american banking news
- Banking
Fintech unicorn Stash is weighing options for going public
The financial technology firm Stash is exploring options for a market listing, such as merging with a special purpose acquisition…
Read More » - Banking
Use The Up/Down Volume Ratio To Find Top Stocks Under Accumulation
It’s often said that earnings growth is the main driver of a stock’s price performance. That’s true, but top stocks…
Read More » - Banking
Home Depot Leads This Hot Index Near Buy Point After 146% Run
Home Depot stock and other building-related plays remain solid as the economy recovers from the Covid-19 pandemic. X One way…
Read More » - Banking
Is BMY Stock A Buy As Shares Hit A 16-Month High On Cancer Data?
Bristol Myers Squibb (BMY) released promising data for several cancer drugs in late May, leading BMY stock into a breakout.…
Read More » - Banking
Rising Profit Estimates A Big Part Of Story With These 4 Growth Stocks
First-quarter earnings season is just about over, and analysts are recalibrating sales and profit estimates for the coming quarters. Meanwhile,…
Read More » - Banking
Square Scores Relative Strength Rating Upgrade; Hits Key Benchmark
On Thursday, Square (SQ) reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile…
Read More » - Banking
Honor Credit Union to merge with smaller Michigan CU
Honor Credit Union in Berrien Springs and ATL Federal Credit Union in Wyoming, Michigan, will combine later this year. Honor…
Read More » - Banking
More D.C. fireworks: Lawmakers, CEOs clash on minority outreach, overdrafts
WASHINGTON — On the second day of congressional testimony by the CEOs of the six largest banks, lawmakers pulled few…
Read More » - Banking
Apple job posting points to alternative payment ambitions
Apple is looking for an expert in the payment industry’s hottest segments in anticipation of partnerships in point of sale…
Read More » - Banking
Computer Maker Dell Crushes First-Quarter Sales, Earnings Views
Computer hardware giant Dell Technologies (DELL) late Thursday crushed Wall Street’s targets for its fiscal first quarter. Dell stock rose…
Read More » - Banking
This Is How To Decipher Pullbacks Like A Pro And Analyze Setups Like AMAT Stock
IBD Senior Markets Writer Ken Shreve joined the Investing With IBD podcast to discuss the technical action needed to warrant…
Read More » - Banking
Camping World Gets Key Rating Upgrade Amid Strong Profits, Sales To Folks Looking For Safe Recreation
The great outdoors was a safe and popular outlet for people confined at home due to the Covid outbreak last…
Read More » - Banking
Cel-Sci Stock Clears Technical Benchmark, Hitting 80-Plus RS Rating
Cel-Sci (CVM) saw an improvement to its Relative Strength Rating on Thursday, rising from 79 to 87. An over-80 RS…
Read More » - Banking
How To Benefit From Low Implied Volatility On GM Stock
General Motors (GM) had a very bullish close yesterday and is back above the all-important 21 and 50-day moving averages.…
Read More » - Banking
Citizens CEO says HSBC deal ‘ticks all the boxes’
Over the years, acquisitions of fee-based business have played a key role in Citizens Financial Group’s growth strategy. The Providence,…
Read More » - Banking
Stock Of The Day Magna Breaks Out As GM Reopens Factories, Apple Car Eyed
Magna International Magna International MGA $3.28 3.41% 27% IBD Stock Analysis Clears short consolidation with 99.82 buy point Earnings, sales…
Read More » - Banking
Commonwealth Bank of Australia developing tech for open banking
Commonwealth Bank of Australia is building a product stack to accommodate cross-institutional data sharing, a trend called open banking that…
Read More » - Banking
Dow Jones Leads Stock Market But Pares Gains As Biden, GOP Work On Infrastructure Plan
The Dow Jones Industrial Average sharply pared its gains midday Thursday, after rising nearly 300 points early on better-than-expected jobs…
Read More » - Banking
Shareholders To Vote On SPAC Merger With SoFi As Public Offering Awaits
Online finance company Social Finance, which goes by the name SoFi, is moving closer to an initial public offering via…
Read More » - Banking
Is Comcast Stock A Buy? WarnerMedia, Discovery Merger Puts Pressure On NBCUniversal
Comcast stock historically has not made big runs from breakouts. That’s not to say that CMCSA stock doesn’t have good…
Read More » - Banking
The Surprising Move Vir Stock Made After Winning Covid Drug Authorization
GlaxoSmithKline (GSK) and Vir Biotechnology (VIR) won Food and Drug Administration authorization for a Covid treatment on Wednesday, but Vir…
Read More » - Banking
IBD 50 Stocks To Watch: Zebra Sees Key Analyst Upgrade, Nears New Buy Point
Among leading growth stocks, our pick for today’s IBD 50 Stocks To Watch column is Zebra Technologies (ZBRA). Zebra is among…
Read More » - Banking
Dow Jones Today, Futures Mixed Ahead Of GDP, Jobs Data; Ford, Boeing Rally; Best Buy Leads Retail Charge
Stock futures lulled in tightly mixed trade ahead of a raft of early economic news Thursday. Earnings news lifted chip…
Read More » - Banking
Retailer Best Buy Demolishes First-Quarter Sales, Earnings Targets
Consumer electronics retailer Best Buy (BBY) on Thursday demolished Wall Street’s targets for its fiscal first quarter. BBY stock rose…
Read More » - Banking
Bank CEOs hear it from both sides of the aisle; crypto firms stalk Wall Street
Receiving Wide Coverage … Bankers berated “The chief executives of the six largest U.S. banks drew fire from both Republicans…
Read More » - Banking
Credit union’s deal for tiny thrift has mutual bank advocates on edge
The case of a one-branch thrift selling itself to Minnesota’s largest credit union has mutual banking advocates lining up in…
Read More » - Banking
Freddie Mac hires former Wells Fargo exec Michael DeVito as new CEO
Michael DeVito, Wells Fargo’s former executive vice president of home lending, will take over as full-time CEO of Freddie Mac…
Read More » - Banking
Pure Storage First-Quarter Results Top Estimates, Including Outlook
Pure Storage (PSTG) reported first quarter results late Wednesday that exceeded expectations, as did its revenue outlook for the second…
Read More » - Banking
Qorvo Shows Improved Relative Price Strength
Qorvo (QRVO) had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still…
Read More » - Banking
Bank CEOs grilled by Senate on pandemic response, ‘woke capitalism’
WASHINGTON — The CEOs of the six largest banks faced a grilling in the Senate on Wednesday, taking heat from…
Read More » - Banking
Dow Jones Pares Gain As Nasdaq Leads Market Upside; This Automaker Scores Breakout
The Dow Jones Industrial Average traded near breakeven in today’s market after paring earlier gains. Over the past hour, the Dow…
Read More » - Banking
Snowflake Stock Tumbles As Product Revenue Guidance Edges By Estimates
Snowflake stock fell late Wednesday after the enterprise software maker reported first-quarter revenue that topped estimates, but its July quarter…
Read More » - Banking
Global chip shortage threatens payment card supply
The payment card industry is no less vulnerable to the shortage of computer chips than any of the major tech…
Read More » - Banking
EV Play Tritium Finds A SPAC After Last Month’s Deal Freeze
Tritium, a maker of charging stations for electric vehicles, said it planned to go public via a SPAC, with hopes…
Read More » - Banking
IBD Live QA Summary, Stock Lists For Wednesday, May 26, 2021
Ticker of the day RLUV Indeed Is Radar Love an indirect reference to Tesla? Haha, Ed added it to the…
Read More » - Banking
SoFi stakeholders hit by $560 million freeze ahead of SPAC debut
A New York court ordered the freezing of $560 million in assets held by entities controlled by Renren CEO Joseph…
Read More » - Banking
Logitech, IBD Stock Of The Day, Could Get Multiyear Covid Lift
Logitech Intl Sa Logitech Intl Sa LOGI $2.95 2.54% 30% IBD Stock Analysis Stock breaks above 117.24 buy point out…
Read More » - Banking
BMO tops estimates as provisions drop, loan income recovers
Bank of Montreal’s fiscal second-quarter earnings beat estimates as the waning COVID-19 crisis allowed the lender to set aside less…
Read More » - Banking
Top-Rated Stocks: Beazer Homes Sees Composite Rating Climb To 96
Beazer Homes (BZH) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96. X The upgrade…
Read More » - Banking
Zscaler Shows Improved Technical Strength After Earnings Report
On Wednesday, Zscaler (ZS) earned an upgrade to its Relative Strength (RS) Rating, from 69 to 73. Zscaler Stock Pops…
Read More » - Banking
F-35, Hummer Makers Team Up On Moon Rover For NASA
Lockheed Martin (LMT) and General Motors (GM) announced a partnership Wednesday to build a moon rover for NASA’s Artemis moon…
Read More » - Banking
Dow Jones Reverses As Bitcoin Jumps Above $40,000; Nvidia Earnings Due Late
The Dow Jones Industrial Average reversed from early gains Wednesday, as Bitcoin briefly jumped back above $40,000. Pinduoduo turned lower…
Read More » - Banking
Wells Fargo’s head of regulatory relations is stepping down
Sarah Dahlgren, Wells Fargo’s head of regulatory relations, is leaving the company. Dahlgren, a former high-level official at the Federal…
Read More » - Banking
16 New Momentum Stocks Are Taking Over The Market
Momentum is shifting fast on the S&P 500. And investors, and indexes, are struggling to keep up. X Sixteen stocks…
Read More » - Banking
Is It Crazy To Let 13-Year-Olds Trade Stocks? Or Shrewd?
How will your kids learn to invest? Investing for beginners is easier to learn and safer with feedback and guidance…
Read More » - Banking
Pinduoduo Earnings Top Views; PDD Stock Rises
Pindoduo (PDD) reported first-quarter results early Wednesday that topped estimates. PDD stock rose. X The China e-commerce company reported an…
Read More » - Banking
Tax Software Leader Intuit Edges Earnings Target On In-Line Sales
Financial software firm Intuit (INTU) late Tuesday edged Wall Street’s earnings target on in-line sales for its fiscal third quarter.…
Read More » - Banking
Penn National Gaming Stock Shows Improved Price Strength
In a welcome move, Penn National Gaming (PENN) saw its Relative Strength Rating improve from 68 to 73 on Tuesday.…
Read More » - Banking
Iowa credit union’s takeover of two banks riles industry
A credit union agreed to buy two banks Tuesday, potentially adding fuel to banking industry complaints that credit unions’ federal…
Read More » - Banking
Ex-TIAA CEO Roger Ferguson joins the board of fintech Klarna
Less than a month after retiring as president and CEO at TIAA, Roger Ferguson Jr. is adding a new title…
Read More »
