London's blue-chip index is poised to open lower, pausing after hitting a fresh record high, as market focus shifts to the Bank of England's upcoming interest rate announcement and guidance.
Shares of Q2 Holdings have tumbled over 38% in the past year, raising questions about whether the digital banking software provider's current valuation presents a buying opportunity. A deep dive into cash flow projections and market multiples reveals a complex picture.
Scotiabank has adjusted its price target for Oracle Corporation downward but reaffirmed its confidence in the tech giant's long-term strategy, citing its cloud infrastructure expansion and unique position in the competitive AI landscape.
Deutsche Bank has significantly raised its price target for Palantir Technologies, reflecting confidence in its AI-driven growth, yet maintains a 'Hold' rating due to persistent valuation concerns centered on stock-based compensation.
Deutsche Bank announces a significant 47% increase in its dividend payout to €1.00 per share, a move that aligns with robust earnings growth and a conservative payout ratio, marking a potential turning point for the lender's shareholder returns.
Piper Sandler (PIPR) is scheduled to release its fourth-quarter financial results before the market opens on Friday. Investors will be watching closely to see if the firm can maintain its track record of exceeding revenue expectations, as the broader investment banking sector faces headwinds.
Analysts have revised Popular Inc.'s fair value estimate upward, signaling a shift in sentiment for the mid-cap banking sector as firms look toward 2026 for potential outperformance.
The Monetary Policy Committee is widely anticipated to maintain the Bank Rate at 3.75% in its first 2024 meeting, as policymakers balance stubborn price pressures against a fragile economic outlook, with future cuts remaining uncertain.
Bank of America pushes back against the recent tech stock rout, arguing investor fears of both weak AI returns and massive AI disruption are contradictory. The firm sees the selloff as a buying opportunity, forecasting AI infrastructure spending to hit $1.2 trillion by 2030.
The Massachusetts-based furniture retailer, a fixture since 1952, has ceased operations and filed for liquidation bankruptcy, leaving dozens unemployed and over $13 million in debts.
Bank of America has lowered its price target on Unity Software (NYSE: U) to $18, maintaining an Underperform rating and highlighting a significant valuation premium. The move contrasts with more bullish stances from other analysts who point to the company's AI-driven growth potential.
Barrick Gold Corporation sees a wave of analyst optimism as UBS, JPMorgan, and Scotiabank raise price targets, citing strong central bank demand, geopolitical uncertainty, and the stock's discounted valuation.
Spain's BBVA has joined the Qivalis consortium, a coalition of twelve major European banks building a euro-denominated stablecoin. The move signals a coordinated push by traditional finance to reclaim ground in the digital currency arena, currently dominated by U.S. issuers, under the new regulatory framework of MiCA.
The Bank of England is poised to hold interest rates at 3.75% this week, with economists now predicting the next cut will not arrive until May. The Monetary Policy Committee remains divided on the path forward, balancing cooling inflation against persistent structural pressures and political uncertainty.
Varo Bank has closed a $123.9 million Series G round led by Warburg Pincus and Coliseum Capital, while adding seasoned executives from Morgan Stanley and JPMorgan Chase to its board as it navigates growth amid ongoing losses.
Elon Musk's SpaceX is broadening its IPO syndicate, holding pitches with non-U.S. banks in January. The move comes as the company, now set to include xAI, prepares for a record-breaking public offering later this year that could value the combined entity at $1.25 trillion.
Financial technology provider Jack Henry & Associates reported robust second-quarter results, driven by solid revenue growth and margin expansion. The company raised its full-year guidance for a second consecutive quarter, citing sustained demand from banks and credit unions and a healthy sales pipeline.
Boston fintech startup EnFi has closed a $15 million funding round led by Fintop to expand its AI-powered credit decisioning agents. The technology aims to address a critical staffing shortage at regional banks, enabling them to process more loan applications efficiently and compete with larger institutions.
USAA and Regions Bank have confidentially settled their mutual patent infringement lawsuits over remote check deposit technology, bringing a contentious legal battle in a favored patent court to a close. Terms were not disclosed.
Leading British banks, including Barclays and HSBC, are reversing course and increasing mortgage costs as market expectations shift towards fewer interest rate cuts in 2024, with the Bank of England widely expected to hold its base rate at 3.75%.
