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NTB News30 articles
Bank of America Nears Record High Ahead of Fed Stress Test Results
Bank of America shares ended the holiday-shortened week near record highs, as the market anticipates the Fed's annual stress test results on Wednesday.
Grab Stock Surges 8% on Record Profit, Superbank Consolidation Plans
Grab Holdings shares surged 8% to $3.57, outpacing the Nasdaq, as investors cheered record profit, 24% revenue growth, and Superbank consolidation plans.
Fed Stress Test Results to Guide Bank Stocks After a Turbulent Week
U.S. bank stocks are set for a pivotal week as the Fed releases annual stress test results on Wednesday, with inflation data and rate hike signals also looming.
Bank of America Digital Outage Disrupts Customer Access, Poses Reputational Risk
A Bank of America digital banking outage on Saturday left over 5,000 customers unable to log in, highlighting the risks of heavy digital reliance for the bank's 59 million users.
RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks
Royal Bank of Canada shares slipped 0.36% as OSFI reduced the Domestic Stability Buffer to 3.0%, freeing capital for lending but not immediately boosting earnings.
Bradesco Preferred Shares Unchanged as Brazil Central Bank Cuts Selic to 14.25%
Bradesco's preferred shares closed unchanged at R$17.47 after Brazil's central bank cut rates to 14.25% but signaled caution. Investors balance profit recovery against higher loan-loss provisions and inflation risks.
TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.
Bank of England Holds Rate at 3.75% as Energy Shock Eases, Inflation Concerns Linger
The Bank of England kept rates unchanged at 3.75%, with two policymakers favoring a quarter-point rise. Inflation is projected to climb above 3.25% by year-end, delaying any rate cut.
TD Bank Shares Surge to 52-Week Peak on Wholesale Earnings and Leadership Revamp
TD Bank shares rose to a 52-week high on record wholesale earnings and a leadership reshuffle at TD Securities, as the broader Canadian market also hit new highs.
Lloyds Shares Climb as UK Bank Rally Offsets Margin Concerns
Lloyds Banking Group shares rose 1.68% to 105.3p as UK banks rallied on softer May inflation data, easing near-term rate hike fears but leaving margin concerns.
Nubank shares rise despite Citi downgrade on credit worries
Nu Holdings shares rose 2.33% to $12.72 despite a Citigroup downgrade to Neutral on credit quality and margin concerns. The stock remains down 24% year-to-date.
Lloyds Banking Group Rises as UK Financial Stocks Rally Ahead of BoE Decision
Lloyds Banking Group shares rose 1.3% to 104p, beating the FTSE 100, as financial stocks rallied and the bank continued its £1.75 billion buyback program.
Grab Rides Tech Rally, Focus Shifts to Superbank Integration
Grab shares jumped 4.85% on Monday, tracking a tech rally, but the stock remains near its 52-week low. All eyes are on August's Q2 results and updated guidance following the Superbank consolidation.
Grab Rallies on Nasdaq Surge, Eyes August Guidance After Superbank Merger
Grab shares jumped nearly 7% on broad market strength, with no company-specific news. The next catalyst is August's guidance update following the Superbank consolidation.
Asian Markets Rally on Oil Plunge, Central Bank Decisions Ahead
Asian equities opened higher on a sharp drop in oil prices following a US-Iran agreement, but caution remains ahead of BOJ and Fed policy decisions.
Nu Holdings Edges Higher After Nubank Error; Buyback and Earnings in Focus
Nu Holdings shares closed up 0.83% at $12.19 after Nubank confirmed a false liquidation message was an operational error. Investors are watching a $1 billion buyback and upcoming earnings.
Nu Holdings Shares Steady After Nubank's False Liquidation Alert Explained as Operational Error
Nu Holdings shares were unchanged after Nubank clarified a false liquidation alert was due to an operational mistake. The stock remains 36% below its 52-week high.
Bank of America edges up ahead of Fed stress test, Q2 earnings
Bank of America shares edged higher Friday, outperforming the broader market as investors look ahead to the Fed's stress test and Q2 earnings report.
Scotiabank Hits New High as TSX Rebounds on Financials Rally
Bank of Nova Scotia surged to a 52-week high, closing up 1.24% at C$115.27, as the TSX rebounded 1.5% on financial sector strength and strong trading volume.
Bank of Canada Holds Rate at 2.25% Amid Growth-Inflation Tug-of-War
Bank of Canada held its policy rate at 2.25% for a fifth time as weak growth and rising inflation create a monetary policy 'dilemma'; the Canadian dollar fell to a seven-month low.
FTSE 100 Rises on Bank Rebound, AI Doubts Cap Gains
London’s FTSE 100 edged up 0.6% on Thursday, driven by a rebound in banking stocks, but gains were limited by geopolitical risks and renewed concerns over AI spending.
Bank of America Shares Rise on Upgraded Q2 Trading Revenue Forecast
Bank of America shares edged higher after management indicated Q2 markets revenue may surpass the 15% growth forecast, fueled by equities trading strength. A DOJ subpoena on debanking also emerged.
Inotiv Stock Surges on Bankruptcy Filing Despite Equity Wipeout Warning
Inotiv shares surged over 100% on massive volume after filing for Chapter 11, but the restructuring plan cancels all existing common shares with no payout, warning investors of total loss.
Nubank Stock Tumbles on CFO Change and Credit Quality Fears
Nu Holdings shares dropped 8.16% after the company named former Visa executive Rob Livingston as CFO and BofA Securities downgraded the stock, highlighting credit quality risks.
Grab Stock Flat as Investors Eye Digital Banking Expansion
Grab Holdings shares barely moved as Q1 results impressed with 24% revenue growth, but unchanged full-year guidance and risks tied to its Superbank consolidation kept investors on edge.
Milbank Sets New Big Law Salary Benchmark at $455K; Rivals Quickly Follow
Milbank LLP has increased associate pay to $455,000, prompting immediate responses from rivals like McDermott Will & Schulte and reigniting salary competition among top U.S. law firms.
Market Movers: Micron Surges on AI, Preferred Bank Undervalued
US stock futures edged higher Tuesday amid robust global manufacturing data, while Micron Technology reported a 196% surge in Q2 revenue driven by AI demand.
Bitcoin Depot Faces $76K ATM Scam Suit as Bankruptcy Looms
Bitcoin Depot is sued in Idaho for allegedly facilitating a $76,000 scam via its ATMs, while the company undergoes bankruptcy and states tighten crypto ATM regulations.
Huntington Bancshares Surges on Heavy Volume, Regional Banking Outlook Brightens
Huntington Bancshares jumped 1.49% on double-average volume, outperforming regional peers. Q1 net income hit $523M, adjusted EPS 37¢, and Cadence Bank integration wraps in Q2. Management to present at Morgan Stanley June 9.
Bank of America Faces Fresh Test After Friday's Rebound
Bank of America shares ended the week down 0.4% at $51.60 despite a Friday bounce. CEO Moynihan sees Q2 trading revenue up 15% and NII at top of 6-8% range. Jobs report key for rates.