Category: Bank

Fintech – Financial Technology

Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers. It primarily works by unbundling offerings by such firms and creating new markets for them.

Fintech startups received $17.4 billion in funding in 2016 and were on pace to surpass that sum as of late 2017, according to CB Insights, which counted 26 fintech unicorns globally valued at $83.8 billion. The same firm reported that there were 39 VC-backed fintech unicorns worth $147.37 billion by the end of 2018.

BAC ~ BANK AMER CORP COM

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments

Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Bank of America Corporate Center
100 N Tryon St
Charlotte, NC 28255-0001

https://www.bankofamerica.com

NYCB – New York Community Bancorp

NYCB – New York Community Bancorp, Inc. stock

New York Community Bancorp has started to grow its portfolio and has completed the bulk of planned share repurchases. With recessionary fears at the forefront, the bank’s quality standards has allowed it to outperform its peers.

We examine this from a valuation standpoint and give our take on this regional bank.When we last covered New York Community Bancorp (NYCB) we were modestly positive on the regional bank in spite of headwinds from the yield curve.

BAML favorite Q4 picks

Bank of America Merrill Lynch releases its top 10 U.S. ideas for Q4. The high-conviction list includes 7 Buy-rated stocks and 3 Underperform-rated stocks.

Top BAML Buy-rated ideas: Aramark (NYSE:ARMK), Salesforce.com (NYSE:CRM), Disney (NYSE:DIS), Dover (NYSE:DOV), New York Community Bank (NYSE:NYCB), Raytheon (NYSE:RTN) and Target (NYSE:TGT).

Top BAML Underperform-rated ideas: Floor and Decor (NYSE:FND), Gap (NYSE:GPS) and Terex Corp. (NYSE:TEX).

Deutsche Bank AG

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany. The bank is operational in 58 countries with a large presence in Europe, the Americas and Asia. As of April 2018, Deutsche Bank is the 15th largest bank in the world by total assets

Deutsche Bank is the leading German bank with strong European roots and a global network. In a fundamental transformation the bank focuses on its core strengths in a newly created Corporate Bank, a leading Private Bank, a focused investment bank and in asset management.

On July 7th 2019, Deutsche Bank has announced the most fundamental transformation in decades and a profound restructuring of its businesses.The bank consists now of four, strong, client-centred businesses, including a newly created Corporate Bank. It will work in close cooperation with a focused Investment Bank, a leading Private Bank in Germany and selected markets and the asset manager DWS.

Bank of America Corporation



Bank of America is one of the largest financial institutions in the United States, with more than $2.3 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services.

The company’s Merrill Lynch operations provide brokerage and wealth management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank’s acquisition of BankAmerica in 1998

Square, Inc. ~ (SQ)

“Bulls argue that the growth runway is huge for Square. While payment processing is the firm’s bread and butter right now, that won’t always be the case. SQ has gone from being simply a payment processor for small businesses to becoming a one-stop shop for merchants. Square has been tacking on extra offerings for years now, from inventory management and shipping to payroll and lending. Those extra services differentiate SQ from its peers, and make switching costs for merchants much higher because they already rely on Square’s ecosystem in order to run their businesses efficiently. “

By Laura Hoy, InvestorPlace ContributorMay 29, 2019, 2:49 pm EDT