Banking & Finance

How MoneyGram Is Making a Comeback Through Crypto

Posted: June 18, 2019 at 9:41 am

Shares of MoneyGram International, Inc. (NASDAQ: MGI) more than doubled on Tuesday after the firm announced that it would be partnering with the famed cryptocurrency Ripple. This partnership supports the ...
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State Street Faces More Yield Curve Woes

Posted: June 12, 2019 at 3:14 pm

State Street Corp. (NYSE: STT) had to worry about the yield curve after all. The trust and custodial bank has warned that second-quarter net interest income will fall short of ...
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How Buffett and Berkshire Hathaway Complicate Top Financial ETFs

Posted: June 4, 2019 at 9:29 am

At the start of every earnings season, the investing community gets to see how the strength of the banking industry has been since the prior reports. This is where the ...
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Beyond Bitcoin: The Utility Settlement Coin From Global Banks

Posted: June 3, 2019 at 1:20 pm

The world has gone from being puzzled about cryptocurrency and blockchain to being obsessed with them, and then the excitement was crushed after seeing bitcoin and the other cryptocurrencies fall ...
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Goldman Sachs Adds $25 Billion in Assets for $750 Million

Posted: May 16, 2019 at 10:30 am

One of the country's biggest banks, Goldman Sachs Group Inc. (NYSE: GS), announced Thursday morning that it has agreed to acquire privately held wealth management firm United Capital Financial Partners ...
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FINRA Brings Additional Rules to Protect Investors Against Troubled Brokers

Posted: May 2, 2019 at 2:38 pm

Brokerage firms with a history of misconduct or that employ a high number of brokers and advisors with red flags may about to face even more regulatory scrutiny. FINRA has ...
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Why Square’s Q1 Beat Was Not Enough for Investors

Posted: May 1, 2019 at 4:29 pm

Square Inc. (NYSE: SQ) released first-quarter financial results after markets closed Wednesday. The company said that it had $0.11 in earnings per share (EPS) and $489 million in revenue, compared ...
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What to Expect When Square Reports After the Close

Posted: May 1, 2019 at 10:45 am

Square Inc. (NYSE: SQ) is scheduled to release its first-quarter financial results after the markets close on Wednesday. The consensus estimates are calling for $0.08 in earnings per share (EPS) ...
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Why Warren Buffett May Buy More Bank Stocks Rather Than Make Large Share Buybacks

Posted: April 30, 2019 at 6:45 am

Berkshire Hathaway Inc. (NYSE: BRK-A) is a bit of an enigma when it comes to a traditional company. The company is the largest conglomerate of all, with a $533 billion ...
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Can American Express Q1 Results Lift Shares to New High?

Posted: April 18, 2019 at 11:35 am

When American Express Co. (NYSE: AXP) released its first-quarter financial results before the markets opened on Thursday, the company posted $2.01 in earnings per share (EPS) and $10.36 billion in ...
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Should Synchrony Financial Get More Credit for Q1 Results?

Posted: April 18, 2019 at 9:05 am

Synchrony Financial (NYSE: SYF) released its first-quarter financial results before the markets opened on Thursday. The company said that it had $1.00 in earnings per share (EPS) and $4.79 billion ...
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Bank of New York Mellon Signals Dark Yield Curve Clouds in Trust and Custodial Companies

Posted: April 17, 2019 at 11:50 am

It's unusual to see shares of Bank of New York Mellon Corp. (NYSE: BK) have a huge post-earnings reaction. After all, the 235-year-old bank is the top custodial player with ...
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What to Expect When American Express Reports Thursday

Posted: April 17, 2019 at 10:55 am

American Express Co. (NYSE: AXP) is scheduled to release its first-quarter earnings report before the markets open on Thursday. Consensus estimates are calling for $1.98 in earnings per share (EPS) ...
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Were Morgan Stanley’s Q1 Earnings Good Enough?

Posted: April 17, 2019 at 9:50 am

Morgan Stanley (NYSE: MS) released its first-quarter financial results before the markets opened on Wednesday. The investment bank said that it had $1.33 in earnings per share (EPS) and $13.56 ...
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BlackRock Dominates ETFs as Management Fees and Expense Ratios See Ongoing Pressure

Posted: April 16, 2019 at 1:05 pm

BlackRock Inc. (NYSE: BLK) saw its shares rally after reporting first-quarter earnings for 2019. While the underlying earnings report matters for BlackRock shareholders, there is a broader issue to consider ...
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