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Financials:
What changed in financials, and why it mattered.
- 01
Morgan Stanley and Bank of America reported third-quarter results, and Bank of America also called in about 1,000 contractors to fix security flaws.
Morgan Stanley's revenue rose to $20.3 billion from $18.2 billion a year ago, a sign that the trading and advisory side of the big banks is doing well. Bank of America's consumer arm earned $3.5 billion on revenue up 4%, so the steady deposit and lending business is holding up. The security clean-up is a reminder that tech risk is a real cost for large banks.
US banks · Investment banks· MS, BAC·Source 1·Source 2·Source 3
Closest to a screener match in US banks and Investment banks · Monday's close, 19 Oct
- Not a match
Two checks short of a pick.
- Not a match
Two checks short of a pick.
- 02
The European Central Bank approved UniCredit's bid for control of Commerzbank.
Regulatory approval removes a major hurdle for a cross-border bank takeover in Europe. It puts the spotlight on how consolidation could reshape the European banking group, with UniCredit as the buyer and Commerzbank as the target.
Screener matches in European banks · Monday's close, 19 Oct
- Shortlisted
INGINGA.AS
All six checks pass, with the price 11.6% above a rising 200-day average.
- 03
Mastercard announced a stablecoin payments platform with BVNK and a lender data tie-up with Equifax, while Visa and Mastercard asked a court to approve a fee settlement.
The two partnerships show Mastercard pushing into stablecoin payments and consumer-permissioned data for lenders, which widens what the network sells beyond card swipes. The settlement request over fees is a separate matter that bears on what the two networks earn from merchants and on how long the dispute drags on.
Payments and cards· MA, V·Source 1·Source 2·Source 3
Closest to a screener match in Payments and cards · Monday's close, 19 Oct
- Not a match
One check short of a pick.
- Not a match
VisaV
One check short of a pick.
- 04
Charles Schwab posted record quarterly earnings per share, and Interactive Brokers raised its dividend.
Schwab earned $2.9 billion, or $1.62 a share, with adjusted earnings of $1.69 a share, up 29% from a year earlier. Interactive Brokers lifted its quarterly dividend from $0.0875 to $0.15. Together they show the established brokers earning well and returning more cash.
Brokers· SCHW, IBKR·Source 1·Source 2
Closest to a screener match in Brokers · Monday's close, 19 Oct
- Not a match
RobinhoodHOOD
One check short of a pick.
- Not a match
One check short of a pick.
- 05
Allstate reported $220 million of September catastrophe losses, and AM Best turned its outlook positive on AmTrust's insurers.
Allstate's third-quarter catastrophe losses reached $1.65 billion, the weather cost that drives swings in home and auto insurer profits. The AM Best outlook change on AmTrust is a separate, positive credit signal. Chubb reports on October 20, so the next set of insurer numbers is close.
Published 17/10/2026, 10:16 UTC · claude-sonnet-5-5