Huntington Bancshares
This coming earnings season could decide if a stock market at record highs has more room to run
The upcoming earnings season will show investors whether the bull case for equities still holds. The second quarter reporting season comes at a pivotal point for the stock market, with the S & P 500 and Nasdaq Composite trading at all-time highs this week even after an onslaught of bad news regarding higher tariffs, a […]
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Earnings season ramps up next week with no certainty for Wall Street on trade
The roller-coaster ride the stock market has been on is unlikely to end next week, with earnings ramping up in an environment where investors, companies and consumers have absolutely no certainty as to what will happen next with trade. Wall Street is about to wrap up one of its wildest weeks of trading ever, that […]
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Inflation data will be of paramount importance in the week ahead, with earnings kicking off
With investor confidence in the Federal Reserve’s interest rate path fast dwindling, the inflation data next week will be of paramount importance for a flagging market. The earnings season is also starting to ramp up once more. Stocks posted a second straight losing week, after this week’s strong economic data added to fears that the […]
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Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more
Check out the companies making headlines in midday trading. CrowdStrike – The stock fell more than 10% after an update by the cybersecurity firm caused a major IT outage that affected airlines, hospitals, financial services firms and other businesses . Shares of Microsoft were also marginally lower following the news that many Microsoft users around […]
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Shares making the largest moves midday: Southwest Airlines, GameStop, Highly developed Micro Gadgets and much more
Test out the providers earning headlines in midday buying and selling: Southwest Airways — The inventory rose 9% following activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airways. The firm seeks to switch Southwest CEO Bob Jordan and Chairman Gary Kelly. GameStop — The meme stock slipped nearly 15% in volatile […]
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Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more
Check out the companies making headlines before the bell. GameStop — Shares surged nearly 27% following the company’s announcement Friday that it had made around $933.4 million from a stock sale. The company sold 45 million common shares. Nvidia — The chipmaker jumped 3% premarket, continuing its post-earnings rally after its quarterly earnings report Wednesday. Shares […]
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These regional banks are at greatest risk of being taken over by rivals, according to KBW
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images A trio of regional banks face increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to KBW analysts. Banks with between $80 billion and $120 billion in assets are […]
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Sens. Booker, Warnock press massive financial institution CEOs to pause overdraft charges after SVB failure
Sen. Cory Booker (D-NJ) speaks all through Attorney General nominee Merrick Garland’s confirmation hearing prior to the Senate Judiciary Committee, Washington, DC, February 22, 2021. Al Drago | Pool | Reuters WASHINGTON — Sens. Cory Booker and Raphael Warnock have urged the CEOs of 10 major financial institutions to waive overdraft and nonsufficient fund expenses […]
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Very first Republic jumps 15%, leads comeback rally in regional financial institutions Tuesday
Important Points CNBC’s David Faber noted Monday that JPMorgan Chase is providing advice on possibilities to the San Francisco bank that is drawn the attention of Wall Street for its massive amount of money of uninsured deposits. Also encouraging sentiment was a report by Bloomberg Information that the Treasury Office is researching regardless of whether […]
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