Financial shares

Focus Financial shares tumble after office hours as side bid is filed that mostly earns KKR and Stone Point without generating M&A capital

New York rollup stocks rose with RIA valuations, giving pre-IPO investors an exit window The two firms which invested a lot of money in Focus Financial Partners Inc. when it was unlucky are ready to try their luck by cashing in big, three years after the IPO. The New York-based roll-up announced after market close […]

Financial shares

Saudi stock market rises as financial stocks strengthen

DUBAI: Most major Middle Eastern stock markets ended higher on Sunday, with Saudi Arabia leading gains on the rise in financial stocks, while Egypt reversed the trend to close lower. Major Gulf markets had posted weekly gains on Thursday following the positive development of a COVID-19 vaccine, boosting hopes for a faster-than-expected global economic recovery. […]

Financial shares

Financial stocks under pressure; IndusInd Bank, RBL Bank slide up to 24%

Stocks in financial sectors, including banks and non-bank financial corporations (NBFCs), were under pressure, falling as much as 24% on the National Stock Exchange (NSE) on Monday, due to the expectation of a slowdown in growth due to concerns about the coronavirus. at 3:00 p.m. The Nifty Bank, Nifty Financial Services and Nifty Private Bank […]

Financial shares

The best performing hedge funds pile up on these financial shares

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE). drew anger | Getty Images Bank stocks may seem far from being the darlings of hedge funds, but some of the best and most discreet managers in the industry are doubling down. Each quarter, investors get a glimpse of an […]

Financial shares

Wall Street rally ends as financial stocks slide

NEW YORK (Reuters) – Financial stocks drove U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chairman Jerome Powell at the end of the week. The S&P 500 financial index .SPSY fell 1.4% and the group weighed the most on the benchmark among its major sectors, all […]

Financial shares

CANADA-TSX EQUITIES soars higher as financials rise

June 17 (Reuters) – The main Canadian stock index edged up on Monday, as shares of financial companies rose ahead of a key U.S. Federal Reserve policy meeting that could determine the path of future interest rate cuts. * The US central bank is expected to leave borrowing costs unchanged at the end of the […]

Financial shares

Provident Financial shares drop nearly 20% after profit warning

Provident Financial, the London-listed subprime lender, lost a fifth of its market value on Tuesday after it said it planned to report annual pre-tax profit in the lower end of the expectation range. The home-based lender said the warning reflected tighter underwriting and fewer new account bookings in the last quarter of the year. Provident […]