January 26, 2021
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Experian’s organic revenue comes in 7% higher in the fiscal third quarter
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Experian’s organic revenue comes in 7% higher in the fiscal

admin January 19, 2021

Experian plc (LON: EXPN) said on Tuesday that its organic revenue at constant exchange rates saw a 7% annualised growth in the fiscal third quarter. The company also expressed confidence that its full-year performance will also remain resilient. CEO Brian Cassin commented on the quarterly update on Tuesday and said: “Experian is performing very well, even in the exceptional circumstances created by the pandemic, and we expect to deliver a strong performance for this financial year.” Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Experian shares, that you can learn to buy online here, Read More

Pandemic housing boom means affordability is no longer just a big-city problem
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Pandemic housing boom means affordability is no longer just a

admin January 16, 2021

Canada’s housing market closed 2020 with a bang — another record-setting month for both home sales and prices.The number of existing properties that changed hands in December was 47 per cent higher than in December of 2019, the largest year-over-year increase in 11 years, according to data released Friday by the Canadian Real Estate Association. The benchmark home price of a home, meanwhile, was 13 per cent higher. Read more: Canadian homes sales surge 47% year-over-year in December, prices up 13% The last time Canada saw a similar real estate frenzy was in 2016, which set the previous record for homes sold in a year, and early 2017 Read More

Canada’s top jobs with the fastest-growing demand in 2021: Randstad
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Canada’s top jobs with the fastest-growing demand in 2021: Randstad

admin January 16, 2021

After months of gradual gains, Canada’s labour market is in a funk again.Statistics show the economy shed 63,000 positions in December, and many analysts expect the trend to continue as governments tighten COVID-19 restrictions amid rising case counts. But while the new round of lockdowns is once again disproportionately hitting the same service-sector industries that saw the steepest job losses in March and April, a new report by Randstad, one of the world’s largest HR firms, shows the pandemic is also creating new roles in other corners of the economy. Read more: Canada sheds 63K jobs in December, Read More

PNC Financial’s revenue slides to £3.10 billion in fiscal Q4
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PNC Financial’s revenue slides to £3.10 billion in fiscal Q4

admin January 15, 2021

PNC Financial Services Group Inc. (NYSE: PNC) said on Friday that its profit came in better than last year in the fiscal fourth quarter as it released funds that it had previously set aside for credit losses. The company also expressed confidence that macroeconomic conditions were now showing signs of improvement. PNC Financial opened more than 2.5% down on Friday. The stock is now trading at £115 per share. In comparison, it had tumbled to as low as £60 per share in the last week of March 2020. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. PNC Read More

Wells Fargo says its profit topped Wall Street estimates in Q4
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Wells Fargo says its profit topped Wall Street estimates in

admin January 15, 2021

Wells Fargo & Co. (NYSE: WFC) said on Friday that its profit in the fiscal fourth quarter came in better than expected. But its revenue slid more than what analysts had anticipated in Q4. The bank said that its net interest income took a hit due to COVID-19 driven lower interest rates. Wells Fargo slid a little under 5% in premarket trading on Friday. Including the price action, the U.S. bank is now trading at £24.36 per share versus a significantly lower £15.50 per share in the last week of October. Learn more about how do people make money on the stock Read More

Citigroup’s revenue misses estimates in the fourth quarter
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Citigroup’s revenue misses estimates in the fourth quarter

admin January 15, 2021

Citigroup Inc. (NYSE: C) said on Friday that its earnings in the fiscal fourth quarter came in better than expected. Revenue, it added, printed slightly lower than what analysts had anticipated. CEO Mike Corbat commented on the quarterly report on Friday and said: “As a sign of the strength and durability of our diversified franchise, our revenues were flat to 2019, despite the massive economic impact of COVID-19.” Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Citigroup shares were reported close to 1.5% down in premarket trading on Friday. The stock is currently trading at £49.66 Read More

JP Morgan tops analysts’ estimates for earnings and revenue in Q4
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JP Morgan tops analysts’ estimates for earnings and revenue in

admin January 15, 2021

JP Morgan Chase & Co. (NYSE: JPM) reported its financial results for the fiscal fourth quarter on Friday that topped analysts’ estimates for earnings and revenue. The company attributed its hawkish performance to releasing money that it had previously set aside to cover for bad loans. JP Morgan shares, that you can learn to buy online here, were reported less than 1% down in premarket trading on Friday. Including the price action, the U.S. investment bank is now trading at £102.47 per share. In comparison, it had plummeted to as low as £57.84 per share in the last week of March 2020. Are Read More

Ashmore reports a 9% growth in assets under management
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Ashmore reports a 9% growth in assets under management

admin January 15, 2021

Ashmore Group plc (LON: ASHM) said on Friday that its assets under management (AUM) saw a 9% annualised growth in the fourth quarter of 2020. The company valued its total AUM at £68.06 billion at the end of the year. Ashmore Group was reported more than 2% up in premarket trading on Friday, but it lost almost half of the intraday gain on market open. The money manager is now trading at a per-share price of 451 pence versus a low of 307 pence per share in the first week of April 2020. The price action should come in handy if you are interested in investing in Read More

Analyst previews bank earnings: ‘going to be messy’
Economy Finance & banking

Analyst previews bank earnings: ‘going to be messy’

admin January 14, 2021

Bank stocks are on deck to report earnings as soon as Friday morning. One bank analyst expects reports to be "messy." But what matters more is the group's 2021 outlook and confirmation of buyback programs. Earning season for the bank sector kicks off Friday morning and it is “going to be messy,” according to one notable banking analyst. As expected: rough year for banks It goes without saying that 2020 was a rough year for the bank sector as the group, The Wall Street Journal reported. Bank profits plummeted in early 2020 as companies were forced to set aside a Read More

Joe Biden set to unveil stimulus plan to jump-start U.S. economy
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Joe Biden set to unveil stimulus plan to jump-start U.S.

admin January 14, 2021

President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed US$1.5 trillion and help minority communities.Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that pledge into action with an influx of resources for the coronavirus vaccine rollout and economic recovery. Read more: Some of the 10K National Guard troops at Biden’s inauguration will be armed: officials The incoming administration will work with Congress on the quick Read More

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