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Banc of California is expected to keep leading regional banks higher as PacWest deal ignites sector
A private-equity cash infusion is part of the merger between PacWest and Banc of California. One analyst expects a wave of deals for smaller banks.
How you can profit in the stock market from an incredible financial services trend over the next 20 years
The coming "great wealth transfer" has been covered, but right now stocks of companies set to ride a two-decade growth wave are trading at low valuations.
Biogen agrees to acquire Reata Pharmaceuticals for $7.3 billion to boost its rare-disease offering
Biogen's all-cash deal is a rare-disease play.
T. Rowe Price’s stock rises on stronger-than-expected profit
Stock snaps a three-day losing streak and is on pace for largest percentage increase since Nov. 10, 2022, when it rose 16.36%.
AstraZeneca strikes $1 billion deal for Pfizer rare-disease gene therapies
Stock gains 5% after AstraZeneca's second-quarter results top analyst expectations.
Intel, Reata Pharma and Roku rally, and other movers
Roku's stock rallies after the streamer's results beat expectations.
U.S. dollar volume of merger deals drops 31%
U.S. merger and acquisition dollar volume is down 31% to $667.6 billion so far in 2023, compared to the year-ago level, the London Stock Exchange Group said late Thursday. Meanwhile, global equity capital markets activity...
Arrival of spot bitcoin ETF is unlikely to trigger the crypto’s further rally. Here’s why.
The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
FDIC approves proposed capital requirements for U.S. banks
U.S. regulators reacted to the regional-bank crisis from earlier this year, implementing the international Basel III banking rules created after the 2008 crisis.
Breaking Dow falls 230 points, stocks drop as Treasury yields climbs above 4%
U.S. stocks were heading lower in the final hour of trade Thursday as long-term Treasury rates shot above 4% and a surprisingly resilient U.S. economy ramped up concerns of the Federal Reserve needing to keep rates higher ...
Mastercard earnings bring latest signal of healthy spending
Mastercard joined other payments companies in calling out healthy spending levels as it beat profit expectations for its latest quarter.
MGIC Investment stock rises toward a 15-year high as dividend increase boosts yield above 2.7%
Shares of MGIC Investment Corp. MTG rose 0.4% toward a 15-year high, after the mortgage insurance company raised its dividend by 15%. Shareholders of record on Aug. 10 will be paid, on Aug. 24, a quarterly dividend of 11.5...
Megabank head count holds nearly steady in second quarter as lenders compete for business
JPMorgan Chase's second-quarter hiring helped keep combined employment at the six major U.S. banks about flat, as four of the banks reduced their numbers.
T. Rowe Price cuts 2% of staff or about 150 people
T. Rowe Price Group Inc. TROW has reduced its global head count by 2%, or about 150 people, a spokesperson for the firm confirmed to MarketWatch. The job cuts took place last week in a “difficult decision” for the firm, th...
Mastercard moves to stop cannabis purchases with its debit cards
Mastercard Inc. has demanded that U.S. financial institutions block cannabis purchases on its debit cards, in another setback for the legal marijuana industry.
Barclays shares slump on revenue miss, reduced guidance
Continuing what's been a difficult week for U.K.-headquartered banks, Barclays shares fell as much as 7% on Thursday as the bank reported revenue below expectations and reduced its margin guidance.
New York Community Bancorp’s profit up 148% with boost from Signature Bank acquisition, as stock rises
Profit tops analyst estimates as bank absorbs business from its purchase of Signature Bank in a deal brokered by the Federal Deposit Insurance Co.
FTX founder Sam Bankman-Fried should be jailed until trial, prosecutor says, citing bail violations
Prosecutors have concluded that no bail conditions will ensure SBF wouldn’t try to tamper with or influence witnesses.
LendingClub stock falls 5% after lender says ‘headwinds’ likely to persist
Shares of LendingClub Corp. LC dropped more than 5% in the extended session Wednesday after the financial services company beat quarterly earnings expectations but said that it expected “headwinds” to persist. LendingClub ...
Regional-bank stocks add to gains on Fed move and after PacWest deal suggests stabilization in sector
The SPDR S&P Regional Banking ETF moved up after PacWest agreed to be acquired by Banc of California and added to gains on news of the Fed's interest-rate hike.
