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Category: Activity


Activity, Insurance

New York Finalizes Regulations to Crack Down on Title Insurance Industry

October 18, 2017

Via: Insurance Journal

The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the culmination of efforts by DFS to reform […]


Activity, Channels, Insurance

Universal Insurance Holdings Expands to New York with Launch of Universal Direct

October 17, 2017

Via: Insurance Journal

Universal Insurance Holdings Inc. has announced that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has written its first homeowners policy in New York. The company also announced the official launch of Universal Direct, the direct-to-consumer online platform […]


Activity, Trading

Goldman earnings breeze past expectations on trading beat; shares jump

October 17, 2017

Via: CNBC

Goldman Sachs posted earnings Tuesday that easily beat expectations on the top and bottom lines, sending shares higher in premarket trading. Traders reacted positively despite another sharp pullback in trading. The bank reported: Earnings of $5.02 per share vs. $4.17 […]


Activity, Trading

Bank of America earnings top Wall Street estimates, shares rise

October 13, 2017

Via: CNBC

Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. Here’s how the company’s results fared against Wall Street expectations: EPS: 48 cents vs 45 cents forecast by Thomson […]


Activity, Trading

Citigroup Joins JPMorgan in Grappling With Bond-Trading Revenue Plunge

October 12, 2017

Via: TheStreet

Citigroup Inc. (C – Get Report) , the Wall Street bank, said third-quarter profit rose 8% from a year earlier, as gains on a sale of a fixed-income analytics business helped make up for a plunge in bond-trading revenue. Earnings […]


Activity, Business banking, Products, Trading

Robinhood, trading app for millennials, still betting on stocks over bitcoin

October 10, 2017

Via: CNBC

For all the talk about millennials preferring bitcoin and other investments over stocks, the co-founder of popular stock trading app Robinhood expects stocks to stay in favor. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” […]


Activity, Trading

Banks Stocks Higher as September Jobs Report Misses Expectations

October 6, 2017

Via: TheStreet

Bank stocks moved broadly higher in premarket trading Friday, Oct. 6, after September’s jobs report whiffed on expectations and contracted for the first time in seven years. Shares of JPMorgan Chase & Co. (JPM – Get Report) gained 0.48% to […]


Activity, Trading

Stocks are cheap and could rally 32 percent next year — here’s the chart that shows why

October 5, 2017

Via: CNBC

It’s a valuation call that catapults stocks by 32 percent. Based on the latest calculations by PNC Asset Management’s Bill Stone, the S&P 500 could hit 3,368 in 2018. And he has a chart that proves it could happen. “Part […]


Activity, Insurance

SCC Names White as New Virginia Commissioner of Insurance

September 29, 2017

Via: Insurance Journal

The State Corporation Commission (SCC) in Virginia has appointed Scott A. White to serve as Virginia’s 14th Commissioner of Insurance in the 111-year history of the SCC’s regulation of the insurance industry. White assumes the post on Jan. 1, 2018, […]


Activity, Insurance

Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Declined in Recent Years

September 28, 2017

Via: Insurance Journal

In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils, according to a study of home insurance trends. The six-year LexisNexis Risk Solutions study indicates that despite the rise of […]