Twenty-one banks led by Goldman Sachs and Citi plan a joint dollar-backed stablecoin
A large bank consortium's stablecoin project, reported alongside a US bank stablecoin push ahead of the CLARITY Act, pressures crypto-linked firms like Circle a
Startup Fortune · +14 outlets
Bank stocks lag the S&P 500 by the most since 1990 as yields pressure the sector
The 10-year Treasury yield topping 5.3% is squeezing bank equities even as some lenders are pitched as beneficiaries of higher rates.
247wallst.com · +14 outlets
Oppenheimer warns big US banks including Goldman and Morgan Stanley face tough Q3 earnings season
The analysts expect rate and margin pressure to weigh on major bank results when the quarter's reporting begins.
Finimize · +3 outlets
Barry Diller offers $12.4B to buy MGM, shares edge up after hours
The buyout bid would take the casino and entertainment operator private at a premium.
Stocktwits · +6 outlets
Visa and Mastercard face antitrust suit over billions in merchant swipe fees
The litigation targets the card networks' fee structure, a recurring legal and regulatory battleground for the payments giants.
USA Herald · +14 outlets
Visa and Mastercard face antitrust suit over billions in merchant swipe fees
The litigation targets the card networks' fee structure, a recurring legal and regulatory battleground for the payments giants.
USA Herald · +14 outlets
JPMorgan cuts Wells Fargo price target to $91.50 from $95.50
The reduced target comes as Wells Fargo shares hold near $80.45 amid a broad pullback in bank stocks.
TipRanks · +3 outlets
Warren and Van Hollen pressure OppFi to abandon its bank acquisition deal
Two Senate Democrats are urging the nonbank lender to drop its dealmaking, weeks after Enova scrapped its bid for Grasshopper Bank.
Bankingdive · +4 outlets
Jim Cramer warns Q3 earnings season faces a much more difficult backdrop
The CNBC commentator says making money in this market has gotten harder as the earnings deluge approaches.
TradingView · +4 outlets
Wells Fargo downgrades ExxonMobil as shares trade near $164.01
The downgrade adds to cautious sell-side views on the energy major.
AD HOC NEWS · +1 outlets
Wells Fargo initiates coverage on BlackRock ahead of October 14 earnings
New analyst coverage arrives as the asset manager approaches its third-quarter report.
AD HOC NEWS · +3 outlets
Higher rates seen lifting Chubb and other P&C insurers
Rising bond yields are framed as a tailwind for property, casualty and life insurers' investment income.
Simply Wall Street · +5 outlets
Wells Fargo starts coverage of brokers, asset managers and exchanges, favoring TW, SEIC and STEP
The new sector coverage highlights Tradeweb, SEI Investments and StepStone among preferred names.
TradingView · +3 outlets
M&T Bank reaffirmed as a buy despite market pullback on strong growth and earnings
Analysts see the regional lender's growth and earnings story intact even as bank stocks broadly retreat.
Kalkine Media · +2 outlets
AppLovin hits 52-week low after court denies bid to halt Unity data collection
The legal setback added to pressure on the advertising technology company's shares.
finance.biggo.com · +2 outlets
India reforms rules to expand foreign participation in government securities
The policy change aims to draw more overseas investors into India's sovereign bond market.
India Briefing · +13 outlets
Northern Trust begins search for a new CFO to succeed Fox
The custodian bank is hunting for a finance chief as its current CFO prepares to depart.
American Banker
Higher Treasury yields reshape regional bank stock picks including Farmers National Banc and Arrow Financial
Sell-side screens flag lenders positioned to benefit as short- and long-term Treasury yields reset higher.
Simply Wall Street