Global bank stocks tumble following ‘FinCEN files’ revelations

A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase, Deutsche Bank and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the U.S. imposed penalties on these financial institutions.



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The report, based on leaked documents obtained by BuzzFeed News and shared with the consortium, said that in some cases the banks kept moving illicit funds after receiving warnings from U.S. officials.

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Bank stocks in Europe were down sharply on the news.

The documents identified more than $2 trillion in transactions between 1999 and 2017 that were flagged by financial institutions’ internal compliance officers as possible money laundering or other criminal activity, the report said. The top two banks are Deutsche Bank, which disclosed $1.3 trillion of suspicious money in the files, and JPMorgan, which disclosed $514 billion, the analysis found. Other lenders

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Is CoreLogic (CLGX) Outperforming Other Business Services Stocks This Year?

TipRanks

Wells Fargo: 3 Stocks That Could Climb Over 50%

A speculative fever from the bulls pushed the market to historic heights, but have the bears now been vindicated? Following a record breaking five-month rally, stocks have dipped from their record highs. The recent decline had been preceded by warnings, which had been making the rounds for weeks, that a reality check was overdue. Weighing in for Wells Fargo, senior global equity strategist Scott Wren stated, “We have not had much give back in this gigantic run that we’ve had. So inevitably the stock market sell-off was bound to happen.” This, however, is not to say that exciting plays can’t be found in the current financial environment. “Certainly, pullbacks are opportunities in our minds,” the strategist explained.Taking Wren’s strategy to heart, the analysts at Wells Fargo are pounding the table on three stocks. According to these pros, each could gain

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Has DocuSign (DOCU) Outpaced Other Business Services Stocks This Year?

Investors focused on the Business Services space have likely heard of DocuSign (DOCU), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.

DocuSign is a member of the Business Services sector. This group includes 194 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DOCU is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for DOCU’s full-year earnings has moved

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7 Growth Stocks Prepared for a Summer Surge

In terms of market volatility, this year is definitely one for the books. 2020 saw market movements that would normally take decades, compressed into a single year. With unemployment rates at their highest and businesses facing the risk of bankruptcy, the economy hit some new lows this year. However, a period of downturn also presents a unique opportunity for investors to load up on growth stocks to buy at a discounted price.

Historically speaking, a bear market in the S&P 500 was always replaced by a bull market rally in the years before Covid-19.

While it’s hard to remain optimistic in uncertain times, investors need to take a long-term approach when investing in stocks. Some companies are likely to emerge from the pandemic as losers. Others will come out of this stronger than ever.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Here are seven growth stocks that

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5 Coronavirus-Proof GARP Stocks to Pick on Discounted PEG

Investors have been agonized by the coronavirus pandemic-triggered market sell offs. However, the benchmark indices touched a fresh high two days back, thanks to the positive sentiment surrounding the news of the U.S. government placing an initial vaccination order of 100 million doses to Pfizer and BioNTech.

Policymakers have left no stone unturned to provide an impetus to the market. The Fed slashed the benchmark interest rate to nearly zero and a quantitative easing program too was announced to increase money supply. President Trump signed economic relief packages to help small businesses, hospitals as well as to boost testing.

Now the big question is which investment strategy can you resort to right now?  Some investors have managed to bridge the gap between value and growth with a hybrid strategy of investment called GARP (growth at a reasonable price). Their theory suggests that the principles of both value and growth strategies

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Wedbush Sees Buying Opportunity in These 3 Stocks

Sometimes, the buying opportunities aren’t so obvious. It’s the job of Wall Street’s investment and research firms to clarify the situation – and Wedbush has been at the forefront of stock research for 65 years. The firm’s cadre of 52 analysts have more than 3,400 reviews on record – their collective finger is on the pulse of the stock market. And in recent weeks, they have pointed out three stocks that investors should consider buying.

We’ve used the TipRanks database to pull up the details on these stocks. They’re an eclectic bunch, covering a variety of business sectors, and Wedbush’s analysts see a far higher upside potential for each of them than Wall Street’s conventional wisdom would allow. Two of these stocks have been upgraded to Buy; one has been initiated at a Buy. Let’s find out why.

Harley-Davidson (HOG)

First on our list is one of the world’s most

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Stocks Rally to 4-Month High; U.S. Futures Gain: Markets Wrap

(Bloomberg) — Stocks set a fresh four-month high in Europe and German equities erased losses for the year after leaders agreed on a landmark recovery plan.

Microsoft Corp., Tesla Inc. and Apple Inc. advanced in U.S. pre-market trading. S&P 500 Index equity futures pointed to more gains on Tuesday after a blistering rally that sent the Nasdaq 100 Index to its best gain in almost three months.

Markets across Europe have given a vote of confidence to the 750 billion-euro ($860 billion) stimulus package that also tightens the region’s financial ties. A gauge of risk in Europe’s investment-grade debt dropped to the lowest since February. The dollar fell with Treasuries. Silver extended its rally toward $21 an ounce.

Stocks are marching higher globally on the back of more government stimulus and a seemingly unstoppable advance in technology companies that benefit from online shopping during the pandemic.

The tech-heavy gauge is

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8 High-Risk Stocks

Number 8
Number 8

As equity markets continue to recover after the collapse earlier in the year, many shares are now overvalued, according to Morningstar analysts.

Investors looking to capitalise on lockdown trends have chased e-commerce, tech and healthcare stocks, driving valuations ever higher. Indeed, Tesla’s (TSLA) shares have soared 200% this year, for example, while Shopify (SHOP)  is up nearly 140%. Such a rapid upward trajectory may not be a signal to buy, however – analysts warn many of these hot stocks are looking expensive.

UK Stocks to Avoid

We last looked stocks to avoid in April when valuations were starting to move higher after March’s sell-off.

To compile this list we look at stocks with an Uncertainty Rating of High or Very High, which have no Economic Moat, and which are rated as either one or two stars by Morningstar analysts, indicating that their shares are trading above their fair

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5 Business Services Stocks to Buy While Pandemic Continues

Wall Street has been reeling under volatility since mid-June, following the second wave of coronavirus in more than 20 U.S. states. New cases of COVID-19 jumped as all 50 states started reopening after nearly two months of lockdowns. The resurgence of the deadly virus has raised several questions about the much-hyped, V-shaped recovery of the U.S. economy.

Despite the resurgence of coronavirus, several business service stocks have skyrocketed in the past three months. A handful of them carries a favorable Zacks Rank.

Sector Looks Promising

The business services sector comprises consulting, staffing, financial tractions, outsourcing, advertising, waste removal, building maintenance, technology services and auction/valuation services industries. This sector benefited from a higher demand for expertise to improve operational efficiency and reduce costs.

U.S.states eased restrictions and started to open up their economies in the last week of May. This favored the sector following nearly two months of lockdowns. Although, some

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