Bank stocks return higher as Goldman Sachs, Morgan Stanley beat S&P 500
Bank stocks have had a rough year. Lately they are showing signs of life. Since the end of June, five of the six largest US banks have outperformed the S&P 500’s 13% gain. Shares of Morgan Stanley and Goldman Sachs are up 20% and 19%, respectively. Wells Fargo is up 18%, while Citigroup and Bank of America each gained 17%. JPMorgan shares are up about 9% so far in the third quarter. Bank stocks sold off sharply in the first half of 2022 after two years of significant gains, pushed lower by a number of factors. Russia’s war in Ukraine…
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BHG Financial certified as a great place to work for the seventh year in a row
DAVIE, Fla., August 18, 2022 /PRNewswire/ — BHG Financialleader in unsecured personal and business loans, and creator of one of the nation’s largest networks of community banking products and loans, announced today that it has won a Great Place to Work® Certification™ for the 2022-2023 academic year. Great Place to Work® is the global authority on workplace culture, employee experience and leadership behaviors proven to deliver market-leading revenue, retention and innovation. BHG Financial certified as a great place to work for the seventh year in a row This is the seventh year in a row that BHG Financial has received…
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Go to knowledge: Social Security offices under fire and top financial news for August 18
Obradovic/iStock.com It’s Don’t Give Up Day, and we certainly hope you don’t give up despite the many challenges, financial and otherwise, that many of us face today. Take care and keep hauling. The big plus: The summer heat wave causes safety issues at Social Security offices The combination of hot weather and ongoing customer service issues at the Social Security Administration has created a worrisome issue this summer: safety concerns about Social Security clients who have to stand in the heat waiting enter the field offices. Bonus offer: Open a new Citi Priority account by 9/1/23 and earn up to…
Read More »Remove the financial burden from those struggling with ALS
ROCK HILL, SC (CN2 NEWS) – The Give Back Tour is a non-profit organization that works to raise money and awareness for a community member affected by ALS. ALS (Lou Gehrig’s disease) is a disease of the nervous system that weakens muscles and affects physical function. Derek Ingram was diagnosed with ALS last year when he was 37, and his story has led him to become the second recipient supported by the Give Back Tour. Derek, a husband and father of 3, is looking for experimental treatments to help with his disease, as there is currently no cure for ALS….
Read More »Allen Weisselberg, chief financial officer of the Trump Organization, pleads guilty to tax fraud | donald trump
Allen Weisselberg, Donald Trump’s company chief financial officer and one of his most trusted executives, pleaded guilty to tax violations on Thursday, further complicating the former president’s legal woes. Weisselberg, 75, has worked for the Trump family for five decades. He was accused of accepting more than $1.7 million in off-the-books compensation from the former president’s company, including untaxed perks like rent, car payments and school tuition. Asked repeatedly by Judge Juan Merchan whether he and the Trump Organization had engaged in criminal conduct in connection with the charges, Weisselberg repeated over and over, “Yes, your honor.” Weisselberg pleaded guilty…
Read More »HKD473.9M Net Southbound Trade Flow in TENCENT AASTOCKS Financial News
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Read More »Jobless claims fall as Fed seeks to cool labor market
Initial claims for jobless benefits fell slightly last week, though they were consistent with a higher drift in layoffs that began in the spring, the reported the Department of Labor Thursday. Jobless claims rose to 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the Dow Jones estimate of 260,000. The four-week moving average for claims, which helps smooth out weekly volatility, also fell 2,750 to 246,750. Earlier this year, claims had hit their lowest level in more than 50 years, but started to rise in April after bottoming out at 166,000. The four-week…
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Concourse Financial Group Welcomes Key Group |
The hybrid RIA practice with more 500 million dollars in assets has offices a New Jersey, Massachusetts i Arizonaand is made up of nine financial professionals. BIRMINGHAM, Ala., August 18, 2022 /PRNewswire/ — Concourse Financial Group (“Concourse”), a division of Protective Life Corporation (“Protective”), which supports more than 500 independent financial professionals nationwide, today announced the successful hiring of by Key Group Management, Inc. (“Key Group”), a hybrid RIA practice with more 500 million dollars in client assets and nine financial professionals. Key Group Management, Inc. is affiliated with Concourse Financial Group Securities, Concourse’s FINRA-registered broker-dealer. The key group is…
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