administration last October closed an inquiry into Wells Fargo…
Read More » - Banking
Bank CEO sought meeting with Trump while eyeing job, prosecutors say
New details have emerged about the efforts by a bank CEO to land a high-ranking job in the Trump administration…
Read More » - Banking
Dow Futures Dip, Tech Futures Dive As Bond Yields Rise
Dow Jones futures dipped Monday morning, S&P 500 futures fell and Nasdaq futures tumbled as Treasury yields climbed following the…
Read More » - Banking
Xpeng Earnings Report Mixed; EV Stocks Keep Falling
Chinese electric-vehicle maker Xpeng (XPEV) reported mixed fourth-quarter estimates early Monday, a week after rival Nio (NIO) posted a mixed…
Read More » - Banking
Google, Microsoft, Vale, Polaris, PVH: Five Stocks Near Buy Points As Market Rally Attempt Begins
Google stock, Microsoft (MSFT), Vale (VALE), Polaris (PII) and PVH (PVH) are top stocks near buy points to watch this…
Read More » - Banking
Comerica names leader of outreach to nonprofits in Black community
Comerica in Dallas has tasked a longtime communications executive to help it build relationships with people of color. As national…
Read More » - Banking
People with disabilities struggle to save. Purple says it has a solution.
Christian Ciocca, who has Down syndrome, faced a dilemma: The handful of hours a week he spends working at a…
Read More » - Banking
Formal processes crucial to diversifying credit union boards: Report
Credit unions that hope to advance their diversity, equity and inclusion efforts have a better chance of success if their…
Read More » - Banking
Lenders wary as Fed’s PPP facility nears deadline
A liquidity facility created by the Federal Reserve to undergird the Paycheck Protection Program is set to expire on March…
Read More » - Banking
GE Outlook Due As Xpeng, ChargePoint Report: Investing Action Plan
Here’s your weekly Investing Action Plan: what you need to know as an investor for the coming week. GE stock…
Read More » - Banking
Why Google Stock Is Holding Up Better Than Apple, Facebook, Amazon, Netflix
Alphabet Inc Cl A Alphabet Inc Cl A GOOGL $16.50 0.81% 41% IBD Stock Analysis Stock now forming three-weeks-tight pattern…
Read More » - Banking
Bank CEO pay in for a down year
Bank boards and compensation committees face a tall order these days: how to sufficiently reward CEOs for steering their companies…
Read More » - Banking
Volkswagen Accelerates EV Production Plans As Tesla, Nio Continue To Crash
Volkswagen (VWAGY) is speeding up its EV production in Europe, doubling its forecast for the share of battery-powered cars in…
Read More » - Banking
Advisors Shop Smart For Freelancers By Tapping Online Platforms
Most advisors allot at least some money for marketing. The smart ones squeeze the most value out of every dollar…
Read More » - Banking
Verity, Simplicity and other credit unions name new CEOs
GFA Federal Credit Union in Gardner, Mass., has selected Joshua Brier as its next CEO. He will succeed Tina Sbrega,…
Read More » - Banking
QQQ Option Trade Idea When Volatility Is High
Iron condors are neutral trades that are best used when volatility is high. We certainly have high volatility currently, so…
Read More » - Banking
Together Credit Union names first chief diversity officer
Together Credit Union in St. Louis named Pier Yvette Alsup as its first chief diversity, equity and inclusion officer. Pier…
Read More » - Banking
Is Visa Stock A Buy Right Now As It Raises Card Fees?
Visa (V) has a strong earnings track record and is making more moves in digital payments. Is Visa stock a…
Read More » - Banking
NIO Stock: Cash Secured Put Update
Not all option trades go according to plan. Back in January we looked at a long-term cash secured put on…
Read More » - Banking
IBD 50 Stocks To Watch: Software Stock Sitting In Buy Zone Finds Support After 232% Run
Dynatrace (DT) is the IBD 50 Stocks To Watch pick for Thursday as it gets support at a key technical…
Read More » - Banking
Hawaiian Airlines Stock Soars Past Key Technical Benchmark
When considering what names to put on your watchlist, look for stocks with an 80 or higher RS Rating. Hawaiian…
Read More » - Banking
Walmart Eyes U.S. Stock Listing To Top India Business: Report
Walmart (WMT) is reportedly looking to take its Flipkart unit public in the U.S. via a blank-check deal. Walmart stock…
Read More » - Banking
Square Stock Drops After It Agrees To Buy Jay-Z’s Tidal Music Service
Square stock dropped after the digital payment firm paid a high price to acquire a majority stake in music streaming…
Read More » - Banking
Why Amgen’s $1.9 Billion Takeover Might Only Whet Its Appetite In 2021
Amgen (AMGN) said Thursday it will spend $1.9 billion to buy Five Prime Therapeutics (FPRX), a small biotech company with…
Read More » - Banking
Dow Jones Falls 345 Points As Nasdaq Leads Sell-Off On Fed Chair Jerome Powell Comments
The Dow Jones Industrial Average closed lower in today’s stock market after reversing some of its earlier losses. Meanwhile, the…
Read More » - Banking
Gaming Headset Maker Turtle Beach Tops Targets For Holiday Quarter
Turtle Beach (HEAR), a maker of headsets and other video game peripherals, late Thursday beat Wall Street’s targets for the…
Read More » - Banking
Vale, IBD Stock Of The Day, Sets Up New Buy Point As Commodities Jump
Vale Vale VALE $0.38 2.13% 32% IBD Stock Analysis Vale stock is approaching an 18.57 buy point. Shares have a…
Read More » - Banking
Dow Jones Futures: Stocks Break Decisively On Fed Chief Powell; Tesla, Google, Microsoft In Focus
Dow Jones futures edged higher Thursday night, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered…
Read More » - Banking
Valley Strong to bulk up with Solano First merger
Solano First Federal Credit Union, a $175 million-asset institution in Bakersfield, Calif., has agreed to merge into Valley Strong Credit…
Read More » - Banking
Dow Jones Dives 700 Points As Powell Speech Slams Stock Market, Bond Yields Spike
The Dow Jones Industrial Average shed 700 points Thursday, after Fed Chief Jerome Powell’s speech boosted bond yields and sent…
Read More » - Banking
Challenger bank helps customers brace for medical emergencies
A challenger bank is offering supplemental health insurance and other health-related benefits to customers who are uninsured or underinsured. Better…
Read More » - Banking
Fed Chief Powell Speaks: Will Federal Reserve ‘Twist’ As Treasury Yields Surge, S&P 500 Stalls? | Fed Chief Powell Speaks: Will Federal Reserve ‘Twist’ As Treasury Yields Surge, S&P 500 Stalls?
Federal Reserve policy was pitch perfect throughout the worst of the coronavirus crisis, but its nearly yearlong streak appears to…
Read More » - Banking
Credit unions dig into data to offset slowdown in lending
With lending slowing in part due to the ongoing economic downturn brought on by the pandemic, some credit unions are…
Read More »