Office, industrial lending fuel commercial origination gains
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LPL Financial has added HighWater Wealth, a San Diego-based firm with $2.4 billion in advisory assets focused on high-net-worth investors, from U.S. Bank. The team has joined Quotient Advisor Partners, an office of supervisory jurisdiction of LPL. The HighWater team includes Kristian Forster, Mike Rookus, Falko Hörnicke, Tim Davidson and Brian Rissman. They focus on…
Wall Street major Goldman Sachs has initiated coverage on select auto ancillary stocks, namely Sansera Engineering (Buy), Craftsman Automation (Buy), Samvardhana Motherson (Neutral), and Bharat Forge (Neutral). Goldman Sachs says these manufacturers are undergoing a product mix shift that could make their business models more resilient to industry cycles while expanding into larger profit pools…
Some home buyers are making purchase decisions based on the proximity of potential data centers, even as their construction becomes a lucrative revenue source in certain parts of the country, a new Redfin report says. Processing Content More than half, or 53%, of U.S. residents expressed opposition to data center construction in their neighborhoods, according…
A four-year ban on a U.S. central bank digital currency (CBDC) is set to take effect if a housing bill becomes law Saturday (July 11), CoinDesk reported Friday (July 10). The ban is included in the bill that was approved by Congress and sent to President Donald Trump, who has neither signed it nor vetoed it….
The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.26%. September E-mini S&P futures (ESU26) rose +0.82%, and September E-mini Nasdaq futures (NQU26) rose +1.35%. Stock indexes settled higher on Monday, with the S&P 500 posting a 2.5-week…
Key insight: A coalition of state attorneys general is asking federal banking regulators to reject Enova’s proposed acquisition of Grasshopper Bank and OppFi’s proposed purchase of BNC National Bank’s holding company. What’s at stake: The attorneys general warn that if the nonbank lenders are able to buy banks, they could bypass state usury laws and…