US stocks today: US stocks end higher on cool inflation data, strong earnings
Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock and Morgan Stanley beat estimates. Despite weak semiconductor stocks, easing rate hike expectations and solid bank results supported gains across major indexes.
JP Morgan moving closer to $1 trillion market value milestone
JPMorgan is approaching a $1 trillion market valuation after record profits and a strong share rally. Robust investment banking, diversified operations and investor confidence in CEO Jamie Dimon have strengthened its leadership, with sustained dealmaking expected to support further growth.
PayPal shares jump over 15% after Stripe, Advent make $53 billion buyout offer
PayPal shares surged after a reported $53 billion buyout offer from Stripe and Advent International, valuing the company at a premium. The proposal comes amid slowing growth and rising competition, positioning PayPal at the centre of a potential major fintech deal as investors await further developments.
PL Capital sees Nifty hit 27,000 in one year, names 15 top picks
PL Capital has raised its one-year Nifty 50 target to 27,019, implying over 12% upside, while warning that the escalating West Asia conflict and a potential super El Niño could fuel inflation and hurt growth. The brokerage remains stock-specific and has identified 15 preferred large- and mid-cap picks.
Angel One Q1 Results: Net profit doubles to Rs 231 crore
In the June quarter, Angel One reported impressive financial growth, with consolidated profit after tax soaring to Rs 231.4 crore, more than doubling year-on-year. The company experienced a robust 25.4 percent increase in total income, reflecting its expanding influence in the market. Additionally, its client base surged to 3.86 crore, prompting the declaration of an […]
Tata Capital raises USD 400 million from a bond issue in the US
Tata Capital successfully raised $400 million by selling dollar bonds abroad. Asian and European asset managers dominated demand for these instruments. The bonds mature in 42 months and were priced tightly. This marks Tata Capital’s second overseas dollar bond sale. Fitch Ratings affirmed the company’s ratings at ‘BBB-‘ in February.
Sebi tightens conflict safeguards with recusal framework
In a significant move, SEBI has established a formal framework for recusal among its senior officials. This code mandates that officials withdraw from matters where conflicts may arise, including personal, professional, and financial interests. Additionally, the regulator will keep digital records of recusals, ensuring that annual data is made available to the public for enhanced […]
‘We faltered, did not move quickly:’ How IBM CEO Arvind Krishna’s statement led to $70 billion wipeout
IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in market value. The selloff was triggered by weaker-than-expected preliminary Q2 results and concerns that customers are shifting spending from IBM’s traditional businesses to AI infrastructure.
HDB Financial Q1 Results: Profit jumps 38% YoY to Rs 785 crore; NII up 20%
HDB Financial Q1 Results: HDB Financial Services reported a 38% profit increase for the June quarter. Net interest income grew twenty percent, supporting overall financial performance. Assets under management reached one point two two lakh crore rupees. Asset quality showed improvement with lower Stage three loan percentages. The company experienced strong growth across its core […]
Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore
Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net interest income, alongside a slight enhancement in margins. Additionally, the bank attracted deposits from overseas locations like Australia and the UAE through a specialized RBI window. Both global and domestic […]