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Zacks News
HSBC Faces Forex Trade Manipulation Allegations from ECU
by Zacks Equity Research
HSBC Holdings plc (HSBC) is once again being accused of ''front running'' foreign exchange transactions by London-based currency manager, ECU Group for its three major trades carried out in 2006.
Bank Stock Roundup: Weak Q2 Trading Outlook Raises Concern, BofA & Citi in Focus
by Zacks Equity Research
Over the last four trading days, performance of banking stocks remained bearish. Dismal trading revenue outlook provided by some of the major banks indicates that the earnings picture will be bleak in the second quarter.
Dow 30 Stock Roundup: GE Inks Deals Worth $5.58B in Vietnam, Merck Buys Rights to Alzheimer Antibody
by Swarup Gupta
The Dow suffered across the holiday shortened week, buoyed only by encouraging private sector hiring.
Stock Market News for June 01, 2017
by Zacks Equity Research
Benchmarks closed in the red on Wednesday weighed down primarily by financials
5 Top High-Yield Dividend Aristocrats to Buy in June
by Tirthankar Chakraborty
Summer months in the stock market are known to be notorious for sluggish price action, hence, buy dividend aristocrats for better quality business.
Bank Stocks Down on Weak Trading Revenue Expectations in Q2
by Zacks Equity Research
Top executives of JPMorgan (JPM), Bank of America (BAC) and Morgan Stanley (MS) hinted at weakness in second quarter trading revenues.
Here's Why Shares of Goldman Sachs (GS) Stumbled Today
by Madeleine Johnson
On Wednesday, shares of financial giant Goldman Sachs (GS) closed the day down 3.28% to $211.26 per share after executives at the two largest U.S. banks signaled a potential slump in second-quarter trading.
Global Payments (GPN) to Provide Samsung Pay in Hong Kong
by Zacks Equity Research
Global Payments Inc. (GPN) has announced that it will provide its merchants the facility to pay via Samsung Pay in Hong Kong.
Stock Market News for May 24, 2017
by Zacks Equity Research
Benchmarks closed in the green on Tuesday following the release of Trump???s budget proposal which was more or less in line with expectations
R3 Consortium Raises $107M from Finance & Tech Companies
by Zacks Equity Research
R3, a New York-based startup, which aims at building a blockchain-like technology for financial institutions, has raised $107 million in funds from over a dozen financial and technology companies.
Bank Stock Roundup: Trump's Policy Uncertainty Hits Headlines, Wells Fargo in Focus
by Zacks Equity Research
Over the last five trading days, performance of banking stocks has been bearish.
Dow 30 Stock Roundup: Home Depot, Cisco, Wal-Mart Beat on Earnings
by Swarup Gupta
The Dow traversed another tenuous week, marked by key earnings results and political developments.
Stock Market News for May 18, 2017
by Zacks Equity Research
Benchmarks ended in the red on Wednesday following a report on Trump???s interference into the FBI probe regarding Mike Flynn???s involvement with Russian sources
S&P 500, Industrial Giants Dip as Trump Controversies Continue
by Benjamin Rains
The three largest U.S. stock market indexes all fell on Wednesday as Washington D.C. turmoil regarding President Donald Trump and his administration ramped up yet again.
Banks Under Scrutiny for Bond Price Manipulation in Mexico
by Zacks Equity Research
The Investigative Authority of the Mexican Federal Economic Competition Commission (COFECE) is conducting an enquiry on seven banks to find proof of a possible collusion to manipulate bond prices.
JPMorgan (JPM) Buys Dublin Office to Move Jobs Post Brexit
by Zacks Equity Research
As part of its efforts to move jobs out of London post Brexit, JPMorgan Chase & Co. (JPM) is buying an office space in Dublin.
J P Morgan (JPM) Up 3% Since Earnings Report: Can It Continue?
by Zacks Equity Research
JPM reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
JPMorgan May Tap Growing Saudi Market with More Bankers
by Zacks Equity Research
In order to make the most of growing equity market and M&A activities in Saudi Arabia, JPMorgan Chase & Co. (JPM) plans to increase its number of bankers over there.
Dow 30 Stock Roundup: Disney Beats on Earnings, 3M Divests Operating Unit
by Swarup Gupta
The Dow declined over the week, dragged down by adverse domestic events and geopolitical concerns
Interactive Brokers to Sell Options Market-Making Division
by Zacks Equity Research
Interactive Brokers (IBKR) signed a definitive agreement with Two Sigma to divest its U.S. options-market-making business of Timber Hill.
Credit Suisse Plans to Expand in North Carolina to Cut Costs
by Zacks Equity Research
After staging a turnaround with decent results last month following quarters of loss, Credit Suisse Group AG (CS) recently hit the headlines with its restructuring initiatives in North Carolina and Asia.
JPMorgan to Relocate London-Based Jobs to EU Due to Brexit
by Zacks Equity Research
JPMorgan Chase & Co. (JPM) is planning to relocate around hundreds of banking jobs out of London. This action will lead to the company's loss of "passporting-rights" from London.
The Zacks Analyst Blog Highlights: Exxon Mobil, JPMorgan, Union Pacific, Biogen and Becton Dickinson
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Exxon Mobil, JPMorgan, Union Pacific, Biogen and Becton Dickinson
The Zacks Analyst Blog Highlights: JPMorgan Chase, 3M, Boeing, Coca-Cola and DuPont
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan Chase, 3M, Boeing, Coca-Cola and DuPont
Bank Stock Roundup: Q1 Earnings in the Last Phase, SunTrust & Fifth Third Beat Estimates
by Zacks Equity Research
Over the last five trading days, performance of banking stocks was bullish. Decent Q1 earnings for banks and their upbeat outlook cheered the investors.