Bank ETFs jump as JPMorgan, Wells Fargo stocks surge after earnings results
Exchange-traded funds that buy bank stocks were rallying Friday, after JPMorgan Chase & Co. and Wells Fargo & Co. reported their third-quarter results.
The SPDR S&P Bank ETF was rising 1.9% on Friday morning, while the SPDR S&P Regional Banking ETF gained 2%, according to FactSet data, at last check.
» Read more about: Bank ETFs jump as JPMorgan, Wells Fargo stocks surge after earnings results »
Read MoreLatest Social Security News: 2025 COLA Just Announced and Upcoming Changes to Your Benefits
Editorial Disclosure: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, or other entity. This content has not been reviewed, approved or endorsed by any of these entities.
Social Security recipients will get a 2.5% cost-of-living boost in 2025, smaller than in recent past
WASHINGTON — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday.
The cost-of-living adjustment, or COLA, for retirees translates to an average increase of more than $50 for retirees every month,
Read MoreStock market today: Dow, S&P 500, Nasdaq futures tread water as big bank earnings roll in
US stock futures on Friday as big US banks got earnings season underway and investors weighed the likely impact of a hot inflation print on Federal Reserve policy.
Dow Jones Industrial Average futures (YM=F) hovered slightly below the flatline, paring deeper premarket losses as big bank financial updates rolled in.
Read MoreBanking lobbies back Fed in debit swipe fee suit
For the second time this year, banking trade groups have taken the Federal Reserve’s side in pending litigation.
The Bank Policy Institute and The Clearing House filed a joint motion on Wednesday to intervene on the Fed’s behalf in its ongoing lawsuit with Corner Post,
» Read more about: Banking lobbies back Fed in debit swipe fee suit »
Read MoreThe Burst
The Ivy
24.1% Upside In This Gig Economy Stock?
One thing the pandemic and resulting Great Resignation have demonstrated well is that the gig economy is here to stay. Sure, there have always been self-employed people and freelancers, but working from home has become the new normal for millions. One gig economy company sits at the center of this tectonic shift: Fiverr International Ltd (FVRR),
» Read more about: 24.1% Upside In This Gig Economy Stock? »
Read More