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Tag Archives: banking

Political risks weigh on global markets ahead of oil data

A raft of political risks kept a lid on global stock markets on Wednesday, a day after the Dow Jones industrial average struck a new milestone. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.1 percent at 7,176 while Germany’s DAX fell 0.1 percent to 11,539. The CAC 40 in France was 0.3 percent ...

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US stocks jump following strong January jobs report

U.S. stocks are climbing Friday morning after the government said employers stepped up their hiring last month, another positive sign for the U.S. economy. The biggest gains are going to small-company stocks, which stand to benefit from a pickup in the economy. Banks rose sharply after President Trump took a first step toward scaling back financial industry regulations. Major stock ...

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Stocks rise on hiring survey; Apple climbs on better sales

Stocks are moving higher Wednesday morning after a survey showed private U.S. employers hired new workers at a faster pace in January, a sign that the economy could be getting stronger. Technology stocks are climbing after Apple said iPhone sales improved in its last quarter, which sent its stock to its highest price in more than a year. The market ...

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Weak quarterly reports push stocks lower for a second day

U.S. stocks are falling Tuesday morning following weak fourth-quarter results from companies including UPS and Under Armour. Investors moved money into bonds and stocks that pay large dividends, like utilities. Stocks took losses a day earlier after President Donald Trump imposed a travel ban on seven Muslim-majority countries. KEEPING SCORE: The Dow Jones industrial average fell 127 points, or 0.6 ...

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US stock indexes edge higher in early trading; oil rising

U.S. stock indexes edged higher in early trading Thursday, extending gains a day after the Dow Jones industrial average closed above 20,000 for the first time. Energy stocks rose more than the rest of the market as the price of crude oil headed higher. Investors had their eye on the latest crop of company earnings. KEEPING SCORE: The Dow gained ...

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Dow erases gain for 2017 as stocks fall, bond yields climb

The Dow Jones industrial average erased its gain for the year on Thursday, part of a pullback for stock indexes as Treasury yields continued their upward march. KEEPING SCORE: The Dow Jones industrial average fell 109 points, or 0.6 percent to 19,696 as of 2:20 p.m. Eastern time. That puts the Dow down 0.3 percent for the year, though it’s ...

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Community bankers and directors focus on hot button issues at conferences

By BECKY GILLETTE The Mississippi Bankers Association plans the second of two Community Bankers and Directors Hot Button Conferences Jan. 26 at the Lake Terrace Convention Center in Hattiesburg to bring together bankers to have discussions about some of the biggest issues facing community banks including third party risk, cyber security and enterprise risk management. The first conference was held ...

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US stock indexes mixed; bond yields and dollar climb again

U.S. stock indexes were mixed in a listless morning of trading Wednesday, while bond yields and the dollar moved higher again. KEEPING SCORE: The Standard & Poor’s 500 index was up 2 points, or 0.1 percent, to 2,270 as of 10:35 a.m. Eastern time. The Dow Jones industrial average was down 3 points, or less than 0.1 percent, to 19,824. ...

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Renasant to buy Metropolitan Bank for $190M, boost assets more than $10B

Renasant Corp. announced Tuesday that it’s buying Metropolitan BancGroup for $190 million in stock. The Tupelo-based bank says acquiring Metropolitan’s $1.2 billion in assets will boost its market share, making it the fifth-largest bank in the metro areas of Memphis, Tennessee, and Jackson, Mississippi. Metropolitan has eight total offices, four in the Jackson area and two apiece in Memphis and ...

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