Fintech is now thought of by many as an industry in itself, comprised of companies offering disruptive alternatives for the delivery of financial services. Over the past 10 years, fintech has been a magnet for investment (over $20 billion in 2015), and it has changed the way that people and institutions transact and interact.
The first wave of fintech was primarily about providing new ways of doing existing things more easily, efficiently, and often in a way that aimed to supplant large financial institutions. Much of the focus in the first wave was on business-to-consumer (B2C) interactions in the banking sector, especially in the areas of payments, banking, lending and securities.
The way that people use a bank is an example, as a startup like Moven helped make banking on a phone or a tablet the predominant way that people interact with their banks today. The way that people pay for things and pay each other has been changed by companies like Square and Venmo, which changed how these transactions occur. And the way that people invest their savings has transformed thanks to companies like Betterment and Motif Investing.
Hot Financial Stocks For 2018: The First of Long Island Corporation(FLIC)
- [By Dividends4Life]
The First of Long Island Corporation (FLIC) operates as a bank holding company for The First National Bank of Long Island that provides financial services. Sept. 19, the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Oct. 11, 2013 to shareholders of record on October 3, 2013. The yield based on the new payout is 2.7%.
Hot Financial Stocks For 2018: Diamond Hill Investment Group Inc.(DHIL)
- [By Joe Tenebruso]
Diamond Hill Investment Group (NASDAQ:DHIL) reported first-quarter results on April 26. The investment management company is benefiting from a seemingly relentless bull market despite shifting competitive dynamics within its industry.
Hot Financial Stocks For 2018: Home Federal Bancorp Inc.(HOME)
- [By Sofia Horta e Costa]
Sanofi fell 2.6 percent after withdrawing a U.S. application for a diabetes drug. Cie. Financiere Richemont (CFR) SA dropped 2.3 percent as revenue missed analysts estimates. Vivendi SA advanced 2.7 percent after saying it will begin a formal study to separate its French phone unit from its media businesses. Home Retail Group Plc (HOME) surged 5.4 percent to a two-year high as sales exceeded projections.
- [By ]
Real Money columnist Robert Lang says that while retail “has certainly had its challenges over the past couple of years, between difficulties in the mall and then the big gorilla in the room, Action Alerts PLUS holding Amazon (AMZN) …there are a handful of names that continue to perform well, one of those is At Home Group (HOME) .
- [By Logan Wallace]
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- [By Lisa Levin]
Shares of At Home Group Inc (NYSE: HOME) were down 10 percent to $23.19. At Home Group reported Q2 adjusted earnings of $0.18 per share on revenue of $232.1 million.
Hot Financial Stocks For 2018: Petroleum Resources Corporation(PEO)
- [By Lisa Levin]
In trading on Wednesday, financial shares fell 0.13 percent. Meanwhile, top losers in the sector included Adams Natural Resources Fund Inc (NYSE: PEO), down 4 percent, and Old Point Financial Corporation (NASDAQ: OPOF) down 3 percent.