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MANTL Becomes First Fintech to Offer Plaid Layer
Prnewswire· 2025-07-09 14:00
The MANTL–Plaid Layer integration gives regional and community financial institutions the same instant onboarding experience offered by leading neobanksPLANO, Texas, July 9, 2025 /PRNewswire/ -- MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that it is the first fintech to resell and offer Plaid Layer, Plaid's instant onboarding technology used by the most innovative neobanks. Through this first-of-its-kind integration, MANTL empowers regi ...
LendingClub Schedules Second Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-07-08 20:05
SAN FRANCISCO, July 8, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), which operates America's leading digital marketplace bank, announced that it will report earnings for the second quarter of 2025 after the market closes on Tuesday, July 29, 2025. LendingClub will host a conference call to discuss the second quarter 2025 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.Submission of Conference Call QuestionsIn addition to questions asked live by analysts durin ...
Here's Why Green Dot Stock Is a Great Pick for Now
ZACKS· 2025-07-08 14:31
Core Viewpoint - Green Dot (GDOT) is a pro-consumer bank holding company that has shown strong performance over the past six months and is expected to maintain this momentum in the near term, making it a compelling addition to investment portfolios [1]. Performance Overview - GDOT's stock has returned 19.2% over the past six months, significantly outperforming the industry growth of 7.3% and the S&P 500 composite's rise of 5.5% [2]. - The company has a Zacks Rank of 1 (Strong Buy) and a VGM Score of A, indicating strong investment potential [3]. Earnings and Growth Prospects - GDOT has a solid earnings surprise history, exceeding the Zacks Consensus Estimate in two of the last four quarters, with an average earnings surprise of 5.6% [4]. - Current-year earnings estimates are at $1.22, reflecting a 9.9% growth over the past 60 days, while next year's earnings are projected to increase by 10.8% [4]. - Earnings estimates for 2025 and 2026 have risen nearly 10%, indicating expected double-digit growth [6]. Strategic Partnerships and Innovations - The partnership with Samsung enhances the Samsung Wallet with "Tap to Transfer" functionality, allowing users to send money quickly, thereby improving convenience and cross-platform compatibility [6]. - Green Dot's user-centric expansion strategy, combined with its Banking-as-a-Service (BaaS) model, allows it to power financial products for major brands like Walmart, Uber, and Apple, generating steady revenues from interchange fees and deposits [8]. Competitive Positioning - Green Dot's asset-light balance sheet differentiates it from other BaaS providers, enabling higher margins and reduced reliance on interest income, positioning the company strongly in the embedded finance space [8].
PNC Bank Introduces New Digital Direct Deposit Manager
Prnewswire· 2025-07-08 13:03
New PNC Mobile App functionality provides seamless client experience to manage direct deposit preferencesPITTSBURGH, July 8, 2025 /PRNewswire/ -- PNC Bank today announced the launch of a new feature, PNC Direct Deposit, that provides clients with the ability to easily set up direct deposits for payroll, Social Security payments or other regular income, directly from the PNC Mobile app."This integrated direct deposit solution is just another example of how PNC is continuously enhancing and improving the clie ...
Why Citizens Financial Group Stock Soared in June
The Motley Fool· 2025-07-06 11:23
Core Viewpoint - Citizens Financial Group's share price increased by nearly 11% in June due to a significant share repurchase plan and favorable results from the Federal Reserve's banking industry stress test [1][2]. Group 1: Share Repurchase Plan - Citizens Financial announced a $1.2 billion increase to its existing stock buyback program, bringing the total to $1.5 billion, which is substantial for a company with a market cap under $21 billion [2][4]. Group 2: Stress Test Results - The Federal Reserve's annual stress tests showed that all 22 major U.S. banks, including the "big four" (Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup), passed their evaluations, indicating that mid- and large-sized banks are generally in good health [5][6]. - Citizens Financial is tested every two years and was not part of this year's stress test, but the positive results for other banks suggest resilience in the banking sector [6][8]. Group 3: Financial Performance - Despite the positive market reaction, Citizens Financial's first-quarter revenue was stagnant, with a decline in average loans and leases, although net profit increased by 12% to $374 million due to a rise in non-interest income [9].
SoFi Stock Has Big News. Is Now the Time to Buy?
The Motley Fool· 2025-07-06 08:45
Group 1 - SoFi Technologies has seen a significant stock increase following a recent announcement, indicating a favorable time for investment [1] - The company is a rapidly growing digital bank, attracting members with low fees and an innovative financial experience, particularly targeting a young and mobile demographic [2] - SoFi's initial focus was on student loans, and it continues to target educated young professionals, with 90% of deposits coming from direct deposits, ensuring a strong cash flow [4] Group 2 - SoFi is consistently enhancing its service offerings, including access to IPOs and investment opportunities in private funds like SpaceX, as well as a robo-advisor in partnership with BlackRock [5] - The company plans to reintroduce cryptocurrency trading and develop additional crypto-related services, leveraging new regulatory guidelines to enhance its platform [6][7] - SoFi aims to provide global remittances and automate payments through its app, utilizing blockchain technology for cost-effective and efficient transactions [8] Group 3 - SoFi aspires to become a significant player in U.S. banking, targeting a position among the top-10 financial institutions, with a growing loan business supported by lower interest rates [9] - The financial services segment is expanding rapidly, with Q1 2025 adjusted net revenue reaching $771 million, a 33% year-over-year growth, and financial services revenue growing by 101% [10][11] - Despite a forward P/E ratio of 40, the company's high growth rate and potential justify its valuation, making it an attractive long-term investment option [12]
2 Soaring Stocks With More Upside Potential to Buy and Hold
The Motley Fool· 2025-07-04 12:15
Is it worth it to buy a stock after it experiences significant market gains? The answer is, it depends. Some companies don't have much growth fuel left in the tank after a nice run, while others still boast significant upside potential after juicy gains. It's best to stay away from the former, but the investing wisdom according to which we should "buy low" still applies to the latter.Let's consider two companies that have performed exceptionally well recently but still have excellent long-term prospects: Su ...
X @Bloomberg
Bloomberg· 2025-07-03 14:24
India’s central bank announces plans to withdraw excess liquidity from the banking system https://t.co/43dTGFGBuV ...
X @Bloomberg
Bloomberg· 2025-07-03 12:15
The White House is proving that independence is the worst form of central banking, says @johnauthers — except for all the others (via @opinion) https://t.co/eahYTbjJ2G ...