Tag: financial

Is Banco Do Brasil (BDORY) Stock Outpacing Its Finance Peers This Year?

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Banco Do Brasil SA (BDORY) one of those stocks right now? A quick glance at the company’s year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

Banco Do Brasil SA is one of 866 companies in the Finance group. The Finance group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank

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Message to Finance Minister Chrystia Freeland: No need to raise taxes

Canadians need a break from governments that raise taxes to make up for their ineptitude

Published March 24, 2023 • Last updated Mar 24, 2023 • 4 minute read

Finance Minister Chrystia Freeland in Ottawa.
Finance Minister Chrystia Freeland in Ottawa. Photo by Blair Gable/Reuters/File Photo

As next week’s federal budget approaches, speculation is rampant about potential tax increases. Topping the list are a capital gains tax hike, a windfall tax on oil companies and a hike to the top rate of income tax.

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The World Bank’s Rhino Bonds Show How Development Finance Can Get Creative

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In February, the World Bank issued a five-year outcome bond that aims to provide clean drinking water to around two million school children in Vietnam.

Manan Vatsyayana/AFP/Getty Images

About the author: David Malpass is president of the World Bank Group.

The current strains in the financial sector highlight once more the importance of sound risk-management practices in banking. Understanding potential balance-sheet risks arising from holding specific assets is paramount. That’s why, when launching innovative new sustainable bonds, the World Bank is transparent and makes available all the necessary information for potential investors to assess the risk/return profile of

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The banking crisis is ‘over,’ top analyst Dick Bove says. Here’s why.

The banking crisis is finished.

That’s a somewhat surprising message from OG banking analyst Dick Bove, who rose to fame with his bold calls at the height of the 2008-2009 crisis.

“I think that the near-term banking crisis is definitely over,” the Odeon Capital Group Financial analyst said on Yahoo Finance Live (video above).

Bove’s call is rooted in his interpretation of recent events to prevent a wider crisis in the financial system.

On Thursday, 11 US banks led by JP Morgan (JPM), Bank of America (BAC), and Citigroup (C) banded together to inject $30 billion in uninsured deposits into

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Bitcoin, Ethereum Post Mega Rallies After Banking Intervention

This week in coins

This week in coins. Illustration by Mitchell Preffer for Decrypt.

After three consecutive weeks of lossesprices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week.

Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data.

Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed.

The industry’s No. 2 coins, Ethereum (ETH), is back where it was before the downturn. ETH is up 27% over the seven days and

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Here’s how sharply mortgage refinancing has dropped

To say home refinancing activity is a sliver of what it was two years ago is no exaggeration.

In the first quarter of 2021, there were 1.84 million refinances where homeowners secured a lower mortgage rate, according to figures for mortgage technology and data provider Black Knight Inc. provided Yahoo Finance. In the final month of 2022, that number was just 9,701.

Here’s what that drop-off looks like.

On Wednesday, figures from the Mortgage Bankers Association reflected this rapid descent. Refinance activity was 76% lower the week ending March 3 versus a year ago as mortgage rates climbed more than

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Time to deal with the ‘nastiest, hardest problem in finance’

The UK government’s decision last week to push down the age at which workers can automatically be enrolled in a company pension scheme was widely praised. This is great news — given the power of compounding on long-term savings, the earlier people get going, the better.

But with that decision out of the way it is time for the government to look at the other end of the pensions market and tackle what Nobel Prize-winning economist William Sharpe has called the “nastiest, hardest problem in finance” — the question of decumulation , or how to plan savings and spending in

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Consumers keep feeling better about today and worse about tomorrow: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe

Wednesday, March 1, 2023

Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App.

US consumers and the executives that Goldman Sachs (GS) CEO David Solomon talk to have a lot in common — they feel good about today and worse about tomorrow.

New data out from

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