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Category: Activity


Activity, Trading

Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

March 18, 2019

Via: CNBC

Underneath the stock market’s epic rebound has been a “more favorable” trend that Credit Suisse says will drive the market higher. The bank dialed up its year-end forecast for the S&P 500 to $3,025 from $2,925 previously. The new forecast […]


Activity, Insurance

Insurers Remain Cautious About Marijuana Insurance Market

March 14, 2019

Via: Insurance Journal

The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key barriers […]


Activity, Corporate banking

JP Morgan escalates deposit wars with expansion into the heart of Bank of America country

March 13, 2019

Via: CNBC

As J.P. Morgan Chase builds out its web of branches across the U.S., it is launching into areas long dominated by two of its biggest rivals. J.P. Morgan is expanding into nine new U.S. markets as it fills gaps in […]


Activity, Trading

Stocks rise modestly as investors keep eye on Boeing, Brexit developments

March 13, 2019

Via: Market Watch

U.S. stocks rose Wednesday morning, putting them on track for a third straight day of gains as investors weighed conflicting data on the U.S. economy with concerns tied to the U.K.’s exit from the European Union. Shares of Boeing were […]


Activity, Insurance

Federal Flood Insurance Premiums Could Rise in Flood-Prone Areas Under Trump Plan

March 12, 2019

Via: Insurance Journal

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. […]


Activity, Corporate banking

Wells Fargo Details Plan to Rebuild and Transform

March 12, 2019

Via: ABF Journal

Wells Fargo provided an update on the progress the company has made and is making as part of its transformation to build a better, stronger company in a new progress report available on its website. “While we have more work […]


Activity, Investment banking, Products, Retail banking

Investing app Stash launches debit rewards in an effort to attract more banking customers

March 12, 2019

Via: Market Watch

Stash doesn’t want to just invest your spare change — it also wants to keep the rest of your money in a bank account. And the company is set to reward you for doing so. The investing app is officially […]


Activity, Trading

Deutsche Bank and Commerzbank shares rally on merger talk

March 11, 2019

Via: CNBC

Shares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks. Several media reports over the weekend suggested Deutsche Bank CEO Christian Sewing had dropped his opposition to the deal. Sewing was […]


Activity, Trading

Europe stocks slip as investors wait to hear from ECB’s Draghi, global growth fears fester

March 7, 2019

Via: Market Watch

European markets fell Thursday as the European Central Bank said it expected to leave interest rates unchanged at least through the end of this year and laid out a new round of long-term loans. Investors are now waiting to hear […]


Activity, Trading

Even if the rally stalls, BofA expects stocks to return to record territory this year

March 6, 2019

Via: CNBC

One of Wall Street’s largest firms sees signs the 2019 rally is stalling, but that may be no reason to turn bearish. It’s a bull thesis BofA-Merrill Lynch’s Stephen Suttmeier builds in two charts. The first chart suggests the S&P […]