News Topic: Stocks

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Consumers who have felt betrayed by banks are more likely to turn to mobile apps that give them a greater sense of financial control. Bankers must reconnect with these people and reassure them that their personalized advice is safe and valuable. ... Read full article

PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button. ... Read full article

Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015. ... Read full article

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million. ... Read full article

Some 3,400 additional staffers in the treasury management group will be required to get pre-clearance before making trades. The policy change was driven in part by increased regulatory scrutiny, the bank said. ... Read full article

Investors are looking past signs of weakness and toward an eventual recovery, but top executives at BlackRock, Citigroup, Goldman Sachs and other financial firms remain cautious as many cities and states remain in partial lockdown to slow the spread of the ... Read full article

The regional wants to “play offense” with the proceeds of its $17 billion BlackRock stake; shares of some bank shares jumped 6% Thursday but remain well behind the rest of the market. ... Read full article

B. Riley FBR initiated equity coverage of the mortgage giant, citing housing finance reform proposals that could result in Fannie and Freddie Mac being released from conservatorship. ... Read full article

A new feature from the microinvesting app Stash allows users to accumulate free stock in the companies where they spend money. ... Read full article

The rewards card offered by the fintech Stash will let users accumulate stock of companies at which they frequently shop. The company said Tuesday that it has raised $65 million from investors and will offer the card in partnership with Green Dot. ... Read full article

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges. ... Read full article

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion. ... Read full article

Fannie Mae and Freddie Mac shares soared Friday amid fresh reports that the Trump administration is working on proposal that would recommend freeing the mortgage-finance giants from government control. ... Read full article

The results won’t do much to stimulate loan growth but could still provide the boost that investors have been waiting for. ... Read full article

Despite an overall weak mortgage originations market, Flagstar Bancorp's third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations. ... Read full article

The Tennessee regional said the sale should boost quarterly profit by $160 million. ... Read full article

The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory. ... Read full article