The bank’s aggressive move is an escalation in the ongoing battle between financial services incumbents and challenger fintechs. https://t.co/VF3VqoBvtE ...

The bank’s aggressive move is an escalation in the ongoing battle between financial services incumbents and challenger fintechs. https://t.co/VF3VqoAXE6 ...

Core Viewpoint - Charles Schwab reported stronger-than-expected second-quarter results, surpassing analyst estimates for both adjusted earnings per share and revenue, leading to a positive re-rating of the stock by major Wall Street analysts [1][2][3]. Financial Performance - The company achieved second-quarter adjusted earnings per share of $1.14, exceeding the consensus estimate of $1.07, with quarterly sales reaching $5.851 billion, a 25% year-over-year increase, surpassing projections of $5.651 billion [3]. - Charles Schwab concluded the quarter with $32.2 billion in cash and equivalents, while deposits were $233.1 billion, reflecting an 8% year-over-year decrease [4]. Analyst Ratings and Price Forecasts - JP Morgan analyst Kenneth B. Worthington maintained an Overweight rating, raising the price forecast from $100 to $117, citing strong performance driven by net interest income and elevated trading activity [5]. - Goldman Sachs analyst Alexander Blostein reiterated a Buy rating, increasing the price forecast from $103 to $110, with raised EPS estimates for 2025-2027 due to stronger-than-expected net interest income and disciplined expense management [10]. Trading and Revenue Insights - Trading revenue reached $952 million, showing an increase from both the previous quarter and year, with daily average trades climbing to 7.6 million [6]. - The company reported $5.9 billion in net revenue and a 50.1% adjusted pre-tax margin, exceeding projections [6]. Growth Initiatives - The upcoming launch of Bitcoin and Ethereum trading services is part of Schwab's strategic growth initiatives [2]. - The company reported $80 billion in net new assets, with a 4.9% annualized growth rate, and contributions from legacy Ameritrade clients more than doubled year over year [7]. Future Outlook - Analysts expect growth to resume in the second half of 2025, with a projected net revenue of $23.5 billion and adjusted EPS of $4.62 for fiscal 2025 [9]. - Goldman Sachs projects a 25% EPS CAGR through 2027, supported by solid fundamentals and expanding offerings [16].

Coinbase宣布：向客户推出接受美国商品期货交易委员会（CFTC）监管的连续期货，美国交易员现在 就可以接触到这种永续性的期货产品。 ...

We're back with final trade. Sat, you get to kick us off. Uh, Morgan Stanley, great earnings.Stock didn't do much. It's digesting. I think the future for Morgan Stanley, especially if you have M&A growth coming, is going to be really good.Weiss Netflix. It was my final trade on Friday. It's my final trade today.Unfairly penalized for the quarter and I still think it's a good opportunity. And tomorrow and the day after and the day after. Not not today though. Amy, not today.Cognex. This is an unloved stock. ...

Group 1 - Caisse Française de Financement Local plans to issue €60,000,000 Floating Rate Obligations Foncières due on 23 July 2040 [1] - The issuance date is set for 23 July 2025 [1] - The Base Prospectus for the €75,000,000,000 Euro Medium Term Note Programme was dated 10 June 2025 [1][2] Group 2 - The Base Prospectus has been approved by the Autorité des Marchés Financiers [2] - Final Terms related to the issue will be accessible on the Issuer's website and the Luxembourg Stock Exchange [2]

Apollo has pushed deeper into Wall Street’s digital frontier https://t.co/si4pi9seda ...

Group 1 - The liquidity contract between IPSOS SA and Exane BNP Paribas shows trading activity for the first half of 2025, with a total of 61,133 shares purchased for €2,677,607 across 780 transactions and 61,211 shares sold for €2,709,695 across 792 transactions [1] - In comparison, the second half of 2024 saw higher trading volumes, with 85,882 shares purchased for €4,591,737 and 81,783 shares sold for €4,399,216, indicating a decrease in trading activity in the first half of 2025 [1] - The report also references historical data from the liquidity account, including the implementation dates of AMF decisions affecting trading practices, which may provide context for the current trading figures [1]

Financial services firm Clear Street is cutting a small number of its London-based staff, less than a year after starting the UK business https://t.co/wChic2mLMi ...

Tech giant Block Inc (NYSE:XYZ) is charging 9% higher to trade at $79.21 at last glance, after news broke late last week it will be joining the S&P 500 Index (SPX) before the bell on Wednesday. Block stock will replace Hess (HES), after the company was purchased by Chevron (CVX) for $53 billionXYZ is now on track for a fourth-straight daily win, aiding in its attempt to erase some of its 7% year-to-date deficit. Should today's gains hold, the equity will log its best daily pop since May 12, though potential ...