daily banking news
- Banking
With core switch, small Alabama bank aims to settle transactions in real time
Without access to real-time services, bank customers don’t always see their actual balance and transaction information across digital and nondigital…
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Registration ends soon for 2021 Best Credit Unions to Work For rankings
There is just one week left to register for the 2021 edition of Credit Union Journal’s annual Best Credit Unions…
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NASA Picks SpaceX For Moon Mission; ‘Writing Is On The Wall’ For Boeing Rocket
NASA selected the SpaceX Starship to land astronauts on the moon again as Elon Musk’s company reinforces its status as…
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Stocks Rally Even As Coinbase Struggles To Rise Further; Interest Rates Plunge; 5 Growth Stocks To Trade Now
Stocks today showed more oomph. New IPO Coinbase (COIN) struggled to gain more ground after its sensational debut Wednesday at…
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‘No dilly-dallying’: Citi’s Jane Fraser gets to work on overhaul
Jane Fraser wants to move quickly to remake Citigroup, so it makes sense that her first earnings call as CEO…
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Dow Jones Futures: Stock Market Rally Rebounds As Treasury Yields Plunge; Adopt This Winning S&P 500 Strategy
Dow Jones futures were little changed Thursday night, along with S&P 500 futures and Nasdaq futures. The stock market rally…
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U.S. Bancorp bets on corporate payments rebound
U.S. Bancorp’s payment services businesses struggled during the pandemic, but executives are counting on continued increases in consumer spending and…
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Dow Jones Rallies As Jobless Claims Plunge; Coinbase Up As Powell Likens Bitcoin To Gold
The Dow Jones Industrial Average rallied as jobless claims plunged and retail spending ramped up. Hot new issue Coinbase Global…
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Truist accelerates branch cuts, closes in on expense targets
Truist Financial has been slashing branches, headcount and shuttering office space as it inches closer to the cost savings goals…
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IBD Live QA Summary, Stock Lists For Thursday, April 15, 2021
Great play. Who is it? Massive Attack’s Paradise Circus … used as theme song for Luther Happy Thursday! Hi Mark!…
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EOG Resources Reaches Key Rating Milestone Amid Rapidly Rising Oil And Gas Prices
With oil prices up more than 50% since last fall, oil company stocks have been on the rise. On Thursday,…
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AppLovin Stock Drops As Trading Starts For Game Software Firm
AppLovin’s initial public offering failed to excite investors Thursday as shares for the software company plunged when it began trading…
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Dow Jones Hits New High As Stocks Rally On Jobs Data; These 2 Hot IPO Stocks Jump
Stocks rallied Thursday, fueled by positive jobless claims and retail sales data, as the Dow Jones Industrial Average got a…
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Thermo Expands Its Biggest Business With $17.4 Billion PPD Buyout
Thermo Fisher Scientific (TMO) is buying clinical researcher PPD in a $17.4 billion cash-and-debt deal, the companies said Thursday as…
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Southern Copper Shows Mettle With Rising RS Rating
One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Metal miner Southern…
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PBF Energy Joins Elite Club Of Stocks With RS Ratings Over 90
On Thursday, PBF Energy (PBF) cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus…
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JPMorgan embarks on $2.5 trillion climate, sustainability effort
JPMorgan Chase set a goal to finance $2.5 trillion in initiatives that combat climate change and advance sustainable development, amid…
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Dow Jones, Nasdaq Chase Small Caps Higher As Jobs Data Loom; Coinbase Climbs, Dell Jumps On VMware Spin-Off
Buyers were on the prowl early Thursday, with stock futures rising ahead of a big day of economic news. Earnings…
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Airline Stocks Rally As American Says ‘People’ Eager To Travel
American Airlines (AAL) on Wednesday said it plans to fly at nearly pre-pandemic levels on domestic flights this summer as…
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First Republic reports earnings spike from stimulus programs
Loan growth and wealth management revenue fueled by stimulus cash and a recovering economy pushed quarterly profit higher at First…
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Mastercard rewrites rules for banks backing pornography sellers
Mastercard is updating the requirements it sets for banks that process payments for sellers of adult content. The banks will…
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Cloudflare Stock Adds Nvidia Artificial Intelligence Tools To Security Network
Cloudflare‘s (NET) new partnership with chipmaker Nvidia (NVDA) will enable customers to build artificial intelligence-based apps that run on its…
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How PNC responded to customers’ complaints about overdraft fees
PNC Financial Services Group has unveiled a new service that it says will give customers more control of their checking…
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Nvidia Stock Hits Buy Point On Data Center, AI Advancements
Graphics-chip maker Nvidia (NVDA) released a fire hose of news at its online GTC conference, detailing advancements in artificial intelligence,…
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SSTK, IBD Stock Of The Day, Breaks Out Into Buy Zone Amid Surging Earnings, 3D Move
Shutterstock Inc Shutterstock Inc SSTK $4.42 4.73% 2% IBD Stock Analysis Breaks out past 95.39 buy point Earnings growth has…
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Top-Rated Stocks: BHP Billiton Composite Rating Climbs To Near-Best 96
The Biden administration’s infrastructure plans, and the improving global economic picture as economies slowly rise out of the Covid pandemic…
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CVB Financial in California hires new bank CEO
CVB Financial in Ontario, Calif., has hired a new president for its bank. The $14 billion-asset company said in a…
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Tesla, IBD Stock Of The Day, Faces Huge Test Amid Rebound
Tesla Tesla TSLA $18.39 2.72% 35% IBD Stock Analysis If Tesla stock retakes its 50-day line, that could be an…
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Sage Stock Trips As Analysts Question Longevity Of Biogen-Partnered Drug
Sage Therapeutics (SAGE) unveiled promising results for its Biogen (BIIB)-partnered essential tremors treatment on Monday, but Sage stock tripped on…
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Ameriprise to buy BMO unit with $124 billion in client funds
Bank of Montreal agreed to sell its Europe, Middle East and Africa asset management unit to Ameriprise Financial Inc. for…
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BofA’s new sustainable financing goal: $1 trillion by 2030
Bank of America is boosting its environmental financing goal, aiming to provide $1 trillion in financing for sustainable and low-carbon…
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IPO Plans For Topps Targets Non-Fungible Tokens As Growth Accelerator
Beauty is in the eye of the beholder, as the saying goes. And for many these days that beauty is…
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Top Marijuana Stock Could Fill Key Void With Latest Buyout As Competition Increases
Canopy Growth (CGC) on Thursday said it would buy rival Supreme Cannabis to fatten the Canadian pot producer’s recreational market…
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Walmart files for trademark for fintech unit: ‘Hazel by Walmart’
Walmart Inc.’s financial technology venture, still shrouded in mystery, now has a possible name: Hazel by Walmart. The world’s largest…
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China’s Top Electric Vehicle Maker Unveils New Models As Rival Nio Warns On Q2
BYD (BYDDF) showed off new electric vehicles as the Chinese auto giant outsold EV rivals Nio (NIO) and XPeng (XPEV)…
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Southwest Airlines Sees Rising Relative Strength Rating To 81
On Tuesday, Southwest Airlines (LUV) hit a key technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus…
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US Economy Optimism Hits Covid-Era High On Vaccines, Stimulus: IBD/TIPP
Government checks of $1,400 per person began arriving shortly after President Biden signed the $1.9-trillion stimulus into law on March…
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Dow Jones Futures: Google, Microsoft Flash Buy Points As Nasdaq Joins Market Rally; Jobs Report, Tesla On Tap
Dow Jones futures will start trading Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally…
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Russell 2000 Outperforms Again, Dow Soars 1,080 Points From March 25 Low; These Growth Stocks Are Breaking Out
The Russell 2000 flexed outperformance again in the stock market today. In afternoon trading, the iShares Russell 2000 (IWM) exchange…
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Commvault Systems Stored Up Strength; Holding Up Well Despite Market Rotation
Tech stocks have been taking it on the nose as the all-important Treasury bill interest rate rises at a rapid…
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Fee income lagging, Louisiana bank makes bet on wealth management
Business First Bancshares in Baton Rouge, La., is poised to play catch up when it comes to fee revenue. The…
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Best Mutual Funds Awards: Best U.S. Taxable Bond Funds
Benchmark: BBgBarc US Agg Bond 7.51 5.34 4.44 3.84 Virtus AllianzGI Convertible Inst ANNPX 55.82 26.60 19.87 13.58 Convertibles No…
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OPEC Meeting, Tesla Deliveries, Lululemon Earnings Due: Investing Action Plan
Here’s your weekly Investing Action Plan: what you need to know as an investor for the coming week. Oil prices…
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Citi hires Goldman’s Erika Irish Brown to lead diversity efforts
Citigroup hired Goldman Sachs’ Erika Irish Brown to help oversee efforts to diversify its workforce. Brown, who was most recently…
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Dow Jones, Nasdaq Fall As Janet Yellen, Jerome Powell Testify; Large-Cap Tech Stocks Outperform
The Dow Jones Industrial Average traded lower in today’s stock market as the major indexes all showed declines in afternoon…
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Best Mutual Funds Awards: Best Small-Cap Funds
Benchmark: S&P 500 18.40 14.18 15.22 13.88 Virtus KAR Small-Cap Growth I PXSGX 43.28 29.91 30.13 22.11 Small Growth Yes…
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Mutuals say latest stimulus effort highlights need for capital reform
The mutual banking industry is ready to make another push to reform how they raise capital. Advocates are finding new…
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Northeast Credit Union CEO to retire this summer
Timothy Collia will retire as president and CEO of Northeast Credit Union in Portsmouth, N.H., this summer. Timothy Collia, CEO…
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Williams Sonoma Shows Rising Price Performance With Jump To 93 RS Rating
Williams Sonoma (WSM) had its Relative Strength (RS) Rating upgraded from 90 to 93 Monday. X When looking for the…
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Tesla Stock Is A Screaming Buy Now If Cathie Wood’s Ark Is Right
Cathie Wood’s Ark Invest just put out its much awaited 2025 price target on Tesla stock. And it’s a bold…
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