Dow Jones Top Financial Services Headlines at 7 AM ET: Bank Stocks Are Haunted by the Ghosts of 2023 | Warren ...
Dow Jones2026/10/05 11:00Bank Stocks Are Haunted by the Ghosts of 2023 Lenders have stronger balance sheets now as they face a new rate-hiking cycle. ---- Warren and Hawley to Probe Insurers Over Zero-Payout Claims The senators, one a Republican and the other a Democrat, question whether companies are driving profits with 'tactics to delay payments.' ---- Intesa Sweetens Monte dei Paschi Bid to $35.3 Billion, But Warns on Rival Deals The bank sweetened the deal to a total offer value to 31.4 billion euros from 30.6 billion euros previously. ---- Two Blue Owl Private Credit Funds See Redemption Requests Well Above 5% Investors move to pull another $4.2 billion from two funds. ---- Ant-Backed Fintech Mynt Valued at Around $7 Billion in Philippine IPO The IPO is set to become one of the Philippine Stock Exchange's largest ever listings. ---- IG Group Shares Dive 27% After Trading Platform Slashes 2026 Guidance The investment platform said in an unscheduled trading update that it expects third-quarter revenue to fall 14%. ---- UBS Shareholder Calls for Bank to Leave Switzerland U.S. investor Artisan Partners has urged the bank to part ways with its home country over new capital rules. ---- Financial Services Roundup: Market Talk Find insight on ING Groep, Commerzbank, Partners Group Holding and more in the latest Market Talks covering Financial Services. ---- Another Fed Official Suggests Next Rate Increase Can Wait Vice Chair Jefferson echoes another central bank official who cast doubt on an October hike. ---- Why Veteran Strategists on Wall Street Are Bracing for Greater Volatility BCA Research's Arthur Budaghyan warns U.S. bonds could continue to slide until financial conditions tighten. ---- Wall Street's Trading Desks Come Down From a Record High Bankers expect third-quarter revenue to be better than normal, but not to match the big gains earlier this year ---- Hedge-Fund Managers Lose Out on Lucrative Tax Strategy Appeals court rulings deny a path to avoiding the 3.8% federal self-employment tax. ---- SEC Moves to Expand Access to Pri
Bank Stocks Are Haunted by the Ghosts of 2023
Lenders have stronger balance sheets now as they face a new rate-hiking cycle.
----
Warren and Hawley to Probe Insurers Over Zero-Payout Claims
The senators, one a Republican and the other a Democrat, question whether companies are driving profits with 'tactics to delay payments.'
----
Intesa Sweetens Monte dei Paschi Bid to $35.3 Billion, But Warns on Rival Deals
The bank sweetened the deal to a total offer value to 31.4 billion euros from 30.6 billion euros previously.
----
Two Blue Owl Private Credit Funds See Redemption Requests Well Above 5%
Investors move to pull another $4.2 billion from two funds.
----
Ant-Backed Fintech Mynt Valued at Around $7 Billion in Philippine IPO
The IPO is set to become one of the Philippine Stock Exchange's largest ever listings.
----
IG Group Shares Dive 27% After Trading Platform Slashes 2026 Guidance
The investment platform said in an unscheduled trading update that it expects third-quarter revenue to fall 14%.
----
UBS Shareholder Calls for Bank to Leave Switzerland
U.S. investor Artisan Partners has urged the bank to part ways with its home country over new capital rules.
----
Financial Services Roundup: Market Talk
Find insight on ING Groep, Commerzbank, Partners Group Holding and more in the latest Market Talks covering Financial Services.
----
Another Fed Official Suggests Next Rate Increase Can Wait
Vice Chair Jefferson echoes another central bank official who cast doubt on an October hike.
----
Why Veteran Strategists on Wall Street Are Bracing for Greater Volatility
BCA Research's Arthur Budaghyan warns U.S. bonds could continue to slide until financial conditions tighten.
----
Wall Street's Trading Desks Come Down From a Record High
Bankers expect third-quarter revenue to be better than normal, but not to match the big gains earlier this year
----
Hedge-Fund Managers Lose Out on Lucrative Tax Strategy
Appeals court rulings deny a path to avoiding the 3.8% federal self-employment tax.
----
SEC Moves to Expand Access to Private Markets With Proposed Change to Accredited Investor Rule
The Securities and Exchange Commission proposed a test to determine whether an investor qualifies as accredited, granting access to nonpublic investment opportunities.
----
Amex Adds AI, Expense Tracking to Corporate Card to Counter Fintech Rivals
American Express has rolled out an expense-management platform with AI features alongside its new corporate card, as the company's corporate business faces mounting competition from fintechs.
----
Robinhood's Next Big Bet: AI Bots That Trade While You Sleep
The brokerage's app made it easy to trade stocks on a smartphone. Now Robinhood sees AI agents in individual investors' future.
(END) Dow Jones Newswires
October 05, 2026 07:00 ET (11:00 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Our Pinterest Stock Pick Hasn't Worked. We're Dropping It. -- Barrons.com
By Jacob Sonenshine Pinterest is down about 42% since Barron's recommended the stock in June 2025. During that time the S&P 500 has gained 29%. Time to move on. The problem isn't that Pinterest doesn't have long-term growth potential. It's that it has repeatedly failed to sustain a super high growth rate, creating uncertainty. Our thesis was that revenue growth would hold strong and the company's artificial intelligence usage would enable it to match the right products and advertisements with users. The hope was that Pinterest, with its hundreds of millions of users and more than $4 billion of annual sales, would grow within a global digital ad market worth hundreds of billions, as it would increasingly monetize its users. It has grown -- but not consistently at a high rate. Pinterest will continue to grow, but the market's concern doesn't appear likely to subside soon; revenue growth often decelerates by several percentage points, which causes large selloffs in the shares. The root of the problem is that whenever growth slows, the market is left to wonder if the platform is beginning to lose its relevance. Users now have a crowded field of options for finding personal and household trinkets to buy. Maybe the growth story isn't as beautiful as investors had hoped years ago, when the stock was at record highs of close to $90. Consider second quarter earnings, which management released Aug. 4, and caused the stock to drop. Yes, sales of $1.18 billion beat analyst's expectations and grew about 18% year over year, and yes, adjusted earnings per share of 43 cents beat estimates and grew 30%, as profit margins expanded. But the guidance signaled slowing growth yet again. Management guided for third quarter revenue of $1.2 billion at the midpoint of the range. That implies 14% year over year growth. Chief Financial Officer Julia Donnelly said on the earnings call that second quarter growth was strong partly due to the combination of brands increasing their ad spend around Amazon Prime Day and "World Cup-related spend th
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