Latest news with #financialstocks
Globe and Mail
28-05-2025
- Business
- Globe and Mail
Wednesday's Insider Report: This trio of financial stocks sees sizeable sales
Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. An insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units. Listed below is a stock that has had recent buying activity in the public market reported by large shareholder. Morguard Corp. (MRC-T) On May 23, Sime Armoyan, with an ownership position exceeding 10 per cent, invested over $582,000 in shares of Morguard. She acquired 5,200 shares at a cost per share of $111.9788 for an account in which she has control or direction over (G2S2 Capital Inc.), lifting the holdings in this specific account to 1,272,023 shares. ** Listed below are three financial stocks that have had recent selling activity in the public market reported by insiders. CI Financial Corp. (CIX-T) On May 22 and 23, Brigette Chang, who sits on the board of directors, sold a total of 60,100 shares at an average price per share of approximately $31.41 leaving 8,779,440 shares in this particular account. Proceeds from the sales totaled more than $1.8-million, excluding commission charges. Great-West Lifeco Inc. (GWO-T) On May 26, president and chief operating officer of Europe and capital and risk solutions David Harney exercised his options, receiving 36,100 shares at an average cost per share of approximately $35.344, and sold 36,100 shares at a price per share of $51.8485, after which this particular account held 1,786 shares. Net proceeds totaled over $595,000, not including any associated transaction fees. iA Financial Corporation Inc. (IAG-T) On May 26, executive vice-president, chief growth officer Canadian operations Pierre Miron exercised his options, receiving 15,000 shares at a cost per share of $57.87, and sold 15,000 shares at a price per share of $140.2926, after which this particular account held 4,900 shares. Net proceeds exceeded $1.2-million, excluding any associated transaction charges. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Globe and Mail
18-05-2025
- Business
- Globe and Mail
Ratings Fallout, Housing and Other Key Things to Watch this Week
Stock Market This Week: Five Themes To Watch The stock market faces significant uncertainty heading into this week following Moody's unexpected downgrade of U.S. sovereign debt late Friday, which sent futures tumbling and threatens to overshadow other market catalysts. The S&P 500 ($SPX) (SPY) had shown resilience throughout last week, but this ratings action creates a potentially volatile environment as traders assess implications for Treasury yields, the dollar, and broader market sentiment while navigating a full calendar of economic releases and earnings reports. Here are 5 things to watch this week in the Market. Sovereign Debt Rating Fallout Market reaction to Moody's downgrade of U.S. government debt will likely dominate trading early in the week, with potential ripple effects across asset classes and geographies. This marks the first major ratings action on U.S. sovereign debt since 2011, raising concerns about debt sustainability and fiscal policy direction. Treasury yields, which influence everything from mortgage rates to corporate borrowing costs, could see significant volatility as international investors reassess risk premiums for U.S. government securities. Financial stocks may experience heightened sensitivity to these developments, while defensive sectors could benefit from flight-to-safety positioning. The downgrade's timing creates additional complexity as investors simultaneously process this news alongside upcoming economic data and earnings reports. With U.S. debt serving as the world's primary risk-free benchmark, the market's adjustment process could influence trading dynamics throughout the week and potentially beyond. Housing Market Momentum This week brings a comprehensive view of the housing market with Thursday's Existing Home Sales report at 10am followed by Friday's New Home Sales data at 10am. These back-to-back releases will provide crucial insights into residential real estate activity across both new construction and previously owned properties, particularly important as investors gauge whether rising Treasury yields following the ratings downgrade could further pressure mortgage rates. The housing sector's importance extends beyond homebuilders to mortgage lenders, home improvement retailers, and consumer durables manufacturers. Home Depot (HD) reports Tuesday, offering additional perspective on home improvement spending trends and consumer confidence in property investments. Together, these data points will help assess whether housing, historically a leading indicator of economic direction, is signaling continued resilience or developing weakness amid evolving financial conditions. Retail Sector Health A cluster of important retail earnings arrives this week, headlined by Home Depot (HD) on Tuesday, followed by TJX Companies (TJX) and Target (TGT) on Wednesday. These reports will provide valuable insights into consumer spending patterns across different price points and merchandise categories at a time when market volatility could impact consumer confidence. Management commentary on forward guidance will be closely scrutinized for any acknowledgment of changing customer behavior in response to financial market turbulence or concerns about economic stability. Retail stocks often serve as important barometers of economic sentiment, making these earnings particularly significant following major financial news. With consumption representing approximately 70% of economic activity, these reports could either reinforce or counterbalance concerns stemming from the sovereign rating action. Economic Activity Indicators Thursday brings a comprehensive view of economic momentum with Initial Jobless Claims at 8:30am followed by Manufacturing and Services PMI readings at 9:45am. These reports will help investors assess whether the U.S. economy maintains sufficient underlying strength to weather potential financial market turbulence resulting from the ratings downgrade. The PMI components on new orders, employment, and prices will provide valuable forward-looking indicators about business confidence and inflation pressures. Companies reporting this week, including Palo Alto Networks (PANW), Snowflake (SNOW), and Medtronic (MDT), will offer additional perspective through their results and guidance on whether business spending remains resilient despite macroeconomic uncertainties. Together, these indicators will help determine whether economic fundamentals can overcome financial market concerns. Energy Market Dynamics Wednesday's Crude Oil Inventories report at 10:30am will provide important insights into energy supply-demand dynamics amid potential dollar volatility following the ratings action. Oil prices, typically denominated in dollars, often show inverse relationships to dollar strength, creating potential for significant energy price movements as currency markets digest the sovereign debt news. Additionally, oil prices serve as important inputs for inflation expectations, which influence Treasury yields and Fed policy expectations. Energy stocks have shown relative strength during recent market volatility, and this data could influence whether that outperformance continues in a potentially more complex macro environment. Beyond direct energy sector implications, the report also offers perspective on transportation activity and industrial demand, providing broader economic signals at a time when markets are particularly sensitive to growth indicators. Best of luck this week and don't forget to check out my daily options article.
Yahoo
18-05-2025
- Business
- Yahoo
3 Financial Stocks to Buy With $3,000 and Hold Forever
Robinhood could keep pulling investors away from traditional brokerages. Nu has a first mover's advantage in Latin America's fertile digital banking market. Coinbase is outlasting many of its rivals in the cryptocurrency exchange market. 10 stocks we like better than Robinhood Markets › Many financial stocks endured wild swings over the past few years as interest rates spiked and fell. Rising rates throttled economic growth and drove many investors away from stocks, cryptocurrencies, and other riskier investments. While higher rates helped banks and other lenders collect higher interest payments, they also caused individuals and businesses to take out fewer loans. But over the long term, many financial stocks should continue to rise as new investors enter the market and more unbanked individuals sign up for banking services. Let's take a look at three of those stocks that are worth buying today and holding forever with a modest $3,000 investment: Robinhood Markets (NASDAQ: HOOD), Nu Holdings (NYSE: NU), and Coinbase Global (NASDAQ: COIN). Robinhood, which was founded in 2013, attracted a lot of younger investors with its commission-free trades, streamlined mobile app, and gamified approach to investing. From 2021 to 2024, its number of year-end funded accounts rose from 22.7 million to 25.2 million, its assets under custody nearly doubled from $98 billion to $193 billion, and its annual revenue rose from $1.82 billion to $2.95 billion. It sells its trades to high-frequency trading (HFT) firms to subsidize its free trades. Robinhood experienced a major growth spurt in 2020 and 2021 when the meme stock mania drew in millions of new investors. But its business cooled off in 2022 and 2023 as inflation and rising interest rates crushed many of those speculative investments. But in 2024, Robinhood recovered as interest rates declined, investors rotated toward riskier growth stocks and cryptocurrencies again, and it expanded its ecosystem to include its Cash Card, subscription-based Gold tier, and a broader range of digital payment services. From 2024 to 2027, analysts expect its revenue to increase at a compound annual growth rate (CAGR) of 15% as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increases at a CAGR of 19%. With an enterprise value of $57.3 billion, it still doesn't look too expensive at 32 times this year's adjusted EBITDA -- and it should be a reliable long-term investment. Nu, which operates in Brazil, Mexico, and Colombia, owns the top online bank in Latin America. From 2021 to 2024, its number of year-end customers more than tripled from 33.3 million to 114.2 million, while its activity rate (its active customers as a ratio of its total customers) rose from 76% to 83%. During those three years, its revenue grew at a CAGR of 89%. It also turned profitable in 2023 and its net income surged 91% in 2024. As a digital-only bank, Nu expanded much faster than its brick-and-mortar competitors while locking in its customers with an increasing number of checking, credit card, lending, insurance, investment, cryptocurrency, e-commerce, and business-oriented services. It's also strengthening its ecosystem with more artificial intelligence (AI)-driven analytics tools, chatbots, and cybersecurity services. More than a quarter of Latin America's population remains unbanked, according to Global Findex, which leaves Nu plenty of room to expand. From 2024 to 2027, analysts expect its revenue to rise at a CAGR of 32% as its net income increases at a CAGR of 38%. Those are stellar growth rates for a stock that trades at just 27 times this year's earnings. Coinbase is one of the world's largest cryptocurrency exchanges. It generates most of its revenue from its trading fees, so it experienced a severe slowdown in 2022 as rising rates chilled the market and unleashed a new "crypto winter." But even after riding out that downturn, its year-end assets on platform still increased from $278 billion in 2021 to $404 billion in 2024. A lot of that growth was driven by the approval of the first Bitcoin exchange-traded funds (ETFs), which used Coinbase as their primary custodian. Coinbase's annual revenue still fell from $7.8 billion in 2021 to $6.6 billion in 2024, but analysts expect it to grow at a CAGR of 6.5% to $7.9 billion in 2027. Investors should take those estimates with a grain of salt, since they're tethered to the unpredictable crypto market, but they indicate its volatile business will gradually stabilize. Its adjusted EBITDA is expected to dip from $3.35 billion in 2024 to $3.26 billion in 2027 as it ramps up its investments, but the expansion of its platform with more features -- including its smart wallets, tools for developing Ethereum-based decentralized apps, and its Coinbase One subscription plans -- could lock in more of its investors. With an enterprise value of $60.8 billion, Coinbase isn't cheap at 8 times this year's sales. But it's outlasted other major exchanges like FTX, which collapsed in 2022, and its top competitor, Binance, is being scrutinized by regulators. So if you're bullish on the crypto market, Coinbase could still be a good "forever" stock -- as long as you can tune out the noise and stomach its near-term volatility. Before you buy stock in Robinhood Markets, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Robinhood Markets wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool recommends Nu Holdings. The Motley Fool has a disclosure policy. 3 Financial Stocks to Buy With $3,000 and Hold Forever was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
18-05-2025
- Business
- Globe and Mail
3 Financial Stocks to Buy With $3,000 and Hold Forever
Many financial stocks endured wild swings over the past few years as interest rates spiked and fell. Rising rates throttled economic growth and drove many investors away from stocks, cryptocurrencies, and other riskier investments. While higher rates helped banks and other lenders collect higher interest payments, they also caused individuals and businesses to take out fewer loans. But over the long term, many financial stocks should continue to rise as new investors enter the market and more unbanked individuals sign up for banking services. Let's take a look at three of those stocks that are worth buying today and holding forever with a modest $3,000 investment: Robinhood Markets (NASDAQ: HOOD), Nu Holdings (NYSE: NU), and Coinbase Global (NASDAQ: COIN). The disruptive brokerage: Robinhood Robinhood, which was founded in 2013, attracted a lot of younger investors with its commission-free trades, streamlined mobile app, and gamified approach to investing. From 2021 to 2024, its number of year-end funded accounts rose from 22.7 million to 25.2 million, its assets under custody nearly doubled from $98 billion to $193 billion, and its annual revenue rose from $1.82 billion to $2.95 billion. It sells its trades to high-frequency trading (HFT) firms to subsidize its free trades. Robinhood experienced a major growth spurt in 2020 and 2021 when the meme stock mania drew in millions of new investors. But its business cooled off in 2022 and 2023 as inflation and rising interest rates crushed many of those speculative investments. But in 2024, Robinhood recovered as interest rates declined, investors rotated toward riskier growth stocks and cryptocurrencies again, and it expanded its ecosystem to include its Cash Card, subscription-based Gold tier, and a broader range of digital payment services. From 2024 to 2027, analysts expect its revenue to increase at a compound annual growth rate (CAGR) of 15% as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increases at a CAGR of 19%. With an enterprise value of $57.3 billion, it still doesn't look too expensive at 32 times this year's adjusted EBITDA -- and it should be a reliable long-term investment. The digital bank: Nu Holdings Nu, which operates in Brazil, Mexico, and Colombia, owns the top online bank in Latin America. From 2021 to 2024, its number of year-end customers more than tripled from 33.3 million to 114.2 million, while its activity rate (its active customers as a ratio of its total customers) rose from 76% to 83%. During those three years, its revenue grew at a CAGR of 89%. It also turned profitable in 2023 and its net income surged 91% in 2024. As a digital-only bank, Nu expanded much faster than its brick-and-mortar competitors while locking in its customers with an increasing number of checking, credit card, lending, insurance, investment, cryptocurrency, e-commerce, and business-oriented services. It's also strengthening its ecosystem with more artificial intelligence (AI)-driven analytics tools, chatbots, and cybersecurity services. More than a quarter of Latin America's population remains unbanked, according to Global Findex, which leaves Nu plenty of room to expand. From 2024 to 2027, analysts expect its revenue to rise at a CAGR of 32% as its net income increases at a CAGR of 38%. Those are stellar growth rates for a stock that trades at just 27 times this year's earnings. The crypto exchange: Coinbase Coinbase is one of the world's largest cryptocurrency exchanges. It generates most of its revenue from its trading fees, so it experienced a severe slowdown in 2022 as rising rates chilled the market and unleashed a new "crypto winter." But even after riding out that downturn, its year-end assets on platform still increased from $278 billion in 2021 to $404 billion in 2024. A lot of that growth was driven by the approval of the first Bitcoin exchange-traded funds (ETFs), which used Coinbase as their primary custodian. Coinbase's annual revenue still fell from $7.8 billion in 2021 to $6.6 billion in 2024, but analysts expect it to grow at a CAGR of 6.5% to $7.9 billion in 2027. Investors should take those estimates with a grain of salt, since they're tethered to the unpredictable crypto market, but they indicate its volatile business will gradually stabilize. Its adjusted EBITDA is expected to dip from $3.35 billion in 2024 to $3.26 billion in 2027 as it ramps up its investments, but the expansion of its platform with more features -- including its smart wallets, tools for developing Ethereum -based decentralized apps, and its Coinbase One subscription plans -- could lock in more of its investors. With an enterprise value of $60.8 billion, Coinbase isn't cheap at 8 times this year's sales. But it's outlasted other major exchanges like FTX, which collapsed in 2022, and its top competitor, Binance, is being scrutinized by regulators. So if you're bullish on the crypto market, Coinbase could still be a good "forever" stock -- as long as you can tune out the noise and stomach its near-term volatility. Should you invest $1,000 in Robinhood Markets right now? Before you buy stock in Robinhood Markets, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor 's total average return is975% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool recommends Nu Holdings. The Motley Fool has a disclosure policy.
Reuters
07-05-2025
- Business
- Reuters
Foreign investors boost purchases of India's financial shares in April
May 7 (Reuters) - Foreign portfolio investors scooped up India's financial stocks in the second half of April, which saw the third-highest monthly inflows into the sector, data from the National Securities Depository showed on Wednesday. FPIs bought 184.09 billion rupees ($2.18 billion) of shares of financial firms in April, helping the Nifty Financial Services index (.NIFTYFIN), opens new tab rise 4.1%. Inflows of $2.71 billion in the second half of April were the highest on record for a fortnight. In April, foreign investors net bought Indian shares for the first time in 2025, pushing the benchmark Nifty 50 index (.NSEI), opens new tab 3.5% higher. "The reversal of foreign outflows is attributed to easing global trade tensions, expectations of a U.S.-India trade agreement and attractive valuations," Bajaj Broking said in its monthly market outlook. The buying streak may continue if India's economic outlook remains strong, it said. The U.S. paused its reciprocal tariffs on April 9, and signalled during the month that a bilateral trade deal with India will be announced soon. Better than expected earnings from India's top private banks, HDFC Bank ( opens new tab and ICICI Bank ( opens new tab, also lured money into the sector, according to two analysts. India's consumer and telecom stocks also saw foreign buying in April, while most other major sectors saw an exodus. Information technology stocks saw outflows worth $1.80 billion as concerns over economic growth in the U.S., IT firms' biggest market, hit demand. "Policy uncertainty due to U.S. tariffs is likely to hurt growth in the information technology sector in fiscal year 2026," said analysts led by Ashwin Mehta of Ambit Capital. "Lower U.S. GDP growth, softness in UK and European Union growth could hurt the street hopes of margin improvement over FY2025-28," Mehta said. ($1 = 84.6000 Indian rupees)
