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The Latest Breaking News from Financial Services

These are the soon-to-be former members K Street wants to woo

Some former House and Senate members will be in demand from K Street firms, but not all, lobbyists and headhunters say.

Roll Call

Expected Financial Services chair found consensus with Democrats - Roll Call

Democrats said Rep. Patrick T. McHenry, R-N.C., expected Financial Services Committee chair, has sought to find bipartisan consensus.

Roll Call

3 Vulnerable Stocks to Avoid Until Further Notice

The Federal Reserve recently approved a 75-basis-point rate hike for the fourth straight meeting, paving the way for interest rates to reach 5% by March 2023. With increasing borrowing costs and softening demand hurting high-debt businesses, it is likely to be a treacherous terrain for fundamentally weak stocks. Thus, it…

StockNews.com

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3 Fintech Stocks to Avoid Until Further Notice

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

StockNews.com

3 Financial Services Stocks You Wouldn’t Want to Buy Right Now

Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Upstart Holdings (UPST), and Marathon Digital (MARA) are not well-positioned to capitalize on the current interest rate environment. One should avoid…

StockNews.com

2 Stocks You Should Think About Shorting

Interest rate increases and consequent market volatility look all set to persist in light of the better-than-expected September employment figures. Since the outlook seems bleak for fundamentally weak stocks SoFi Technologies (SOFI) and Cassava Sciences (SAVA), one may consider selling them short. Continue reading….

StockNews.com

1 Tech Stock That Could Get Pushed Even Lower in Q4

Financial services provider SoFi Technologies (SOFI) has lost more than 65% this year. Given its bleak fundamentals, the stock could get pushed even lower this quarter. Hence, it might be best avoided now. Read on….

StockNews.com

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3 Financial Services Stocks Investors Shouldn't Be Buying Right Now

Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Marathon Digital (MARA), and BitNile (NILE) are not well-positioned to capitalize on the current rate environment. One should avoid these stocks…

StockNews.com

Should You Buy SoFi Stock Now or Wait?

Shares of financial services company SoFi Technologies (SOFI) have plummeted more than 60% in price year-to-date, aggravated by the recent FedEx warning spurring recession fears and causing a broad sell-off in fintech stocks. However, given Biden’s announcement on lifting the student loan repayment moratorium, is it wise to buy the…

StockNews.com

3 Financial Services Stocks to Buy and 1 to Sell

While most sectors suffer from a rising interest rate environment, financial service providers benefit because of the positive correlation of their revenues with interest rates. Therefore, amid the current rising interest rate environment, it could be worth investing in WNS (Holdings) Limited (WNS), Everi Holdings (EVRI), and Forrester Research (FORR),…

StockNews.com

PLUG, AMC, SOFI, and 1 Other Stock Moving Lower in 2022

Since concerns about the Fed’s potential rate hikes and the possibility of further economic contraction are expected to keep the stock market under pressure, fundamentally weak stocks that are on a downtrend this year, such as Plug Power (PLUG), SoFi Technologies (SOFI), AMC Entertainment (AMC), and Forge Global Holdings (FRGE),…

StockNews.com

Is SoFi Stock a Buy as Biden Forgives Student Loans?

Financial services company SoFi Technologies (SOFI) reported disappointing second-quarter financials, and the stock is currently trading more than 75% below its 52-week high. Furthermore, analysts are bearish about the company’s earnings growth prospects. However, given Biden’s announcement of student loan forgiveness and an end to the loan repayment pause, is…

StockNews.com

1 Fintech Stock to Avoid Right Now and 2 to Buy

Continued digitization of businesses and financial transactions would drive the fintech industry’s growth. However, economic uncertainties and geopolitical headwinds have weighed heavily on investors’ sentiment surrounding fintech stocks. So, this may be the right time to offload fundamentally weak fintech stock Block (SQ) and load up promising industry participants Everi…

StockNews.com

Should You Buy Beaten-Down SoFi Technologies Stock?

Shares of SoFi Technologies (SOFI) are down more than 65% in price year-to-date. The stock has been under pressure due to the Education Department’s repeated revisions of the end date of the student loan moratorium and the Fed’s aggressive interest rate hikes. With the Education Department likely to push back…

StockNews.com

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5 Stocks to Avoid as Mortgage Demand Hits a 22-Year Low

The faster-than-expected rise in mortgage rates, high home prices, and the lack of home listings have led to mortgage demand hitting a 22-year low. Amid this backdrop, we think it could be wise to avoid mortgage stocks Walker & Dunlop (WD), Hercules Capital (HTGC), Ellington Financial (EFC), Mr. Cooper (COOP)…

Benzinga

Congress Proposes Marijuana Protections For Immigrants, Advertisers And Banks

Fiscal Year 2023 spending bills for the Department of Homeland Security (DHS), Financial Services and General Government (FSGG) the and U.S.

InsideEVs

You Can Now Lease Or Finance A New Lucid Air Exclusively Online

Lucid Group has announced Lucid Financial Services, a new digital platform developed with Bank of America that offers customers lease and loan purchase options.

Benzinga

Deere Shares Drop After Q2 Results, Despite Beating Street Expectations

Deere & Company (NYSE:DE) reported second-quarter FY22 net sales and revenue growth of 11% year-over-year to $13.37 billion, beating the consensus of $13.2 billion. EPS increased to $6.81 from $5.68 in 2Q21, beating the consensus of $6.71. Sales by segments: Production & Precision Agriculture $5.12 billion (+13% Y/Y), Small Agriculture & Turf…

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Does Upstart Holdings Deserve a Place in Your Portfolio?

Upstart Holdings (UPST) reported impressive first-quarter results. But the company slashed its full-year growth forecast and is expected to suffer from the current macroeconomic uncertainty. So, let’s find out if it is wise to buy its shares now on their dip in price. Read on.

Birmingham Post

Aviva boss responds to shareholders' sexist and "derogatory" jibes following AGM

Amanda Blanc said she has picked up her "fair share of misogynistic scars" in her 30-plus years in financial services and that gender equality is a "long way off"

Roll Call

Financial Services has a problem with remote members who can't find the mute button - Roll Call

Michigan Republican Bill Huizenga became frustrated at a House Financial Services hearing when remote attendees left their mics turned on.

Tribune News Service

Congress members tiptoeing into crypto raise conflict concerns

As efforts to regulate the rapidly-growing cryptocurrency market increase, some observers are raising concern about the rising number of U.S. lawmakers beginning to dabble in digital assets.

Benzinga

PACCAR Q1 Earnings Beat Estimates

PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY22 sales growth of 10.6% year-on-year, to $6.47 billion, beating the consensus of $5.91 billion. Net sales and revenues from Truck, Parts, and Other improved 12.8% to $6.1 billion, and the corresponding gross margins were 13.4%. Revenues from Financial Services fell 15% to $366.2 million. Revenue from U.S.…

Benzinga

Why Are Accenture Shares Trading Higher Today

Accenture PLC (NYSE:ACN) reported second-quarter FY22 revenue growth of 24% year-on-year to $15.05 billion, beating the consensus of $13.44 billion. New bookings increased 22% Y/Y to $19.6 billion. Consulting revenues rose 29% Y/Y to $8.32 billion, and Outsourcing revenues increased 19% Y/Y to $6.72 billion. Geographic Market Revenue: North American market revenue grew 26%…

Benzinga

CNH Industrial Registers 7% Revenue Growth In Q4

CNH Industrial NV (NYSE:CNHI) reported fourth-quarter revenue growth of 6.8% year-over-year to $9.07 billion, +9% on a constant currency basis. Net sales of Industrial Activities was $8.55 billion, an increase of 6% Y/Y and +9% on a constant currency basis. Segment Revenue: Agriculture $4.15 billion (+21.2% Y/Y), Construction $844 million (+12.2% Y/Y), Commercial and…

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