Banks, asset managers, payments networks, insurers, fintech, crypto-linked companies, and the capital markets around them.
Bank of America’s stock climbed to a record level above $61 following a second-quarter earnings and revenue beat, with CEO Brian Moynihan citing a favorable environment for artificial intelligence investment.
THE APEX TIMES
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Coinbase Global said Paul Grewal, its chief legal officer, notified the company that he will step down, leaving the crypto exchange to name a successor.
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A court-appointed administrator is continuing to work through roughly 40,000 merchant claims in the long-running interchange-fee litigation, according to a quarterly status update cited in a market report.
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A new report says Visa is expanding its cross-border payments efforts with ACE Money Transfer, aiming to make digital remittances simpler while building more direct rails for moving money internationally.
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In a brief remark circulated by Yahoo Finance, JPMorgan CEO Jamie Dimon suggested investors should keep a close eye on how risks show up in real time, a theme that fits a market still digesting rate and credit uncertainty.
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The billionaire investor did not include the Gates Foundation among his annual charitable donations this year, according to reports, instead allocating close to $6 billion in Berkshire Hathaway stock to four foundations tied to his family.
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Analyst firm Baird increased its view of Mastercard’s shares, raising its target price while maintaining an “Outperform” stance on the payments company’s stock.
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The analyst firm raised its outlook for Visa’s shares to $412 from $370 while maintaining an “Outperform” stance, according to a market update published Tuesday.
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Goldman Sachs reported second-quarter performance that topped analysts’ expectations, with the firm pointing to strength across global banking and markets revenue.
