financial services

Wells Fargo & Co (NYSE:WFC) shares are trading lower on Friday. This is despite the company reporting earnings higher than estimated, coming in at $1.39, which was five cents ahead of estimates. The stock may be about to trend higher. It is trading at a support level and stocks can rally off of...

Robinhood Markets Inc. (NASDAQ:HOOD) shares traded lower Monday as financial stocks declined amid concerns over tariffs and trade policy. What To Know: The drop follows President Donald Trump's decision to delay tariffs on certain Mexican and Canadian goods under the USMCA agreement until April 2...

In a recent move, Singapore’s state investor, Temasek, has declared its intention to pump as much as $30 billion into the U.S. market over the next five years. What Happened: Temasek’s investment strategy will primarily target sectors such as healthcare, financial services, and...

Walmart Inc (NYSE:WMT) shares soared to an all-time high on Thursday after reporting a higher-than-expected $5.1 billion in net income and revenue growth. The Arkansas-based retail giant is the largest company in the world by revenue, according to Fortune. JPMorgan Chase & Co (NYSE:JPM) enjoys...

The $35 billion takeover of Discover Financial Services (NYSE:DFS) by Capital One Financial Corp (NYSE:COF) creates the U.S.’ biggest credit card operator, and a major headache for rivals Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA). The synergies created are what drove the deal. Capital...

An in-depth investigation by ProPublica says that Walmart Inc. (NYSE: WMT) is a significant enabler in a vast fraud network involving gift cards and money laundering. One notable case involved Christy Browne, a retired teacher from New York, who was tricked into buying $2,000 in...

A new survey reveals that 99% of U.S. financial services companies put similar, or more focus, on crypto or blockchain projects in 2023 compared to prior years. What Happened: Paxos surveyed 400 U.S.-based executives from companies with at least $50 billion in assets under management or $50 billion...

Steve Sanders serves as EVP, of Marketing and Product Development at Interactive Brokers (NASDAQ: IBKR), whose strategy is to focus on serving do-it-yourself investors of any age or generation. With more than two decades of experience at Interactive Brokers, as a managing partner, he assisted the...

Rishi Khanna is the CEO of Stocktwits, a platform for hosting global conversations for retail investors and traders across all asset classes. It boasts of 6 million registered members. Last month, the platform opened avenues by launching options trading as the sector witnessed rapid growth....

Galaxy Digital Holdings (OTC: BRPHF), led by Mike Novogratz, has triumphed in a legal battle against BitGo over the latter’s $1.2 billion acquisition deal that never materialized.  Quoting a document from the Delaware Chancery Court dated June 9, Bloomberg reported that Galaxy...

Projects in decentralized finance, or DeFi, may have to meet governance and security norms or incorporate them, as regulators look to extend proposed cryptocurrency laws to cover more diffuse structures, according to a report by the French central bank. What Happened: As regulators...

The Securities and Exchange Commission's direction to Paxos to cease issuing new units of Binance's dollar-pegged cryptocurrency Binance USD (CRYPTO: BUSD), has triggered reactions from industry experts, who believe that staking yield should not be considered a security. Slava Demchuck, CEO...

JPMorgan Chase & Co. (NYSE: JPM) downgraded crypto-focused bank Silvergate Capital (NYSE: SI) on Friday from "overweight" to "neutral." The bank also lowered its price target from $30 to $14 on Friday, Coindesk reported. The financial behemoth in a research report stated...

The cryptocurrency industry was in turmoil throughout 2022, but that will lead to more stable companies in 2023, accoridng to Circle (CRYPTO: USDC) chief strategy officer Dante Disparte. Disparte, who is also Circle's head of global policy, says the $2 trillion in losses suffered by the...

PayPal Holdings Inc (NASDAQ: PYPL) is undertaking several growth initiatives that could shape its future, according to BofA Securities. The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating on PayPal Holdings, with an unchanged price target of $118. The PayPal Holdings Thesis:...